DM spoke on RTEs news programme tonight with the following mantra....
"They[investors] like the Aer Lingus value proposition, we are different to other LCC's, we offer a better product and there is a premium associated with that[service] and thats the key to growing Aer Lingus going forward"
Thats all very well, but what line did EI spin to its investors a few months back? They must be planning something monumental in terms of expansion if the indications from the institutions are that they want to hold on for a bigger payoff. Institutional investors are a fickle lot, if they hang on it firmly indicates that A/C orders are in the bag already and plans drawn up for their deployment.
DMs speech today is a totally diferent use of language to previously, EI is focusing on service again, and its quite clear that they are prepared to do their own thing in terms of service concepts...
In a way FR has just made it easier for EI to expand, now that it has better stock market capitalisation EI is more likely to be able to find cash for A/C, etc on better terms.....
Interesting times ahead methinks. Im inclined to think that it is a win-win situaion for both EI and MOL/FR.