Ryanair today retains a 30 percent stake in Aer Lingus, while the government holds 25 percent.
Ryanair — which has made two unsuccessful bids for Aer Lingus — is the largest shareholder in Aer Lingus with a 29.8% stake.
Ryanair, Europe's largest budget carrier, first took a stake in Aer Lingus in 2006 and subsequently tried to acquire the airline.
The actual airlift component will be facilitated through the establishment of a new semi-state company to be called Aer
You may recall Aer Lingus management said at the time of the airline's listing last month it planned to raise ticket prices rather than cut jobs - fat chance of raising fares with Ryanair as a competitor.