“The Cabinet has considered the sale of the State’s 25% shareholding in Aer Lingus. The Government remains committed to the sale of the stake in Aer Lingus at the right time under the right conditions. However, the Government is not prepared to support any offer that would significantly undermine connectivity or competitiveness for Ireland,” the Government statement said.
“Based on what is now in the public domain, the Ryanair remedies package does not satisfy our concerns about connectivity, competitiveness or employment for Ireland.
“Obviously, the European Commission will make its own decision in its own time, but we do not see any benefit to Ireland in what has been reported.”