(MENAFN) Aer Lingus has rejected a takeover offer from the owner of British Airways, which is keen to gain control of the Irish airline's slots at London's Heathrow Airport, Oman Observer reported.
The Financial Times reported that British Airways-owner International Consolidated Airlines Group (IAG) was considering a takeover bid of the Irish carrier Aer Lingus.
Aer Lingus said the offer undervalued its business, as the acquisition would give British Airways more takeoff and landing slots at London's Heathrow Airport, a key hub for profitable long-haul routes.
Any acquisition of Aer Lingus would need the backing of budget Irish carrier Ryanair, which owns a 29.9 percent stake in Aer Lingus and the Irish government which owns 25 percent of the carrier.
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