# Wednesday, December 3, 2008

Ryanair have launched a new bid for rival airline Aer Lingus. Ryanair already owns nearly 30% of Aer Lingus following an earlier failed takeover attempt. They have offered to pay 1.40 Euros a share for the remaining shares. Ryanair made its first take over bid in October 2006 but this was opposed by the company and rejected by the shareholders. However, the deputy chief executive of Ryanair has said that the aviation industry has changed immeasurably since 2006. In order to be successful Ryanair will need the support of the Irish government which currently owns 25% of Aer Lingus and which has previously rejected Ryanairs offers.