Pilots buy more shares in move to block Ryanair takeover
A company representing Aer Lingus pilots has bought up more shares in the airline today as part of an attempt to block a takeover by Ryanair.
The Irish Airline Pensions company has acquired 300,000 more shares, taking its total stake to 2.24%.
The company is hoping to secure enough shares to prevent Ryanair from being acquire a controlling stake in the national carrier.
The no-frills airline has already bought up around 20% of the shares and is offering €2.80 per share for the remainder.
