Permanent TSB denied the payments were bonuses. A spokesman explained they were commissions and have been part of staff’s salaries since before the financial crash in 2008. Photograph: Alan Betson

Individuals workers receive up to €4,500, while branch managers get larger sums

 Willie Walsh: the IAG chief executive   has pledged to maintain Aer Lingus flights from the State to Heathrow for five years. Photograph: Sasko Lazarov/PhotoCall Ireland

Minister for Transport wants five-year pledge on Heathrow slots extended

 Etihad Airways, holder of almost 5 per cent of Aer Lingus, will probably sell its stake if the Government backs the IAG offer. James Hogan, chief executive of the Gulf-based airline, reiterated this recently.

Kavanagh tells aviation forum, ‘There is a timeline and an end is in sight’

Arytza chief executive Owen Killian: “The transaction will benefit the free float of Origin Enterprises and transform Aryzta into a pure play in speciality food.”

Deal boosts agri-services company’s free float

Minister for Transport, Tourism and Sport, Paschal Donohoe stressed that maintaining the low VAT measure for the tourism sector is conditional on the industry remaining competitive on Wednesday. (Photograph: Dara Mac Dónaill / The Irish Times)

Minister warns that sector must not return to the high prices that damaged its competitiveness during the boom years

Group to place shares with limited number of institutions

Airlines are facing a critical skills shortage as it seeks to replace a generation of staff and cope with a doubling of capacity over the next 15 years, one industry leader warned on Tuesday.

Industry leader warns that aviation must replace ‘one generation of technical staff with another’

Taoiseach Enda Kenny and Pascal Donohoe, Minister for Transport Tourism and Sport at the launch of the Government’s tourism policy at Kilkenny Castle on Monday. Photograph: Cyril Byrne / The Irish Times

Focus to be on increasing revenue to €5 billion

Harcourt will buy the Port of Bellingham 18.8-acre site in stages and redevelop it as a shopping and business centre

Developer to sign contract to redevelop 18.8-acre site in Washington state

The State is now able to borrow money at record low interest rates.

Treasury agency makes third earlyrepayment

IAG has been circling Aer Lingus for more than three months and in January said that it is willing to pay €2.55 a-share for the Irish airline, once both the State and Ryanair agree to sell their holdings in the company.

Further talks scheduled over €1.36bn bid for airline

Castlebar, Co Mayo. At a US function this week Opensparkz announced it planned to create up to 250 jobs in the town over three years

Businessman behind promised Mayo scheme threatened with court action

Earlier this week the airline said that it had spoken to manufacturers about buying long-haul craft and was looking at the possibility of flying between 12 to 14 European and US cities Photograph: Alan Betson / The Irish Times

Announcement follows reports that board approved future growth plans, including possible transatlantic services

Etihad flightattendants in training. The airline is willing to sell its Aer Lingus stake.

Gulf carrier’s chief James Hogan says it is unlikely to remain a backer if group takes control

The union meeting followed talks this week between IAG and a Government body set up to review its proposed €2.55-a-share offer for Aer Lingus. Photograph: Artur Widak/PA Wire

Source says unions could be ‘neutral, or at least less hostile’ following meeting

The union meeting followed talks this week between IAG and a Government body set up to review its proposed €2.55-a-share offer for Aer Lingus. Photograph: Artur Widak/PA Wire

Source says unions could be ‘neutral, or at least less hostile’ following meeting

Nicholas Moore, chief executive officer and managing director of Macquarie. Macquarie is planning a rights issue to raise $500 million to help pay for the deal, which will rank the business close to the globe’s top 10 aircraft lessors.

Transaction to go through in 12 months

Ryanair wants to grow its share of the central European country’s market to between 15 per cent and 20 per cent from its current 4 per cent by 2019. File photograph: Nick Ansell/PA Wire

Airline makes play for larger slice of German market in time for winter schedule

Aer Lingus planes at Dublin Airport. Sources say IAG could make further concession on Aer Lingus’s Heathrow slots in order to break the deadlock over its proposed bid for the State’s stake in the airline. Photograph: Brian Lawless/PA Wire

Airline company met with Government representatives to break deadlock over bid

A pedestrian walks past the Aer Lingus ticket and customer services desk in the departure hall at Dublin Airport. Photographer: Aidan Crawley/Bloomberg

Coalition statement seeking further guarantees on Heathrow services discussed

Holfeld Plastics’ Arklow plant, which produces plastic packaging for food processors in Ireland and Europe

Company seeks to hire seven staff to cope with increased demand

 Andy McCue,  chief executive, and Cormac McCarthy, chief financial officer, at the Paddy Power results  briefing  yesterday. Photograph: Dara Mac Dónaill.

