ANALYSIS: Hurdles remain for IAG in Aer Lingus bid

When the Irish government decided to accept IAG's offer for its 25% stake in Aer Lingus, it ended months of tense negotiations and shuttle diplomacy between the two sides.

IAG chief executive Willie Walsh summed up the current position perfectly when he told analysts yesterday:

"Clearly, there is a long way to go, but getting [the] agreement of the Irish government is a significant first step

in the process."