Maintaining vital transport links for our island economy peripheral in Etihad’s calculations

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Economy

Responding to the news of Etihad Airways interest in buying the state’s 25% stake in Aer Lingus Dublin North TD and Aer Lingus SIPTU Shop Steward Clare Daly said: 

 

“The proceeds of any sale like the sale of other state assets are intended purely to clear the private debt the state has taken on. The final sums the 25% stake in Aer Lingus might fetch at this juncture would barely make a dent in that colossal debt. 

 

“The rationale behind the government maintaining a stake in Aer Lingus, we were told, was that regardless of the fact it has become an essentially private interest it was of strategic importance to our island economy. If that was the case at the time of the previous sell off of shares I ask the government what has change? 

 

“It is clear to me and to anybody else familiar with the airline industry the Etihad’s interest in Aer Lingus lies not with maintaining and expanding routes between Ireland and the rest of the world but rather Aer Lingus’s 23 Heathrow slots which they would like for trans Atlantic routes. 

 

“Such an outcome would come at the cost of jobs. My colleagues in Aer Lingus will have to ready themselves for further battles in the months and years ahead. The sell off of the government’s stake in Aer Lingus is a final chapter in a story of economic treason which workers in other commercial semi states should draw lessons from when the government comes after them .”