Ireland's government expects International Consolidated Airlines Group (ICAG.L) (IAG) to make a further offer to convince it to sell its 25 percent stake in Aer Lingus (AERL.I), Deputy Prime Minister Joan Burton said on Thursday.
Breaking News
Qatar Airways would like to raise its stake in the owner of British Airways and Iberia at some point and may invest in other well-run airlines, its chief executive said on Wednesday.
The board of Ireland's Aer Lingus (AERL.I) strengthened its support for British Airways-owner IAG's (ICAG.L) takeover approach on Friday, saying that following talks with its suitor, the deal made compelling commercial sense.
The owner of British Airways is running out of time to secure Ireland's Aer Lingus as questions over its commitment to keep jobs and key Heathrow routes stoke opposition from politicians facing a tough election next year.
Qatar Airways has bought a 9.99 percent stake in International Consolidated Airlines Group (IAG) worth around 1.15 billion pounds ($1.7 billion), building closer ties with the owner of its partners British Airways and Iberia in the oneworld alliance.
Insurance Australia Group Ltd is said to be thinking of making an offer for the insurance arm of Wesfarmers, according to sources interviewed by Bloomberg.
IAG's restructuring of Iberia started paying for itself as the company posted operating profits of EUR 245 million this quarter.