Andy McCue favours focus on ‘organic growth’ rather than acquisition

Dómhnal Slattery, CEO, Avolon, said the company delivered a strong performance against key financial and operating metrics in 2014. (Photograph: Eric Luke / The Irish Times)

Chief executive Dómhnall Slattery says it has customers committed to leasing 31 aircraft worth $1.6bn

Bookmaker makes €167m profit before tax

Brian O Donnell (right) pictured arriving at the Four Courts with his son, Blake  for a Supreme Court judgement last month. Photograph:  Collins

Solicitor owned office blocks in Dublin, Washington and London

In his first day as the new chief executive of Aer Lingus, Stephen Kavanagh moved to reassure staff over the bid  for the airline from International Airlines Group (IAG). Photograph: Aidan Crawley/Bloomberg

Chief executive Stephen Kavanagh moves to dispel concerns over terms

Peter Barrett, chief executive of SMBC Aviation Capital: the company is one of the top five in the global aircraft finance sector. Photograph: Brenda Fitzsimons

Irish-based leasing giant last year announced deals to buy 195 aircraft

Shelbourne Hotel general manager  Stephen Hanley addresses a staff training workshop. The Irish Hotels Federation is urging the Government to maintain the special 9 per cent tourist industry VAT rate introduced in 2011 to aid recovery in the sector by allowing it to cut costs and compete with the rest of Europe.  Photograph: Frank Miller

Average price expected to reach €109 amid growing demand

North Kildare Chamber of Commerce, which represents local and multinational companies with a combined workforce of 9,300 people and includes food group Kerry, has found 86 per cent of its members have confidence in the Irish economy. Photograph: Dara Mac Dónaill

Chamber of Commerce finds 42 per cent of its members not sure of Government

Fexco site at Killorglin, Co Kerry: expansion in Britain is being driven by the economy recovering and the pound continuing to strengthen. Photograph:  Don MacMonagle

Expansion is Fexco’s second in Britain in the last 12 months

Willie Walsh, chief executive  of International Consolidated Airlines Group SA: has not given up on his group’s proposed €2.55-a-share offer for  Aer Lingus. Photograph: Aidan Crawley/Bloomberg

IAG chief executive says he would be ‘crazy’ to stretch five-year pledge on Heathrow slots

SAS has sold further rights at Heathrow Airport in a deal that will net it $22 million and which follows an earlier sale for $60 million

Deal underscores value of Aer Lingus rights at the airport

The union Siptu will seek assurances on the future of 1,500 Aer Lingus jobs before deciding whether or not to back the bid. Photograph: Alan Betson/The Irish Times

Incoming Aer Lingus chief wants airline to be allowed manage sale of Ryanair 29.8% stake

IAG chief Willie Walsh has already conceded that some jobs could be lost in the Aer Lingus head office and in areas such as IT. Photograph: The Irish Times

Union officials caution members’ job security fears yet to be allayed

Cityjet chief executive, Christine Ourmières-Widener, is stepping down from her role at the independent airline.

Outgoing chief executive oversaw sale to German investor

A Bell helicopter. Waypoint, backed by members of the Soros family, is leasing an Agusta Westland AW139 and a Bell412EP	to Caverton, which will use them to support offshore oil and gas operations.

Deal is Irish lessor’s first in west Africa

Greece’s Alpha Bank AE rallied 17 percent. “Today is a huge relief for the banks, which are a big part of the index, because part of the story is that they will be kept afloat,” said analyst Jean-Paul Jeckelmann Photograph: Alkis Konstantinidis/Reuters

Dublin fails to follow European peers as leading stocks act as drag on index

Incoming Aer Lingus chief executive Liam Kavanagh has said  the IAG deal would boost passenger numbers on the airline’s Heathrow routes. File  photograph: Frank Miller/The Irish Times

Incoming chief executive Stephen Kavanagh says sale would benefit Heathrow routes

 Minister for Transport Paschal Donohoe. A Government demand that IAG guarantee the Aer Lingus slots at Heathrow Airport for a decade is emerging as the main barrier to any deal on the issue.   Photograph: Dara Mac Dónaill/The Irish Times

Government demand on slots emerging as main issue in proposed sale of airline stake

Outgoing Aer Lingus CEO Christoph Mueller said that 2014 was a “very successful for Aer Lingus, with strong performance across our businesses”. (Photograph: Bryan O’Brien/The Irish Times)

Chief executive designate, Stephen Kavanagh, said that before IAG’s approach, Aer Lingus was weighing the possibility of entering (...)

