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Old 26th Nov 2009, 16:32
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Leo Hairy-Camel
 
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I see the need for Locos but we still need the quality carriers.
I agree with you, Itsajob, but they have to make money these days too, something Aer Lingus in its current form is plainly unable to do. In fact, it's currently burning through €2 million every day. QUite heroic when you learn they've got less than €300 million in the bank. That's five months of lifeblood remaining.

Curiously enough, April next year, five months from now, is when the Court of First Instance is due to make two rulings. Firstly, whether or not AERL may compel its largest shareholder to divest its 30% holding, and second, whether or not its largest shareholder will be permitted to acquire a controlling interest. My prediction? No, and yes. In that order.
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