Aer Lingus flotatation unfolds

The Irish government is going to retain a 28% holding in Aer Lingus as the company is floated on the London and Dublin stock exchanges.Shares are being offered at €2.20 (£1.47), with the carrier valued at €1.13bn. Aer Lingus will earn €534m from the deal, which will help the airline to cover the cost of a new fleet, while the Irish government will get €200m.