Willie Walsh and Aer Lingus chief executive designate Stephen Kavanagh met outgoing Irish Congress of Trade Unions general secretary David Begg, Jack O’Connor of Siptu and Shay Cody of Impact to discuss IAG’s bid. Photograph: Alan Betson

Union leaders believed to have questioned IAG chief on possibility of job losses

 Kingspan chief executive Gene Murtagh: “I would say that we are done with large-scale acquisitions for the time being. There is a lot of integration involved in those two transactions, that will be our priority.”     Photograph: Alan Betson/The Irish Times

Group to spend about €60m this year on capital projects, less than half of last year

Checking in a for an Aer Lingus flight. The airline’s unions have said that their position is unchanged on IAG’s bid.

Statement by secretary of representative council had sparked speculation that unions had softened stance

Altobridge shareholders believed that its key asset – the intellectual property linked to the technology it was developing – remained valuable despite decision to place it in receivership. Illustration: Thinkstock

Shareholders angry over decision and say firm’s IP is valuable

“Adidas, Boss, Gap, we have seen those names looking to open up stores here”

IPUT seeking finance for investment in range of retail and logistics sites

TDs in constituencies where many Aer Lingus workers live fear losing votes if there is negative fallout from an IAG takeover. Photograph: Aidan Crawley/Bloomberg

Joe Costello among TDs seeking to put forward motion on takeover

As well as its outlets in Cork and Dublin airports, ARI runs duty free stores in Bahrain, Barbados, Canada, Cyprus, Lebanon, Oman, and India. The business has a turnover of close to €880 million a-year.

Operation at state's largest airport will add 230 staff to workforce

Fly Leasing has not supplied any planes to Aer Lingus and Colm Barrington stressed that he would excuse himself from any discussions dealing with such a transaction. Photograph: Matt Kavanagh

Colm Barrington says no conflict arising from role as chief executive of Fly Leasing

Siac’s problems with roadbuilding contracts in Poland forced it to seek High Court protection from its creditors and the appointment of an examiner. Photograph: Dara Mac Donaill

Siac sold interest in 2013 as it faced financial pressure from losses in Poland

Stephen Kavanagh: he stressed that becoming part of the group that owns British Airways (BA), Iberia and Vueling would accelerate the growth Aer Lingus is experiencing on its long-haul services. Photograph: Aidan Crawley/Bloomberg

Stephen Kavanagh highlights Dublin’s potential as hub for north Atlantic traffic

Stephen Kavanagh, Aer Lingus’s new chief executive officer. Photograph: Jason Clarke Photography/PA Wire

Kavanagh knows enough about the airline’s workings to steer it forward

Pádraig Ó Ríordáin: the panel was clarifying a number of issues with the union Siptu and  Ictu. Photograph: MacInnes

DAA chairman has said company’s offer is final and open until March 15th

Builder Michael O’Flynn will keep 500 acres of development sites in Ireland and Britain under the agreement. Photograph: Collins

Carbon Finance to keep properties generating rental income

Unemployment will fall below 10 per cent next year as the Republic’s economy continues growing, according to ratings agency Fitch.

Global banks likely to cut interest rates on future government borrowings

Aer Lingus chairman Colm Barrington said the  the move would have significant benefits for the Republic. Photograph: Alan Betson/The Irish Times

‘Compelling commercial logic’ for airline to become part of IAG, says chairman

 Property developer Michael O’Flynn

Agreement ends dispute between Cork developer and US private equity giant Blackstone

Aer Lingus executive chairman Colm Barrington

Barrington says takeover would reap significant benefits for Republic

The airlines had objected on the grounds that the reduction was not enough

Regulator ordered cuts of 19 per cent over the next five years to €8.68 from € 10.68

Willie Walsh said he was prepared to make a committment that Aer Lingus would continue to operate four flights a-day between Cork and Heathrow and three between Shannon and the London hub. Photograph: Brian Lawless/PA Wire

IAG chief gives extra guarantees before Oireachtas committee

The UK Court of Appeal says Ryanair should cut its stake in Aer Lingus to 5 per cent

