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Aircraft and finance: Aer Lingus asks its shareholders to refuse Ryanair offer

Dublin, Ireland - "It undervalues the intrinsic value of the business"

Aer Lingus asked its shareholders to refuse the purchase offer made by Ryanair, with a letter which was signed by the company entire board of executives. Despite the chief executive officer of the low-cost carrier Michael O'Leary claiming that the offer is 38,3% higher than the firm's capital market, the board suggested not signing any document coming from Ryanair. "Aer Lingus is a robust and profitable...

AVIONEWS - World Aeronautical Press Agency - 1143518

AVIONEWS - World Aeronautical Press Agency