DUBLIN
Aer Lingus to rent huge Dublin airport hangar - The Irish Times - Wed, Jan 06, 2010
Interesting that Aer Lingus appears to be paying €2.25 Million a year on a hangar that SRT were paying €200k.
As people appear to be suggesting Aer Lingus should take the maintenance back in house and break their existing contract one has to wonder how much they would end paying in break clauses.
For an airline that has blown in excess of €250 million in shareholders cash in 2009 it seems to be spending money like a nautical man after imbibing too much rum.
Interesting that Aer Lingus appears to be paying €2.25 Million a year on a hangar that SRT were paying €200k.
As people appear to be suggesting Aer Lingus should take the maintenance back in house and break their existing contract one has to wonder how much they would end paying in break clauses.
For an airline that has blown in excess of €250 million in shareholders cash in 2009 it seems to be spending money like a nautical man after imbibing too much rum.
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Highest bidder gets the prize
Racedo - a little knowledge here is a dangerous thing... The DAA bought the hangar from SR technics, so they owned the hangar, perhaps that rent figure was for something else.
Ive never seen that 200k figure mentioned elsewhere.
It seems that EI offered more than FR for the Hangar. In any other part of the world, that means the highest bidder wins. For FR not to even talk to the DAA about leasing the space demonstrates to me that their bid was not enough, and were hoping that someone else would step in and pay the difference in subsidies.
Can the Irish taxpayer afford many more subsidies?
Ive never seen that 200k figure mentioned elsewhere.
It seems that EI offered more than FR for the Hangar. In any other part of the world, that means the highest bidder wins. For FR not to even talk to the DAA about leasing the space demonstrates to me that their bid was not enough, and were hoping that someone else would step in and pay the difference in subsidies.
Can the Irish taxpayer afford many more subsidies?
Copenhagen
DAA always owned the hangar, they bought back the lease which they could have reacquired at any time under the terms of the lease,
The figure of €2.25 M per year is what is currently being quoted by the property and leasing trade magazines as value of the deal and this was well before this controvery even started. They have no agenda only reporting of deals.
There is nothing I have read that is suggesting Aer Lingus is paying €200k per year but happy to be proved otherwise,
The involvement of IDA the job creation and inward investment body in Ireland makes a lot of sense as ultimately Ireland was competing for the 500 jobs that the facility was going to offer so why not use the people who make it happen.
DAA as shown by its investment
strategy in Cork and Dublin airports in wasting hundreds of millions of Euros is not exactly known for its grasp of reality.
Lets face it why would anybody allow an airport carrying 3 million people a year spend €200 million on investment (Cork) of €1.1 Billion on a 20 million people a year airport (Dublin).
This has all the makings of a political deal to keep FR out.
As for higgest bidder getting the prize well if I have 2 bidders I push to get them to compete not do it on the quiet.
DAA always owned the hangar, they bought back the lease which they could have reacquired at any time under the terms of the lease,
The figure of €2.25 M per year is what is currently being quoted by the property and leasing trade magazines as value of the deal and this was well before this controvery even started. They have no agenda only reporting of deals.
There is nothing I have read that is suggesting Aer Lingus is paying €200k per year but happy to be proved otherwise,
The involvement of IDA the job creation and inward investment body in Ireland makes a lot of sense as ultimately Ireland was competing for the 500 jobs that the facility was going to offer so why not use the people who make it happen.
DAA as shown by its investment
strategy in Cork and Dublin airports in wasting hundreds of millions of Euros is not exactly known for its grasp of reality. Lets face it why would anybody allow an airport carrying 3 million people a year spend €200 million on investment (Cork) of €1.1 Billion on a 20 million people a year airport (Dublin).
This has all the makings of a political deal to keep FR out.
As for higgest bidder getting the prize well if I have 2 bidders I push to get them to compete not do it on the quiet.
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Lest there still be any doubters among you.
Tanaiste saw Ryanair deal long before SRT closed - National News, Frontpage - Independent.ie
Tanaiste saw Ryanair deal long before SRT closed - National News, Frontpage - Independent.ie
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There was an interesting discussion on the Hangar 6 topic on the Marian Finucane Show on RTE this morning (Marian herself was not on duty with John Murray taking over). Among the panellists was Colm Barrington of EI.
To listen to this goto:
RTÉ.ie Radio1: Marian Finucane
Click on Latest Show.
When the Player starts fast forward to about 33.10 or a bit earlier if you want to hear more about the EI flight from Tenerife last night that caused a scare with a number of unwell passengers onboard (illness nothing to do with EI I hasten to add).
To listen to this goto:
RTÉ.ie Radio1: Marian Finucane
Click on Latest Show.
When the Player starts fast forward to about 33.10 or a bit earlier if you want to hear more about the EI flight from Tenerife last night that caused a scare with a number of unwell passengers onboard (illness nothing to do with EI I hasten to add).
