Flotation advisers are confirmed

The Government has confirmed that AIB Capital Markets and Salomon Smith Barney have been selected as financial advisers and joint…

The Government has confirmed that AIB Capital Markets and Salomon Smith Barney have been selected as financial advisers and joint global co-ordinators for the flotation of Aer Lingus, which is expected to raise in excess of £500 million (€635 million).

Aer Lingus will also be holding a combined offer, whereby it hopes to raise an additional £150-£200 million. Its own adviser, IBI Corporate Finance, will also be working on the offering.