 As a 6-week consultation process began, Mueller refused to rule out further cuts in the future.On 1 December 2008, Ryanair launched a second takeover bid of Aer Lingus, making an all-cash offer of €748 million (£619mil; US$950mil).The €1.40 offer was a 28% premium on the average closing price of Aer Lingus stock during the 30 days to 28 November 28 (€1.09), but half what Ryanair had offered in 2006.