| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

News Main Page 
 Asia-Pacific Business Week


How to use our RSS feed

Web Finfacts


Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:


Finfacts Homepage

Global News

Bloomberg News

CNN Money

Cnet Tech News


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News





News : Irish Last Updated: Dec 19th, 2007 - 13:17:15

Taoiseach accuses BA Chief Executive Willie Walsh of wanting to "steal" Aer Lingus assets and "shaft the interests of the staff"
By Finfacts Team
May 17, 2006, 13:41

Email this article
 Printer friendly page

BA Chief Executive Willie Walsh
Taoiseach Bertie Ahern has accused British Airways (BA) Chief Executive Willie Walsh and two other former executive 
directors of Aer Lingus, of wanting "to steal the assets of the airline."

Ahern made the comments in the Dáil this morning during leaders' questions. He was responding to a question about the privatisation of Aer Lingus by Labour leader Pat Rabbitte.

Besides former Aer Lingus Chief Executive Willie Walsh who took the reins at BA last October, the Taoiseach's charges were directed at two former directors Seamus Kearney and Brian Dunne. The three executives had proposed a management buyout of the airline in 2004. The proposal was made at a time when the Government could not agree on the future of Aer Lingus.

In the Dáil, Ahern said that Walsh and his senior colleagues, wanted to steal the airline's assets and shaft the interests of the staff. He added that he was glad the individuals involved proved their worth in the financial markets. But not, he said, at the expense of taking the assets away from Aer Lingus.

The planned floatation of Aer Lingus, which was due to take place in June, is expected to be deferred to the autumn because of the current uncertainty in global markets, in particular the trends in energy prices.

© Copyright 2007 by Finfacts.com

Top of Page

Latest Headlines
C&C reports plunge in UK cider sales; Revenue and profit margin to fall 10% in year to February 29, 2008
Shannon Development calls for urgent national launch of high-speed fibre Broadband infrastructure across Ireland
Irish SMEs can reduce costs by adopting Green IT
Irish construction employment fell 5.4% in year to November 2007 - actual job losses were about 15,000
Two Dublin Firms "score major deals" during South Africa Trade Mission
Dublin Airport: DAA to start work on €55m extension to Terminal One
Forfás says Employment in IDA and Enterprise Ireland client firms grew by 1,187 in 2007; Over 18,500 people were employed in research activities across Ireland in 2007
Wyeth Ireland invests €5 million in Dublin and creates 24 jobs
Irish Consumer sentiment fell slightly in December 2007
Aer Lingus begins Belfast-London Heathrow service; Ryanair's Michael O'Leary visits Shannon on last day of Aer Lingus service to London
Martin welcomes over 50 Irish Firms on South African Trade Mission
Irish Construction: December data signalled record falls in activity - housing, civil engineering and commercial sectors
Britvic Ireland to cut 60 jobs in Cork
Irish Live Register increased 2,100 in December; Grew 14,987 in 2007 to 171,800 at end of December
Irish Public Service Benchmarking Body Report: Increases recommended for just 15 of the 109 grades examined
Irish Financial Services Ombudsman says complaints increased 15% in 2007
Nuclear Power in Ireland: Government calls for a debate without a deadline to avoid having to make decision
Irish Industrial Sector had best year in 2007 since 2002
Irish National Employment Rights Authority carries out 14,000 inspections; Recovers €2.5m in arrears for workers; Martin launches "major publicity campaign"
Horizon Technology hit by falling revenue and bad debt provision increase of €0.8 million