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Aer Lingus rejects takeover bid by BA owner IAG | |
(35 minutes later) | |
British Airways owner IAG says that the Irish carrier Aer Lingus has rejected a takeover offer. | |
In a statement, IAG confirmed that it had submitted an offer and that it had been rejected by Aer Lingus. | |
Earlier, Aer Lingus shares had jumped 14% after the Financial Times reported that IAG was considering a bid. | |
A deal would have given it valuable access to landing slots at Heathrow, as Aer Lingus is the third-biggest airline at the airport. | |
Any takeover would require the backing of Ryanair and the Irish government, as they both hold stakes in the company. | |
IAG, which also owns Iberia and the low-cost airline Vueling, said that there could be no certainty that a further proposal would be forthcoming and that another statement would be made "if and when appropriate". | |
Aer Lingus operates a fleet of 47 Airbus aircraft and carries more than 10.6 million passengers a year. |