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Sale of Aer Lingus is bad deal for Ireland – Ellis

26 May, 2015 - by Dessie Ellis TD

Sinn Féin Transport Spokesperson Dessie Ellis TD has said that the government decision to sell the state’s share in Aer Lingus to IAG is a bad deal for Ireland. He made his comments following the announcement by Minister Paschal Donoghue that the Fine Gael/Labour Cabinet had agreed to sell of the state’s 25% share this evening.

Deputy Ellis TD said:

“I am not surprised by this from a government dedicated to selling off state assets regardless of the cost to the state into the future, but it is very disappointing and I have grave concerns for the effect it will have on Ireland’s connectivity into the future as well as the threat it poses to workers in Aer Lingus and to deferred pension members. IAG have no interest in Ireland and the government have failed to stand up for the interests of the country instead seeking to make a quick profit as an election looms.

“The CEO of IAG made it clear in an interview last year that he desperately needs more slots at Heathrow for growing markets in Asia and South America in the long term. It will be Aer Lingus’s slots which provide essential connectivity for Ireland which will serve at these much needed assets for IAG, a multinational conglomerate only interested in their profit margins and their shareholders.

“Short term commitments are no use to Ireland in the future when we lose those slots held by Aer Lingus today and commitments to maintain jobs ring hollow when you look at the thousands of jobs cut from Iberian Airlines when it was bought by IAG.” 

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