Markets News Afternoon: Ryanair seeks Government answer on Dec 2008 Aer Lingus offer rejection; Trichet in no rush to hike rates
Oct 8th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Market news on stocks, currencies and oil; Ryanair, the Irish low-cost airline, on Thursday called on the Department of Transport, to explain why it rejected Ryanair's December 2008 offer for the former State airline Aer Lingus , which guaranteed to double the size of Aer Lingus' short-haul fleet and create 1,000 new jobs in the airline over a five year period. Also today, European Central Bank President Jean-Claude Trichet said that current interest rates are “appropriate,” signaling that the ECB is in new rush to tighten policy yet as a fragile recovery bumps ahead in the Eurozone economy.