According to the carrier’s annual report Christoph Mueller had over 700,000 shares as of 31 December and had options to buy a further one million shares at a knock-down price.

The shares Mr Mueller currently owns are worth €1.8m at IAG’s current offer price while the options would be worth a further €2.55m if IAG's €2.55 a share bid for Aer Lingus, national flag carrier of Ireland, goes ahead, the Irish Times reports.

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