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It has emerged that the Irish state plans to sell Aer Lingus to a private investor. Aer Lingus, the national Irish air carrier, is based in Dublin and operates over 30 aircraft serving the US, Europe, and Dubai, UAE. The Irish government owns 85% of the company. It recently endorsed privatization. Irish transport minister Martin Cullen announced that the future managers of the carrier would not be able to sell its attractive landing slots without the government’s approval. The minister unveiled a plan to protect state interests while raising capital with the aim to fund expansion of the carrier. The minister did not specify the investment amount necessary, nor did he comment on specific dates for execution.
Aer Lingus has announced intentions to leave the international airline alliance that it is currently a member of in 2007. Toward 2004 the company had revenue of approximately EUR 907 million. It has 4000 employees. Its trademark is moderately priced flights, and it is reflected in the slogan: Low Fares, Way Better.