Aer Arann
Join Date: Feb 2009
Location: Northern ireland
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My memory, having read in the aviation press about the arrangement between EI and RE when it was first introduced, is that EI get a set amount per passenger and RE get the rest
Join Date: Apr 2004
Location: Ireland
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EI and ORK DUB
Ei withdrew from ORK DUB in 2003 shortly after RE upped the frequency on the route to 7 per day. The load factiors plummeted as there was now a flight virtually every 2 hrs. Now that FR are back to 2 per day there probably is an opening there for either RE or EI particularly if they want to use it as a feeder service. The problem
that Ryanair could react at anytime and up the frequency again and then where back to square 1.
that Ryanair could react at anytime and up the frequency again and then where back to square 1.
Join Date: Jan 2010
Location: Ireland
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dublindispatch, its still 3 hours to drive from Cork to Dublin, and flying is still cheaper than taking the train. As long as thats the case, there will always be a market for air travel between Cork and Dublin, particularly for anyone wanting to make connecting flights from Dublin.
Join Date: Apr 2004
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ORK DUB
It's still far more convenient to fly if you have an onward connection. Having said that most travellers seem to be more comfortable with the train as airports are synonomous with stress and hassle in recent years thanks to some to petty regulations concerning pre printed boarding passes, passports on internal flights and ladies handbags being regarded as baggage etc.
Join Date: Mar 2005
Location: on the road...
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for connecting flights, you are right there is still a market for flying Cork - Dublin. For travel to Dublin itself, particularly if you are going to somewhere south of the river, it's now much faster to drive. 2 hours Lee Tunnel to Red Cow, and (budget) 30 minutes to get most places in Dublin after that.
Join Date: Mar 2005
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It's not really cheaper than taking the train.
Select the right trains and you can get a E20 return fare.
By all accounts, Irish Rail are going to shift their pricing model next week so that every train will have some E10 seats on it, although obviously if you want one on a Friday evening, you'll need to get in early.
While the headline price for a return rail fare is E72, that's for a completely unrestricted one. And at that price, you're getting the benefit of being able to choose which train you want at 1-hour intervals, a frequency the flights don't even begin to match.
Select the right trains and you can get a E20 return fare.
By all accounts, Irish Rail are going to shift their pricing model next week so that every train will have some E10 seats on it, although obviously if you want one on a Friday evening, you'll need to get in early.
While the headline price for a return rail fare is E72, that's for a completely unrestricted one. And at that price, you're getting the benefit of being able to choose which train you want at 1-hour intervals, a frequency the flights don't even begin to match.
Join Date: Feb 2007
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Jamesair ....... DUB -MME isn't working . I can't imagine NCL being any better , especially with ryanair already on it .
Having said that newcastles new premiership status may increase interest a bit
Having said that newcastles new premiership status may increase interest a bit
Join Date: Oct 2004
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I see word that an Examiner has been appointed to Aer Arann by the high court. Bad news if it is true.
Edit; Confirmed by Aer Arann statement
Edit; Confirmed by Aer Arann statement
Examiner Appointed to Aer Arann
Thursday 26th August 2010: In the High Court this evening Justice Maureen Clarke appointed Mr. Michael McAteer of Grant Thornton as Interim Examiner to Comhfhorbairt (Gaillimh) trading as Aer Arann. The petition to enter examinership was made by the company following a resolution of its Board of Directors.
Justice Clarke set 8th September as the date for a full hearing of the company’s application and in the meantime Aer Arann is in interim examinership and under the protection of the Court.
Aer Arann intends to operate normally during the period of examinership and intends to fly all Aer Arann services and all Aer Lingus Regional services operated under the airline’s franchise agreement with Aer Lingus.
No flights have been cancelled or are planned to be cancelled and reservations can continue to be made on Aer Arann - Cheap Flights to Ireland, Cheap Flights to Dublin, the UK and Europe with Aer Arann. Aer Arann intends that there will be no impact on customer travel or bookings as a result of the move into examinership.
Aer Lingus will continue to work with Aer Arann on the provision of services through the franchise agreement between the airlines. All bookings for Aer Lingus Regional services can continue to be made with confidence on Aer Lingus- cheap flights, gift vouchers, hotels, car hire, & travel insurance
Following the High Court hearing on 8th September Aer Arann expects to remain in examinership for an initial period of up to 70 days. During that time the company will benefit from the protection of the Court from its creditors so that it can re-organise and re-structure the business.
Aer Arann and the Examiner will also use the time to negotiate with potential investors and a number of parties have expressed their interest in the airline.
Examinership is a provision in Irish company law that is designed to help companies that have financial difficulties but that also have a reasonable prospect of survival and the High Court, the Independent Accountants and Aer Arann consider that the company has a viable business plan. The airline will operate as normal in order to preserve as many of the 320 jobs in the company as possible and the hundreds of associated jobs in airports and aviation support services companies.
The decision to petition for examinership follows two years of loss-making trading in a difficult economic environment with recession negatively impacting the global aviation industry followed by the volcanic ash disruptions this year.
Following a cost reduction programme and the signing of the franchise agreement with Aer Lingus which has proven to be profitable Aer Arann was on budget for 2010. However the direct impact of the Volcanic Ash disruptions earlier this year and the subsequent drop in forward bookings and yield revenue led to the requirement to re-structure and seek new investment through examinership.
Details on Aer Arann’s performance will be reserved for the hearing in the High Court but in broad terms the airline lost approximately €6million in each of 2008 and 2009. Losses of €6million have been incurred to date this year predominantly due to the impact of the volcanic ash disruption. These combined losses have led to a deficit in shareholder funding of approximately €13million at the end of July this year.
