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THE GOVERNMENT IS now unlikely to sell-off its 25 per cent holding in Aer Lingus in the immediate future after Minister for Public Expenditure and Reform Brendan Howlin said market conditions are not right at the moment.
Speaking to the Oireachtas Finance and Public Expenditure and Reform Committee last night, Howlin said that investigations into Ryanair’s 29.8 per cent shareholding in Aer Lingus and its attempts to takeover over its rival have complicated matters.
Under the memorandum of understanding with the Troika, the government agreed to sell-off a number of State assets to raise as much as €3 billion to pay down debt, but already the proposal to sell-off the state forestry agency Coillte has been shelved.
“At the present moment, however, it is the Government’s view that optimal conditions do not exist for a sale of the Government’s remaining shareholding just now,” Howlin said yesterday.
“Nevertheless, the Government remains open to considering opportunities to dispose of its shareholding and will, in the meantime, continue to manage the holding in a responsible manner in order to protect the State’s interests and with the aim of maximising its value.”
Despite shelving plans to sell-off Aer Lingus and Coillte, the government has committed to the formal sale process of Bord Gáis Energy which could raise as much as €1 billion.
Half of all the money raised from the State asset sale is expected to pay down debt with the government claiming that the other half will be used for job creation measures.
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Sounds idilic but what about employment?
@David Grey: and is there many single women there.. Another important question
@David Grey: nail, head
Married and willing would do too
@Peter King: Yep, Mayo is known for its nail head factories. Plenty of employment there
@David Grey:
You’ll be far to busy making fire and building shelters than worrying about employment. Scavenging wild mushrooms and berries for breakfast, trapping wild grouse and distilling your own urine. Won’t be enough hours in the day as it is.
@David Grey: How about creating your own job?
@Acedeuce: Fleeced with them, if you get my drift.
@Tweed Cap: you should see the magic mushrooms coming up after the rain the last few days. Happy days.
When Sam goes .. I’ll go!
What are the broadband speeds like?
@Peter King: and is there shopping delivery
There hasn’t been a band around in years , since they closed the hall
@Peter King: somewhere between “slow” and ” what’s broadband??”…..basically like all of rural Ireland
achill island. now that is a place i;d like to live
@Just Some Guy: You haven’t been then? Went there for long weekend in our camper van left after one day!
Skangers need not apply. If only
Moved from London to remote Mayo, I’m able to work from anywhere and it made sense when we had a kid, 20 years living in NW London to the remote west of Ireland was a daunting thought, but it was amazing, also commuted regularly back to the city via Knock, it was a breeze and much quicker than getting to Dublin, a fantastic place to live, no longer there as I need to engage with Dublin and we’re still figuring out some vital assistances for ‘rural’ Ireland, transport, broadband, etc. It’s maddening how small the island is and how we’ve not yet mastered our way around it, don’t suppose it would be very rural/remote if we did.
Take 3 generations to be fully accepted by the community
Till you look at the world it all a con , control and greed by a few. Ireland is tiny with a small population , it could be great country throughout for all. Even if we took a small percentage of the people that seek work in the UK our economy could grow.
Be there in a minute, hang on
Land of The Yews…….
Moving home is not a simple solution or an easy thing to do . You have to leave behind your families and friends . In short you have to leave behind your support system !
@Frank Dubogovik: FYI,broadband speeds here in Westport faster than most areas in Dublin
Pardon my language but $uck Los Vegas ours is real
Agreed. Though Westport may be the exception rather than the rule, its broadband speed is well ahead of the norm.
Not to mention the fantastic social life!
have your say