Aer Lingus Teoranta was registered as an airline on. Pending legislation for Government investment through a parent company, Aer Lingus was associated with Blackpool and West Coast Air Services which advanced the money for the first aircraft, and operated with Aer Lingus under the common title "Irish Sea Airways". History Early years Īer Lingus was founded on 15 April 1936, with a capital of £100,000.
IAG subsequently assumed control of Aer Lingus on 2 September 2015. In August 2015, Aer Lingus' shareholders officially accepted IAG's takeover offer. Ryanair retained a 30% stake in Aer Lingus which it agreed to sell to IAG on 10 July 2015 for €2.55 per share. On, after months of negotiations on a possible IAG takeover, the Irish government agreed to sell its 25% stake in the company. The principal group companies include Aer Lingus Limited, Aer Lingus Beachey Limited, Aer Lingus (Ireland) Limited and Dirnan Insurance Company Limited, all of which are wholly owned. The state had previously held an 85% shareholding until the Government's decision to float the company on the Dublin and London stock exchanges on 2 October 2006. Ryanair owned over 29% of Aer Lingus stock and the Irish state owned over 25% before being bought out by IAG in 2015.
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Aer Lingus has a hybrid business model, operating a mixed fare service on its European routes and full service, two-class flights on transatlantic routes. The airline has codeshares with Oneworld, Star Alliance and SkyTeam members, as well as interline agreements with Etihad Airways, JetBlue Airways and United Airlines. After the takeover by IAG, it was expected that Aer Lingus would re-enter Oneworld, however, at a press briefing on 15 November 2017 the airline's then CEO Stephen Kavanagh stated that the airline has "no plans to join Oneworld". The airline's head office is on the grounds of Dublin Airport in Cloghran, County Dublin.įormed in 1936, Aer Lingus is a former member of the Oneworld airline alliance, which it left on 31 March 2007. Founded by the Irish Government, it was privatised between 20 and it is now a wholly owned subsidiary of International Airlines Group (IAG). Aer Lingus ( / ˌ ɛər ˈ l ɪ ŋ ɡ ə s/ air LING-gəs an anglicisation of the Irish aerloingeas, meaning "air fleet") is the flag carrier of Ireland.
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