The Irish government today agreed to support British Airways, Iberia and Vueling parent International Airline Group’s bid for Aer Lingus. The sale is dependent on Ryanair agreeing to sell its 30% stake.

IAG has guaranteed to maintain the Aer Lingus brand and Dublin Head Office. Aer Lingus’ London Heathrow slots will remain under Aer Lingus control in perpetuity. The current London Heathrow – Dublin, Shannon and Cork Winter and Summer schedules to operate for a minimum seven years. Other London Heathrow slots, currently used for Belfast City services, will be used on services to airports on the island of Ireland for a minimum of five years.

Aer Lingus will rejoin the OneWorld Alliance and will join the current British Airways, American Airlines, Iberia trans-Atlantic joint venture with two new trans-Atlantic routes to added from Dublin next year and a further two by 2020.