If the Irish government owns 80% shares in Aer Lingus, then the Citizens of Ireland own 80% of Aer Lingus. When Aer Lingus to float’s in September The Citizens of Ireland should automatically receive their shares as a part of the transaction. No if’s, and’s or But’s. This airline is owned by the people of Ireland and should have their money looked after by themselves, not some lowlife politician taking brown envelopes under the table to line their own pockets. This time let everyone watch who gets rich on this deal.
4 comments on “The people of Ireland are owed shares of Aer Lingus”
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I agree with you on this one. I made the same point when Eircom was being sold off. In fact I felt a bit insulted that I was being asked to buy shares in something that I believed that I already owned but then again I am not surprised that people jumped in with both feet.
Did I write a reply to this already. Anyway it is good that it is being sold. I have written about it a few times already so really to late to get in to it all.
I think the argument to the contrary might be that the government’s dividend from their share can be used to pay for public services, which *should* mean they need to take less tax from us. And if they sell more of their share in the future, then the same can be done with that.
Of course the reality is that what they make out of aer lingus is more likely to go and pay for the employees’ pensions and other public sector pay increases…
not likely ever to happen – they are slated for another payrise in october – having only come back from their 3 month recess last week !