What to Know Now
IAG, the parent company of British Airways, has long been courting the interests of Aer Lingus, the flag carrier of Ireland. And after several attempts to woo the airline and its stakeholders, the British have finally broken through. This week, the Irish gave permission to the British to buy their 25.1% stake in the airline, effectively ceding control of the carrier over to IAG. The deal still has to be approved of by the Irish government.
For business travelers, one perk of this deal may be that Aer Lingus could once more join an alliance. British is one of the strongest members of the Oneworld alliance and with the flights and landing slots of Aer Lingus supporting it, will have a stronger play in transatlantic and European travel. Those who fly primarily on Oneworld carriers such as American, Cathay and Qantas, should be pleased.
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