Ryanair hits out at Aer Lingus

RYANAIR attacked the board of Irish airline Aer Lingus yesterday, demanding it ask shareholders their views on three issues in a bid to rebuild value at the company.

Ryanair, currently one of the biggest shareholders in Aer Lingus, said investors should decide whether they receive an €0.20 per share special dividend to compensate for the firm’s 80 per cent loss of value since 2007.

It said investors should also be asked their views on a halt on payments into the firm’s pension fund, which is running a large deficit.