Thanks but no thanks

RYANAIR will not be entering Enaire or buying shares in airports company Aena SA. Enaire is the 100 per cent government owned company that has Aena as a subsidiary. The Spanish government is part-privatising the subsidiary by making 49 per cent available to the public.

Last June the Irish-owned airline, turned down in the past by Ferrovial for a share in London-Gatwick, revealed it was “seriously interested. It was considering either the 21 per cent to be split among at least three majority shareholders or the 28 per cent offered to private investors.

At the beginning of September the company’s marketing director Kenny Jacobs claimed they were still interested. A decision would be reached over the coming weeks following talks between Ryanair’s president Michael O’Leary and the board, he said. That decision was finally reached with Ryanair scratching its name from the list of candidates one day before the deadline.