You Give me Aer Lingus, I give you Shannon-Heathrow
An interesting turn of events has arisen around the planned takeover by Ryanair of Aer Lingus.
Earlier this week, Ryanair offered a price of €747m for the company, which was rejected by the board of the former state airline.
Following a meeting between Ryanair and the Minister for Transport, Noel Dempsey, the offer has been sweetened somewhat.
Not only will Ryanair give recognition to unions within Aer Lingus, but they have offered to restore the Shannon to Heathrow service, as well as giving the Government control of the Heathrow slots owned by Aer Lingus.
Ryanair Merger Presentation (PDF format)