The board of Aer Lingus has indicated to International Airlines Group that the financial terms of a propped takeover are at a level at which it would be willing to recommend it to Aer Lingus shareholders. IAG yesterday confirmed it had submitted an improved proposal to make an offer for Aer Lingus, valuing the company at €1.36 billion.
NEWS Aer Lingus willing to recommend IAG takeover proposal to shareholders