Airline may not sell its near 30% holding in Aer Lingus

Ryanair  plans to continue its legal battle against a UK Competition and Markets Authority (CMA) ruling for it to sell most of its 29.8 per cent stake in Aer Lingus. Photograph: EPA

UK Supreme Court rejected airline’s appeal against competition authority decision

IAG chief Willie Walsh: “This is a deal that we want to do.” Photograph: Alan Betson/The Irish Times

IAG chief executive indicates company ‘nowhere near’ walking away from deal

Willie Walsh: claimed IAG’s European network and sales force, combined with that of its US partner American Airlines, would considerably boost the growth already achieved across the Atlantic by Aer Lingus

Walsh says IAG is interested in the potential to develop Dublin as a Europe-US hub

Willie Walsh, chief executive officer of International Consolidated Airlines Group is to discuss his Aer Lingus bid with Minister for Transport Paschal Donohoe.

Donohoe says Government will weigh proposed offer on price and international access

International Consolidated Airlines Group (IAG) chief executive, Willie Walsh, faces a grilling from TDs and Senators on his company’s €1.36 billion bid for Aer Lingus on Thursday. (Photograph: Alan Betson / THE IRISH TIMES)

TDs and senators to grill chief executive on Aer Lingus approach on Thursday

Latest value for national carrier  based on  $60m deal done by Scandinavian airline SAS. Photograph: Alan Betson/The Irish Times

Latest value set to exert further pressure on Coalition over €2.55-per-share for 25% stake

January passenger traffic through Dublin Airport was up across all key destinations on the same month last year, according to Dublin Airport Authority. Photograph : Matt Kavanagh

Almost 1.5 million pass through airport in month, says Dublin Airport Authority

Ryanair and Aer Lingus are planning to proceed with cases against the Government demanding that it repay them millions of euro in travel tax. Photograph: Chris Radburn/PA Wire

Ryanair and Aer Lingus likely to continue actions against Government over travel tax

Analysts warned that now that the European Central Bank had decided to use its veto on Greek bonds, a solution to the country’s debt crisis had to be found quickly.

Bank of Ireland and CRH down with slight falls also for Aer Lingus and Ryanair

Case concerned now-defunct travel tax imposed by the State in 2009 Photograph: EPA

Ruling has saved Ryanair €12m and Aer Lingus €4m

Government sources remain sceptical over the likelihood of the Cabinet approving the sale of the State’s 25.1 per cent stake in Aer Lingus. Photograph: Cathal McNaughton/Reuters

Airline may face action after benefits cut in January

British court of appeal judgment could have ramifications for IAG €1.36 billion approach to buy Aer Lingus, as Ryanair is the biggest shareholder in its fellow Irish carrier. Photograph: Andy Rain/EPA

Both sides are expected to appeal if verdict goes against them

IAG has been discussing its proposal to pay €1.36 billion for Aer Lingus. Photograph: Brian Lawless/PA Wire

Takeover panel rules apply only to the companies involved in the proposed deal

IAG’s Irish chief executive, Willie Walsh, said the group’s offer of a veto “would give the Irish Government an important role that they do not have today in securing the future of Aer Lingus”. Photograph: Alan Betson

Dublin, Cork and Shannon businesses would share blocking power with Government

The move is part of a two-year cost-cutting and restructuring plan introduced by outgoing chief executive Christoph Mueller in 2013. Photograph: Alan Betson/The Irish Times

Voluntary redundancies sought from 4,000-strong workforce

Estimates of the values of Aer Lingus’ Heathrow slots  range from around €400 million to figures as high as €900 million.

Move designed to convince Government to allow sale of State’s stake to airline’s suitor

Ryanair raised its net profit guidance for the fifth time this year on Monday, up from € 810m-€ 830m to a range of € 840m-€ 850m, on the back of lower oil prices and stronger traffic. Photograph: Alan Betson / THE IRISH TIMES

Airline expects modest growth in 2016 due to fuel hedging policy; says it will ‘carefully consider’ any offer it should receive fr(...)

Michael O’Flynn (above) and Blackstone ended up in court after Blackstone vehicle Carbon Finance attempted to appoint receivers to the O’Flynn Group. Photograph: Sasko Lazarov/Photocall Ireland

Property-related debts deal will end row that began last July

The approval means that Dublin-listed Dalata can now move to take over nine Moran Bewley hotels in Ireland and Britain.

