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Ryanair demands EGM of Aer Lingus shareholders

06/01/2009 - 17:22:51
Ryanair has demanded an extraordinary general meeting of shareholders at Aer Lingus, amid ongoing controversy over its takeover bid.

It follows revelations that Aer Lingus boss Dermot Mannion has secured a new contract that will pay him a €2.8 million bonus if he leaves the airline following a hostile takeover from Ryanair.

The no-frills airline said that it is deeply concerned by the move, and wants the issue addressed immediately.

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