Reuters: Deals: Jet Blue in talks to buy Aer Lingus stake-paper

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Jet Blue in talks to buy Aer Lingus stake-paper Mar 12th 2012, 07:55 Tweet Share this Email Print Related News Jet Blue in talks to buy Aer Lingus stake-paper 3:47am EDT Blow for Qantas as talks with Malaysian Airlines end Fri, Mar 9 2012 UPDATE 2-Air France-KLM sees tough 2012 as fuel costs soar Thu, Mar 8 2012 China-backed HK Airlines may dump A380 order -paper Thu, Mar 1 2012 UPDATE 3-China-backed HK Airlines may dump A380 order -paper Thu, Mar 1 2012 Analysis & Opinion Why 100 pct FDI could save India's Kingfisher India, Pakistan find common cause in shoddy national carriers Related Topics Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Jet Blue airplanes are see at JFK Airport in New York February 15, 2007. Credit: Reuters/Jacob Silberberg DUBLIN | Mon Mar 12, 2012 3:55am EDT DUBLIN (Reuters) - U.S. airline JetBlue (JBLU.O) has spoken to the management of Aer Lingus (AERL.I) about the possible purchase of a stake in the Irish airline, the Irish Times newspaper reported on Monday, citing informed sources. The Irish government has said it is considering selling its 25 percent stake in the airline as part of a privatization drive required under its European Union/International Monetary Fund bailout. The stake is valued at about 115 million euros ($150 million) based on the Irish carrier's current market capitalization of 461 million euros. The newspaper said JetBlue is the Aer Lingus management's preferred trade investor due to the similarities of the carriers' low-cost business models and the fact they do not compete on any routes. The two airlines have operated a sales agreement since 2008. Neither airline immediately responded to emailed requests for comment on the report. ($1 = 0.7622 euros) (Reporting by Conor Humphries; Editing by Mark Potter) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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