The attempt of our airlines €1.4bn (£1bn) to take over Aer Lingus is not a must deal, claimed head of British Airways-owner International Airlines Group. This comments resulted after their bid of buying 25pc in the Irish flag carrier were knocked by Dublin government.

Aer Lingus’s management backs IAG proposal as they claim it would be beneficial to the customers. Walsh claimed the deal was not more important for IAG after they reported rise in their annual revenues and rise in the number of passengers

IAG flies High and Aer Lingus Deal is not a MustIberia and British Airways came together in 2011 to form IAG and the group result have been dragged by the Spanish airlines.

An increase in the performance of the group was due to cost controls, increased productivity and the cheaper fuels. IAG expects their operating profit to hit above €2.2bn in 2015 at the current fuel prices

IAG shares have rose by over 50pc over the past six months which has been welcomed by investors.