The figure of €2.25 M per year is what is currently being quoted by the property and leasing trade magazines as value of the deal and this was well before this controvery even started. They have no agenda only reporting of deals.
it is likely to be in the region of €2.25 million per annum, thus equating to about €107 per sq m (€10 per sq ft).
And we all know just how wildly wide of the reality mark speculation on property prices/rents have been in Ireland over the last few years, with the Times being one of the wildest 'hypiest' cheer leaders of them all!
JAS
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...and the Irish Times got it in one. I'm impressed.
Hangar 6 saga reveals flaw at heart of State's aviation policy - The Irish Times - Mon, Feb 22, 2010
Hangar 6 saga reveals flaw at heart of State's aviation policy - The Irish Times - Mon, Feb 22, 2010
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Yes, I think that's very likely to be honest. If I worked for the DAA at this stage I'd be certain to give FR no special treatment whatsoever - they'd be paying the full published rates for everything.
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Airport companies like the DAA are always going to be run poorly. There is no incentive for them to do otherwise as they sit on a monopoly. Mind you they are damned if they do and damned if they don't. Take the DAA as an example. At the moment a new runway is off the agenda. Logic would say that in the length of time it would take to build the runway that passenger demand would have returned to such levels to ensure its uptake. But try convincing the green army of this and the politicians to spend the money now though. In the current climate it would probably be cheaper to build it now. But no matter. Better to build it when the demand has actually arrived, wait 5 years for it to be built and the demand to have waned as we enter into the next crisis that will hit the industry
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Have just finished watching the live broadcast from the Joint Oireachtas Committee on Transport that lasted 3 hours. Both MOL and Mr. Mueller got severe grillings from the committee over more than two hours but, unfortunately, the DAA then got away with about ten minutes of nothing, probably because the committee were exhausted by then.
I always assumed that the chairman of such a committee would be neutral but this chairman came over very strongly from the beginning as being anti-Ryanair or, at best, anti-MOL.
Maybe my mind was gone by a certain stage of the proceedings but I'm sure I heard Mr. Mueller at one point agree that Aer Lingus is, in effect, leasing hangar 6 from........Aer Lingus, which brought much laughter around the room.
I think the media will have a field day tomorrow.
I always assumed that the chairman of such a committee would be neutral but this chairman came over very strongly from the beginning as being anti-Ryanair or, at best, anti-MOL.
Maybe my mind was gone by a certain stage of the proceedings but I'm sure I heard Mr. Mueller at one point agree that Aer Lingus is, in effect, leasing hangar 6 from........Aer Lingus, which brought much laughter around the room.
I think the media will have a field day tomorrow.
Why doesn't FR target Africa for growth?
They are experienced in operating between "less than optimal" bases
They offer cheap tickets
Pax will willingly carry their own baggage
They have plenty of cash to smooth out "issues"
In fairness, MOL has an attitude like an MDC paid up member in Zim in terms of "oh that's nice, I'll have that"...
My message to MOL? you are not fooling me, what happens to the 300 jobs when you (eventually) get to convert the maintenance facility to a terminal? eh?
I admire your acumen, but sometimes you can be really clumsy.
Hats off for spotting the 2 i/c weakness, national disgrace IMHO.
They are experienced in operating between "less than optimal" bases
They offer cheap tickets
Pax will willingly carry their own baggage
They have plenty of cash to smooth out "issues"
In fairness, MOL has an attitude like an MDC paid up member in Zim in terms of "oh that's nice, I'll have that"...
My message to MOL? you are not fooling me, what happens to the 300 jobs when you (eventually) get to convert the maintenance facility to a terminal? eh?
I admire your acumen, but sometimes you can be really clumsy.
Hats off for spotting the 2 i/c weakness, national disgrace IMHO.
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The bottom line is that approaches to Baldonnell overly some of the most closely fought and populous constituencies in Dublin - e.g. Dublin South. No party wants to upset these, so I doubt we will see any developments here. It's a pity, because it could have benefited the Air Corps.
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Maybe my mind was gone by a certain stage of the proceedings but I'm sure I heard Mr. Mueller at one point agree that Aer Lingus is, in effect, leasing hangar 6 from........Aer Lingus, which brought much laughter around the room.
As far as I know Aer Lingus have a say in who the hangar is leased to by virtue of the fact that they are essentially the DAA's landlord (although the DAA are the ultimate landlord, meaning that Aer Lingus could have vetoed the deal if the DAA had leased the hangar to Ryanair.
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Dublin
Any way less of the FR/EI spat back to the substance of this thread, may be old news but i read that DUB and GVA airport each lost the most routes of any airports in Europe in 2009. Lets hope things get better this year
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Dublin Air Contractors
Any one any news or ideas as to what the ABR Charter Airline is that will be based in Dub 2010 is? Have heard it is one 737 Pax, no idea of version. Any ideas?
