- Oct 26, 2006
Ryanair hopes the Irish government's Budget woes will help the low-cost carrier finally seal a takeover of Aer Lingus, Ryanair chief executive Michael O'Leary told a German newspaper today.
Ryanair, which owns almost 30 percent of Aer Lingus, has tried twice to take over its rival but has struggled to overcome opposition from the government which holds a quarter of Aer Lingus.
BUSINESS WORLD - Ryanair: Gov will have to sell A Lingus"The government is broke now, it has to sell its holdings. In the end, it will sell Aer Lingus as well," O'Leary said in an interview published in daily Frankfurter Allgemeine Zeitung today.
O'Leary is looking for what he can gain out of this. Eliminate the competition.