Aer Lingus sale process
Deputy O’Dea asks how long the Government’s consideration of IAG’s Aer Lingus offer will take and whether legislation would be required. The Taoiseach says specialist advice is being commissioned and Oireachtas approval would be needed for a sale.
In reply to Deputy Martin today, the Taoiseach outlined the procedures set out by the Government to advise on the sale of its share in Aer Lingus. Can the Taoiseach give us any indication of how long that process will go on for? How long will we be waiting for a decision on this, one way or the other, from the Government? Can the Taoiseach confirm that if the Government proceeds to sell its share in Aer Lingus, legislation will need to be brought into this House to authorise that?
Comment on this
Deputy O'Dea will be well aware that if that were to happen, approval would have to be given by the Houses of the Oireachtas. The Minister briefed Cabinet this morning and has made public comments on this already. Obviously, IAG has made an offer and the board of Aer Lingus has issued a statement to the effect that it is willing to consider the offer. There is a waiting period now. The Minister set up an interdepartmental group. After the completion of tenders this evening, he will appoint specialists tomorrow and they will engage with IAG.
I am quite sure it will take a week or two before the details and implications of what the offer means become fully understood and are analysed. Obviously, the Government has to take into account all of the issues we mentioned today, such as regionality, jobs and future connectivity. From that point of view, I would think one would probably have a report in two to three weeks.