Tuesday, May 19, 2009

Aer Lingus board appointment

Aer Lingus today announced the appointment of Mr. Leslie Buckley as  a non executive director of the Board. He has been nominated to the position by the Minister for Finance. Mr. Buckley is a close associate of Denis O'Brien, being a founding director of Esat Telecom, Esat Digifone in Ireland and also of Digicell in the Caribbean and Central America, all of which were the brainchild of Denis O'Brien. He is also a director of Independent News and Media where Denis O'Brien holds in excess of 20% of the company's stock. 
Denis O'Brien was a vociferous opponent of Ryanair's first attempted takeover of Aer Lingus and built up a 2.27% shareholding in the airline in an attempt to thwart Ryanair's bid. 
Is Denis O'Brien the 'friendly' investor that Aer Lingus chairman Colm Barrington has spoken of trying to attract to take a shareholding in the airline ? 

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