Aer Lingus privatised - what next?
Well, EI has begun trading on the stock market, today - 27th Sept 06 - and not before time. Trading began at EUR2.10 and it has been climbing a bit since - not sure what the price is right now.
What is the process from here? The airline is expected to raise some EUR500m from the floatation and use that to fund its long term fleet acquisitions; does anyone know how long this process is likely to take; some have said (I think in The Times) that the airline might wait two years, but I think that's unlikely - particularly as the investment community wouldn't have it.
Presumably, we're likely to see a spate of announcements from next month (if not even sooner)?