Industry analysts believe that in order for the IAG approach for Aer Lingus to be considered realistic, it would have had to be in the region of €1 billion, or about €1.87 per share. Photograph: Alan Betson

The bid to buy Aer Lingus by rival group International Consolidated Airline Group (IAG) could have valued the Republic’s flag carrier at at least €1 (...)

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. (...)

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(...)

British Airways owner International Airlines Group reported a 55 per cent rise in second-quarter operating profit today, mainly due to a recovery at Spanish airline Iberia. Photograph: Steve Parsons/PA Wire

British Airways owner International Airlines Group reported a 55 per cent rise in second-quarter operating profit today, mainly due to a recovery at S(...)

German airline Lufthansa slid the most since September 2001 after lowering operating-profit estimates for this year and next. Photograph: Jasper Juinen/Bloomberg

European stocks fell from a six-year high as companies including Deutsche Lufthansa and Vallourec cut their profit forecasts. German airline Luftha(...)

Willie Walsh: “I see my role as supporting and challenging John Corrigan [NTMA chief executive] and his management team.”

International Airlines Group (IAG) chief executive Willie Walsh says he will not “change his style” when he takes the helm at the board responsible fo(...)

Minister for Transport, Tourism and Sport Leo Varadkar says he does not favour selling the State’s 25 per cent Aer Lingus stake  “at the moment”. Photograph: Eric Luke

The Government has cooled on proposals to sell the State’s 25 per cent Aer Lingus stake and is not likely to pursue any such deal unless a bidder meet(...)

 Minister for Transport, Tourism and Sport Leo Varadkar.

Minister for Transport Leo Varadkar has all but ruled out any sale of the State’s 25 per cent stake in Aer Lingus saying it is difficult to see the(...)

A leading European airline group has denounced Italian plans to rescue Alitalia as illegal yesterday as shareholders were due to vote on a capital in(...)

IAG made a pre-tax loss of €506 million in the six months to June 30th following one-off costs from an overhaul which has so far seen the loss of 1,700 Iberia staff. Photograph: Steve Parsons/PA Wire

International Airlines Group said the revamp of its Spanish carrier Iberia was starting to bear fruit as the group swung to a quarterly profit, sendin(...)