Dublin-listed hotel group can now move to take over nine hotels in Ireland and Britain

An Aer Lingus plane passes a British Airways aircraft on the runway at London Heathrow – Aer Lingus owns 23 landing and take-off slots at the airport, worth between €770m and €925m.Photograph: Matthew Lloyd/Bloomberg

Coalition keen to protect slots as they are vital commercial links for State

Transport and tourism committee told regulators may tell merged airlines to dispose of eight slots at London airport

Competition authority clears way for Dalata’s purchase of the Moran Bewley hotel group.

Dalata gets green light to buy nine hotels

British Airways and Spanish carriers Iberia and Vueling  are operated by International Consolidated Airlines Group  (IAG). Photograph: Chris Ratcliffe/Bloomberg

In the first nine months of last year it made €1.13bn profit

There are worries Aer Lingus will lose its independence and  be swallowed up by IAG,  one of Europe’s biggest airlines

Irish Government is likely to raise a number of concerns with IAG

Heathrow is operating at close to full capacity and is unlikely to be able to expand for at least the next decade.

Aer Lingus has 24 of them, worth about €400m

Checking in at Heathrow. The Irish Hotels Federation has urged the Government to do everything in its power to ensure that Aer Lingus keeps its Heathrow landing slots in the long term.

Tourism body calls for Heathrow rights to be protected

Donohoe says proposed sale of airline to IAG will be referred to a special expert group

Eleven members of the Aer Lingus board will decide whether to recommend any offer  from International Consolidated Airlines Group to its shareholders and thus pave the way for a sale. Photograph: Artur Widak/PA

Trade unionist David Begg’s extended term on Aer Lingus board ended just last week

Radisson Blu Hotel on Golden Lane in Dublin: four-star hotel was said to be trading well when the loans were sold in December. Photograph: Eric Luke

Radisson Blu on Golden Lane, offices and units in Athlone, Galway included

The Aer Lingus board  is due to recommend in the morning  that shareholders - including the Government and Ryanair - accept IAG’s €1.36bn bid for the airline

Statement expected to recommend that shareholders - including Government and Ryanair - accept €1.36bn bid

IAG, which already owns British Airways and Spanish carriers Iberia and Vueling, twice approached Aer Lingus in December. Photographer: Chris Ratcliffe/Bloomberg

Airline’s board urges shareholders to take no action after confirming third IAG approach

Heathrow is likely to loom large in any talks between IAG and Minister for Transport Paschal Donohoe and his cabinet colleagues, who will decide the fate of the Government’s 25.1 per cent stake. Photograph: Chris Ratcliffe/Bloomberg

The 24 slots at Heathrow, said to be worth €400 million, are a big draw

Based on analysis of Central Bank data, Bank Of Ireland says it continues to be the main provider of credit to smaller firms, accounting for more than 50 per cent of new non-property lending. Photograph: Frank Miller

Bank approved 88 per cent of almost 61,000 loan applications received

Lloyds Pharmacy managing director Goretti Brady.  Photograph: Aidan Crawley

Sales during 2014 Christmas season up 18% year on year, says company

Minister for Transport Paschal Donohoe said the Government would look at any offer for Aer Lingus from the perspective of its value and potential impact on the Republic’s links with the rest of the world. Photograph: Brenda Fitzsimons

Shareholders believe strong results could see offers of €2.60 to €2.70

Aercap chief executive Aengus Kelly.

Irish rules on withholding tax mean move saved company €200m

Aer Lingus is expected to recommend a takeover bid from IAG, the owner of British Airways and Spain’s Iberia. IAG’s €2.50 a share cash takeover approach marks its third bid in just over a month

Potential impact on international links to be examined

Traders work at their screens in front of the German share price index DAX board at the stock exchange in Frankfurt yesterday. Photograph: Pawel Kopczynski/Reuters

Iseq reflects European positivity with most of its leading shares making good ground

CRH chief executive, Albert Manifold, wants to buy into cement in emerging markets.  Photograph: Eric Luke/The Irish Times

Irish group in race to do €6bn cement deal

Peter Barrett, chief executive of SMBC Aviation Capital. “We have placed two large orders in the last 12 months, so that’s really a significant vote of confidence in our business.” Photograph: Brenda Fitzsimons/The Irish Times

Having placed record orders with Boeing and Airbus, SMBC’s chief executive Peter Barrett says the company is now fourth in aircr(...)

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