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Business And Finance: Aer Lingus board meets Brennan to discuss the future.

Europe Intelligence Wire

| October 31, 2002 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From The Irish Times)

The privatisation of Aer Lingus is likely to be discussed today when the airline's board meets the Minister for Transport, Mr Brennan.

The State airline expects a '40 million profit this year on sales of '1.2 billion in a sharp turnaround from its original projection of a '130 million loss made after the attacks on the US in September last year.

But while a Government decision sanctioning the sale of up to 85 per cent of the firm remains in place, it is thought that any discussion on whether to proceed with the process will not be made until the new year when the company's financial result for 2002 is confirmed.

Aer …

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