Aer Lingus has Heathrow slots that could appeal to Willie Walsh-led IAG Photograph: Frank Miller/The Irish Times

Aer Lingus shares surged by as much as 15 per cent on news that it had rebuffed a possible takeover approach from IAG, owner of rival British Airwa(...)

IAG said there was no certainty that it would make another approach

Aer Lingus said it rejected a takeover proposal from British Airways parent IAG because it “fundamentally” undervalued the airline and its prospects. (...)

People wait at Terminal 5 of Heathrow Airport after  dozens of flights were cancelled. Photograph: Steve Parsons/PA Wire

A system failure affecting air traffic control workstations was to blame for disruption to thousands of passengers coming in and out of Britain’s big(...)

Irish-Swiss food group Aryzta was the star performer, rising €2.11 or 3.3 per cent to €65.36, following positive first-quarter results earlier in the week. Photograph:Cyril Byrne/The Irish Times

European shares rose again despite surveys that showed the euro zone economy may face another contraction. Investors looked to a European Centr(...)

OpenJaw will add more than 30 international travel brands to GuestLogix customer base including British Airways. Photo: PA Wire

GuestLogix, a global provider of payment technology solutions for airlines and travel brands, is to acquire Dublin-based OpenJaw Technologies for $41.(...)

Ryanair chief executive Michael O’Leary: “Being nice to people doesn’t come naturally to me.” Photograph: Reuters

Ryanair chief executive Michael O’Leary has criticised the Irish taxation system, saying the government needs to address the unfair and undue tax burd(...)

According to CityJet chief executive Christine Ourmières, the airline’s new owner wants the business to be financially independent

Irish airline CityJet lost nearly €39 million last year ahead of its sale by parent company Air France to German operator Intro Aviation, according t(...)

British Airways owner IAG laid out plans to pay a maiden dividend, coming of age three years after it was created in a merger between BA and Spain’s Iberia. Photo: PA Wire

British Airways owner IAG laid out plans to pay a maiden dividend, coming of age three years after it was created in a merger between BA and Spain’s I(...)

Flying high: Aer Lingus finished up 3.14 per cent at €1.48, while Ryanair surged 7.66 per cent to €8.18. Photograph: Niall Carson/PA Wire

US stocks fluctuated, after a monthly advance pushed benchmark indexes to records, as growth in manufacturing reinforced strength in the American eco(...)

Ryanair chief executive Michael O’Leary said Scandinavian Airlines, Alitalia and Air Berlin are among carriers he expects to shrink or merge, promptin(...)