Ryanair to sell 30% Aer Lingus stake to IAG

London

BUDGET airline Ryanair said it would accept International Airlines Group's offer for its stake in Aer Lingus, paving the way for the British Airways-owner's 1.3 billion euro (S$2 billion) takeover of the Irish carrier to go ahead.

European Union approval for the deal is now the last remaining hurdle to IAG's plan to buy Aer Lingus and expand capacity on lucrative transatlantic routes by building a new hub at Dublin airport.