The company had been trading well in the first quarter of 2010 but following the losses of the previous two years it did not have the cash reserves to deal with the downturn precipitated by the volcanic ash crisis in the second quarter.
Examinership has worked for a number of high profile Irish companies and in the United States a number of major airlines have entered the similar Chapter 11 system and having operated normally during their period in Chapter 11 they emerged as stronger airlines.
Aer Arann would like to thank all of the airline’s loyal customers for their support to date and looks forward to continuing to serve them
The examinership does not involve Aer Arann Islands which is a separate company.
Thursday 26th August 2010: In the High Court this evening Justice Maureen Clarke appointed Mr. Michael McAteer of Grant Thornton as Interim Examiner to Comhfhorbairt (Gaillimh) trading as Aer Arann. The petition to enter examinership was made by the company following a resolution of its Board of Directors.
Justice Clarke set 8th September as the date for a full hearing of the company’s application and in the meantime Aer Arann is in interim examinership and under the protection of the Court.
Aer Arann intends to operate normally during the period of examinership and intends to fly all Aer Arann services and all Aer Lingus Regional services operated under the airline’s franchise agreement with Aer Lingus.
No flights have been cancelled or are planned to be cancelled and reservations can continue to be made on Aer Arann - Cheap Flights to Ireland, Cheap Flights to Dublin, the UK and Europe with Aer Arann. Aer Arann intends that there will be no impact on customer travel or bookings as a result of the move into examinership.
Aer Lingus will continue to work with Aer Arann on the provision of services through the franchise agreement between the airlines. All bookings for Aer Lingus Regional services can continue to be made with confidence on Aer Lingus- cheap flights, gift vouchers, hotels, car hire, & travel insurance
Following the High Court hearing on 8th September Aer Arann expects to remain in examinership for an initial period of up to 70 days. During that time the company will benefit from the protection of the Court from its creditors so that it can re-organise and re-structure the business.
Aer Arann and the Examiner will also use the time to negotiate with potential investors and a number of parties have expressed their interest in the airline.
Examinership is a provision in Irish company law that is designed to help companies that have financial difficulties but that also have a reasonable prospect of survival and the High Court, the Independent Accountants and Aer Arann consider that the company has a viable business plan. The airline will operate as normal in order to preserve as many of the 320 jobs in the company as possible and the hundreds of associated jobs in airports and aviation support services companies.
The decision to petition for examinership follows two years of loss-making trading in a difficult economic environment with recession negatively impacting the global aviation industry followed by the volcanic ash disruptions this year.
Following a cost reduction programme and the signing of the franchise agreement with Aer Lingus which has proven to be profitable Aer Arann was on budget for 2010. However the direct impact of the Volcanic Ash disruptions earlier this year and the subsequent drop in forward bookings and yield revenue led to the requirement to re-structure and seek new investment through examinership.
Details on Aer Arann’s performance will be reserved for the hearing in the High Court but in broad terms the airline lost approximately €6million in each of 2008 and 2009. Losses of €6million have been incurred to date this year predominantly due to the impact of the volcanic ash disruption. These combined losses have led to a deficit in shareholder funding of approximately €13million at the end of July this year.
The company had been trading well in the first quarter of 2010 but following the losses of the previous two years it did not have the cash reserves to deal with the downturn precipitated by the volcanic ash crisis in the second quarter.
Examinership has worked for a number of high profile Irish companies and in the United States a number of major airlines have entered the similar Chapter 11 system and having operated normally during their period in Chapter 11 they emerged as stronger airlines.
Aer Arann would like to thank all of the airline’s loyal customers for their support to date and looks forward to continuing to serve them
The examinership does not involve Aer Arann Islands which is a separate company.
The story is now also being carried by The Irish Times
Aer Arann enters examinership - The Irish Times - Thu, Aug 26, 2010
For those not familiar with Irish corporate law, Examinership is a process similar to Chapter 11 in the US, designed to help viable businesses recover from insolvency. More information on the process for those who are interested can be found here
The very best of luck to all involved.
JAS
Regional airline Aer Arann has entered voluntary examinership after posting losses of some €18.5 million in the past two and a half years.
For those not familiar with Irish corporate law, Examinership is a process similar to Chapter 11 in the US, designed to help viable businesses recover from insolvency. More information on the process for those who are interested can be found here
The very best of luck to all involved.
JAS
Join Date: Feb 2009
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Absolutely best of luck - great little airline that has worked hard and has had the big boys to deal with. Looks like the EI link has been good but the past, and the ash, have been the problem
Join Date: Mar 2003
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Honestly, most of the PSOs will disappear sooner or later anyway, whether Aer Arann is around or not then will not make a big difference for the airports concerned. The fact that Aer Arann is in such difficulties despite having quite a few PSO contracts is remarkable. Let's hope they can pull their act together.
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Will be a shame, always enjoyed flying AA when commuting between Uk and Ireland, but couldnt justify the cost every week when Ryanair did the same for pence..hope it comes good for you.
Join Date: Jan 2006
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Aer Arann
With respect, the current comments have an element of hysteria and are premature.
The company is planning to go into examinership, not receivership or liquidation.
Whilst this may lead to some restructuring, they should still have a bright future.
The company is planning to go into examinership, not receivership or liquidation.
Whilst this may lead to some restructuring, they should still have a bright future.
Join Date: Aug 1999
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Let's hope so; there are many regional airports - Galway, Sligo and Donegal dependant on RE, not to mention the Aran Islands themselves, where the operation first began.
It would be a big loss to Irish aviation.
JetPhotos.Net Photo » EI-REE (CN: 342) Aer Arann ATR 72-202 by John Fitzpatrick
It would be a big loss to Irish aviation.
JetPhotos.Net Photo » EI-REE (CN: 342) Aer Arann ATR 72-202 by John Fitzpatrick