Aerlingus is under threat of being taken over by Ryanair. Ryanair launched a takeover bid of Aerlingus' shares, in an effort to acquire more than 50% of Aerlingus shares.
I strongly hope that Ryanair is not successful in its takeover manouvre, for a number of reasons.
First and foremost, having two great low-cost air carriers is certainly good for customers. Customers can only benefit from competition between the two airlines. Ryanair and Aerlingus happen to compete on many airport and routes that I frequently use, with obvious advantages to my finances.
The Dublin-Milan route is serviced by both airlines, and having two companies competing with lower rates, promotional offers, and ticket sales makes flying home to see family and friends cheap and fun.