Aer Lingus says that the stake of it that is owned by Ryanair, some 29 per cent, is deterring would-be investors, including British Airways and United Airlines.
Christoph Mueller, Aer Lingus’ chief executive, said airlines had cited the large Ryanair stake as a reason why they could not invest. The airline is keen to attract interest as it is currently running at a loss and is looking to join a strategic alliance such as the ‘oneworld’ group of airlines.
Mueller went on to say they would be moving away from the budget airline approach of recent times, believing there is nothing to be gained from it.