Reply To: Aer Lingus rejects / now accepts IAG takeover offer

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BigDog.
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“Aer Lingus ‘to accept’ bid from British Airways owner IAG”

http://www.bbc.co.uk/news/business-30967346

Rather surprised by BEEB’s headline unless O’Leary has done a deal behind the scenes which only the BEEB had got a whiff of.

Methinks the BEEB has got ahead of itself with a headline which is not supported even by its own subsequent narrative. The FT (above) and DT being more indicative of the current position.

If the headline holds, methinks there will be many a hurdle still to take especially with respect to LHR slots. It will be a bad day for the free market, Eire and passengers, yet expect the share price to benefit.

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