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Aer Lingus to be partly privatised
Aer Lingus has announced plans for part privatisation today.
The move is expected to raise 400m euros (£270m) to buy aircraft and expand the airline’s network.
The Irish government will sell more than 50% of its shares to investors and staff will retain their 15% holding.
Aer Lingus chief executive Dermot Mannion said being listed on the stock market would bring “significant profitable growth opportunities”.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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