While it’s clearly not all about slots at London Heathrow that is certainly a major part of the logic for IAG from what we can see. Aer Lingus are currently the third largest airline at Heathrow in terms of slots with a 3.3% share of the available pool. Aer Lingus’ investors asked to back Heathrow slots deal ... However, Aer Lingus warned in a letter to shareholders containing the IAG offer document that failure to pass the “connectivity resolutions” governing the use of the Heathrow slots and other ... IAG offers Irish government further guarantees over future of ... IAG has also confirmed Aer Lingus’ name, head office location or place of incorporation in the Republic of Ireland, cannot be changed. ... Aer Lingus’ Heathrow Slots would be operated on Irish ... Aer Lingus rejects IAG's bid, but an old acquaintance should ... However, Aer Lingus has two key attractions to IAG and its CEO Willie Walsh, an ex-CEO of Aer Lingus: an important holding of slots at London Heathrow, the main hub of IAG's British Airways, and a high growth strategy on the North Atlantic, which is BA's key long-haul market.
British Airways May Acquire Heathrow Slots from Aer …
Timmy Dooley, transport spokesman of Ireland’s largest opposition party, Fiánna Fail, said: “IAG’s pursuit of Aer Lingus is becoming more aggressive with every passing week, and I am gravely concerned by the [transport] minister ... IAG promises not to sell Aer Lingus Heathrow slots International Airlines Group has promised not to sell Aer Lingus’ slots at London’s Heathrow Airport if it succeeds in its €1.3bn takeover bid. The pledge is one of a number of “legally binding commitments" the company said it would make in order to secure the Government’s support for its takeover bid. Aer Lingus Heathrow slots could be worth €1.2bn
I think the point is being missed slightly. BA couldn't give a toss about the good people of Ireland - remember that BA did not fly to Dublin before BMI was bought - and would happily close all 23 daily Aer Lingus flights to Heathrow because it can use the slots more profitably for other services.
Sale of final public share in Aer Lingus “treacherous” – The… The Workers’ Party have described the government’s decision to sell its remaining 25% share in Aer Lingus as an act of treachery which would have far reaching and damaging consequences for the Irish economy. Is European airline consolidation ready for takeoff? | World… Acquiring Aer Lingus, with its highly sought after 23 takeoff and landing slots at Heathrow Airport in the UK, would be an attractive addition to IAG’s portfolio of airlines and enable them to develop Ireland into a transatlantic traffic … Virgin Atlantic - Wikipedia
INTERNATIONAL AIRLINES GROUP Annual report ... - Annual Reports
Aer Lingus takeover: Calls to block IAG bid | The Irish Post Jan 27, 2015 · The current IAG bid, worth roughly `2.50 a share to Aer Lingus, is the third received by the airline since December. The Aer Lingus board previously rejected two lesser offers from the group — who are keen to win control of the Irish airline and the valuable slots it occupies at Heathrow Airport. Ryanair Board votes to accept IAG offer for Aer Lingus stake In line with this decision, Ryanair will now vote in favour of the motion at the Aer Lingus EGM on the 16 July next (to give the Irish Government a golden share over Aer Lingus’s Heathrow slots) and Ryanair will also vote its 29.8% shareholding in favour of acceptance of the IAG offer, subject to this offer receiving regulatory approval from buyingbusinesstravel.com buyingbusinesstravel.com
IAG Chief Executive Willie Walsh has said he understands Ireland's protection and loyalty to Aer Lingus, but said IAG's deal would be a "growth story" for the airline. The Dáil is expected to ...
Mixed reactions to news of IAG's buyout of Aer Lingus
In order to address these concerns, IAG has offered commitments not to sell Aer Lingus' Heathrow slots without the Irish government's approval; not to change Aer Lingus' name, head office or incorporation in Ireland; and to operate the Heathrow slots on Irish routes for at least five years, including a specific commitment to three daily slots ... ABSTRACT: IAG (International Airline Group) acquires Ireland ... ABSTRACT: IAG (International Airline Group) acquires Ireland’s Aer Lingus and gains 23 valuable slots at Heathrow, while oneworld partner Qatar Airways buys 10% of IAG, Europe’s highly fragmented airline industry with 200+ airline groups where the top 5 airlines by traffic have a 46% market share compared to 87% in the highly consolidated and concentrated US market, and a new stage of ... Mixed reactions to news of IAG's buyout of Aer Lingus | The ... THE sale of Aer Lingus to British Airways carrier IAG will protect Shannon Airport’s routes to Britain and across the Atlantic, a Fine Gael senator has said. Senator Tony Mulcahy said he believes the move by the Irish Government to sell Ireland’s national airline will “provide the necessary security” for the west of Ireland airport. IAG boss Willie Walsh has offered a ‘cast-iron guarantee’ on ... IAG CEO WILLIE Walsh has offered a ‘cast-iron, legally binding’ guarantee that Aer Lingus’ flight-slots at Heathrow Airport will remain as they are for at least five years. Walsh was speaking before a meeting of the Oireachtas Transport Committee this afternoon. It was an assured performance ...