British Airways owner International Airlines Group revealed Thursday that it had made an informal takeover approach for Aer Lingus, but added that the Irish carrier had rejected its proposal.
"International Consolidated Airlines Group notes the recent movement in the share price of Aer Lingus and confirms it submitted a proposal to make an offer for the company, which has been rejected by the board of Aer Lingus," IAG said in a brief statement that gave no indication of price.