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10/12/2008
Ryanair 'Flagging' Says Air Lingus Chief
The Aer Lingus boss has claimed that his airline would be "damaged" by a merger with Ryanair.
Chief Executive Dermot Mannion said that the Ryanair boss Michael O'Leary was pursuing the takeover as the Ryanair brand was "beginning to flag".
Ryanair confirmed today that it was closing its flights to and from the popular holiday destination of Fuerteventura from January due to a dispute with a local tourism group and is considering legal action.
Speaking today, Ryanair's Michael Cawley, said: "This is a very black day for Fuerteventura and one which will have a severe impact on tourism and the livelihoods of its islanders."
The claims by Mr Mannion comes following an announcement that Aer Lingus was planning a hefty defense against Mr O'Leary's advances for a takeover.
The airline hopes to use it's recently secured savings following negotiations with trade union officials to rebut the €780 million takeover bid by Ryanair.
Aer Lingus claims the price-tag seriously undervalues the company, while remaining confident such a takeover would be unsuccessful anyway, as the bid could be in breach of European monopoly regulations.
(DW/JM)
Chief Executive Dermot Mannion said that the Ryanair boss Michael O'Leary was pursuing the takeover as the Ryanair brand was "beginning to flag".
Ryanair confirmed today that it was closing its flights to and from the popular holiday destination of Fuerteventura from January due to a dispute with a local tourism group and is considering legal action.
Speaking today, Ryanair's Michael Cawley, said: "This is a very black day for Fuerteventura and one which will have a severe impact on tourism and the livelihoods of its islanders."
The claims by Mr Mannion comes following an announcement that Aer Lingus was planning a hefty defense against Mr O'Leary's advances for a takeover.
The airline hopes to use it's recently secured savings following negotiations with trade union officials to rebut the €780 million takeover bid by Ryanair.
Aer Lingus claims the price-tag seriously undervalues the company, while remaining confident such a takeover would be unsuccessful anyway, as the bid could be in breach of European monopoly regulations.
(DW/JM)
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02 June 2009
Ryanair Flies Low
The budget airline Ryanair has revealed financial returns showing a major nosedive in operating profits. Ryanair plunged into the red by €169.2 million (£145.9m) in the year to March after being hit with a 59% hike in its fuel bill.
Ryanair Flies Low
The budget airline Ryanair has revealed financial returns showing a major nosedive in operating profits. Ryanair plunged into the red by €169.2 million (£145.9m) in the year to March after being hit with a 59% hike in its fuel bill.
18 July 2012
Aer Lingus Want Shareholders To Reject Ryanair Takeover Bid
Aer Lingus has called on its shareholders to reject the Ryanair takeover offer. Ryanair submitted a formal takeover for Aer Lingus yesterday with an offer of €694m. However, Aer Lingus has said it believes Ryanair’s offer "fundamentally undervalues Aer Lingus and represents a significant discount to the intrinsic value of the business".
Aer Lingus Want Shareholders To Reject Ryanair Takeover Bid
Aer Lingus has called on its shareholders to reject the Ryanair takeover offer. Ryanair submitted a formal takeover for Aer Lingus yesterday with an offer of €694m. However, Aer Lingus has said it believes Ryanair’s offer "fundamentally undervalues Aer Lingus and represents a significant discount to the intrinsic value of the business".
09 December 2008
Aer Lingus Knuckles Down Over Ryanair Offer
Aer Lingus is fortifying its defences against the bold approach from Ryanair last week. The airline's Chief Executive Dermot Mannion has announced the recent union agreement will mean the loss predicted for the end of year could be turned around due to its expected €50 million in cuts.
Aer Lingus Knuckles Down Over Ryanair Offer
Aer Lingus is fortifying its defences against the bold approach from Ryanair last week. The airline's Chief Executive Dermot Mannion has announced the recent union agreement will mean the loss predicted for the end of year could be turned around due to its expected €50 million in cuts.
02 December 2008
Government Looks Seriously At Aer Lingus Offer
The Irish Finance Minister Brian Lenihan (pictured) is said to be having a "serious look" at a fresh multi-million euro offer for Aer Lingus from its rival Ryanair - even though the airline itself has publicly ruled the bid out. Ryanair boss, Michael O'Leary has been actively trying to take over Aer Lingus for sometime, offering €1.
Government Looks Seriously At Aer Lingus Offer
The Irish Finance Minister Brian Lenihan (pictured) is said to be having a "serious look" at a fresh multi-million euro offer for Aer Lingus from its rival Ryanair - even though the airline itself has publicly ruled the bid out. Ryanair boss, Michael O'Leary has been actively trying to take over Aer Lingus for sometime, offering €1.
19 October 2007
Ryanair Hits Out As Aer Lingus Takes Flight
With Aer Lingus proceeding with its plan to close the Shannon-Heathrow route and open a new Belfast hub instead, its biggest rival (and ironically, its biggest shareholder), Ryanair is now set to provide three additional daily flights to London to ensure Shannon Airport's capacity and traffic does not fall as a result of this Aer Lingus closure.
Ryanair Hits Out As Aer Lingus Takes Flight
With Aer Lingus proceeding with its plan to close the Shannon-Heathrow route and open a new Belfast hub instead, its biggest rival (and ironically, its biggest shareholder), Ryanair is now set to provide three additional daily flights to London to ensure Shannon Airport's capacity and traffic does not fall as a result of this Aer Lingus closure.
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Ireland WeatherThis Evening and Tonight:A dry evening with late sunny spells and some long clear spells overnight. Becoming cloudier across the north towards dawn with a few showers possible. Touch of frost in south. Minimum temperature 0 °C.
