Turkish Airlines has emerged as a potential bidder for Aer Lingus just days after rival Ryanair made a revised takeover offer.
Turkey’s national airline is assessing Ireland’s former flag carrier and is “very interested,” according to sources.
Turkish Airlines, which could only hold a 49% stake in Aer Lingus because it is based outside the European Union, could buy the government’s stake or form a partnership with another airline, it is claimed.
It is one of several airlines looking at Aer Lingus. Abu Dhabi’s Etihad, which already owns a 3% stake, has long been tipped as a possible bidder for the Irish government’s 25% stake.
Both Turkish Airlines and Etihad view Dublin as a potential hub through which passengers could be routed to the Far East and beyond, according to a report in Ireland’s Sunday Business Post.
Ryanair, which is the largest shareholder in Aer Lingus, launched a third bid to take over its rival a week ago with an offer worth €694 million. This was rejected by Aer Lingus.
The surprise move by Ryanair also led to speculation that it was a plot to flush out prospective buyers for Ryanair’s own 29% stake in Aer Lingus.
This is a community-moderated forum.
All post are the individual views of the respective commenter and are not the expressed views of Travel Weekly.
By posting your comments you agree to accept our Terms & Conditions.