Aer Lingus Chief Executive Stephen Kavanagh has moved to reassure employees that if the International Airlines Group bid for the airline goes ahead, growth opportunities will continue to be delivered under current employment terms and conditions.
In a bulletin to staff issued this morning, Mr Kavanagh tells employees that he sees the IAG bid as an endorsement and vote of confidence in what the airline has achieved in recent years.
He reiterates the board's view that the combination of Aer Lingus and IAG has a compelling strategic rationale and will deliver significant benefits to all stakeholders in Aer Lingus.
Mr Kavanagh says that increased access to global markets will accelerate and increase growth prospects - particularly in areas like ground handling, flight operations, in-flight services, maintenance and many support functions.
He states: "Such growth opportunities will continue to be delivered under current employment terms and conditions and be governed by existing collective agreements."
Unions have sought guarantees regarding job security and have voiced fears that terms and conditions could be eroded following a takeover.
Mr Kavanagh says that in a combination with IAG, Aer Lingus would benefit from the revenue that would flow from membership of the Atlantic Joint Business with British Airways and American Airlines and broader one world Alliance.
He notes that Aer Lingus would retain its brand, location and independence as an operating company within IAG - while benefiting from all the cost advantages of scale that such a combination would deliver.
He says the 2014 preliminary results - which show profits up 18% to €72m - demonstrate the underlying strength of the business.
Mr Kavanagh cites the continued expansion of transatlantic routes, resilient short haul performance, and improved contribution from cargo and contract flying units as providing the airline with a strong foundation.
However, he warns that the immediate challenge is to maintain and improve profitability through 2015 and beyond.
He says that as a demand-led business Aer Lingus must compete for customers on a daily basis, and asks employees to continue focus on delivering best in class customer service and cost management.
He says that he will work diligently to achieve those goals.
Mr Kavanagh concludes by saying that he will continue to meet with staff and other stakeholders to communicate what he believes to be the compelling rationale for a combination with IAG.
However, he notes that this does not detract from their ability to grow a strong Aer Lingus on a stand-alone basis, adding that they have proven their ability to do this.
He says that it simply reflects the significantly increased opportunity for accelerated growth and success that a combination with IAG would deliver.
Mr Kavanagh also notes that the combination with IAG reduces the risks associated with accessing such growth.
Taoiseach: Options under continuous observation
Taoiseach Enda Kenny has said the options regarding the sale or retention of the State's shareholding in Aer Lingus are matters that are under continuous observation.
Speaking in Castlebar, Enda Kenny said Minister for Transport Paschal Donohoe had not been in a position to recommend the sale to the Cabinet last week and that - as of now - there was no change in that view.
He said Mr Donohoe was monitoring the situation and would revert to Government if things changed.
The Taoiseach said it was his understanding that Mr Walsh wanted to "consider he position somewhat further".
Mr Kenny said the Government would wait to see what might emerge as a result of that.
He said there was no time-frame for a conclusive decision but that "you can't let these things drag on for too long".
Commenting on the IAG bid for Aer Lingus, Agriculture Minister Simon Coveney said the ball is now in IAG's court.
He said his Cabinet colleague Minister Donohoe has made it clear that what is on offer is not enough to persuade the Government to sell its stake but Minister Donohoe is open to offers.
Minister Coveney would not comment on the Labour Party motion setting out conditions for any sale of the Government's stake, only to say that it was not unexpected.
He added that if Labour has concerns they will be discussed at Cabinet but ultimately, it will be a Government decision.
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