Originally Posted by racedo
Ryanair have written down the value of their stake in Aer Lingus to pretty much nothing so a sale at anything above that is profit.
They haven't written it down to nothing, its clearly still worth ~€150 million at current share prices, but they have conceded they'll never get their money back. While they won't get offered anything close to what they paid for their stake, they'd be stupid not to try maximise the value from any sale of their 29% stake.