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Aer Lingus buyout plan in jeopardy?

February 16, 2011

By Staff Reporter

But it is believed that the Aer Lingus management proposals to withdraw from the airlines’ One World Alliance and to end short-haul cargo services will only fuel government antagonism further, sources said.
Ahern is said to be ambivalent about the planned flotation or buyout. Transport Minister Seamus Brennan is supportive, but only just, and Tourism Minister John O’Donoghue firmly against the plan.
That means that Aer Lingus will stay as a state-owned entity for the foreseeable future.
In attempting to plan for a buyout, the management appears to have angered a broad swath of people in the business and political classes.
The airline has infuriated the Irish Exporters Association by refusing to reverse its decision to discontinue short-haul cargo operations.
Angry exporters have demanded action from Brennan, and warn that the decision has serious implications for the Irish economy.
It has serious implications for key electronics groups, such as Dell and Hewlett Packard, which ship vast quantities of product to Britain and Europe.
It could also antagonize T

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