Aer Arann
Join Date: Jun 2011
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Here are the comments EI made about RE on Wednesday:
"EI are investing in the business model, not as a shareholder in the airline to avoid cost creep but as an asset owner in a joint venture with Aer Arann shareholders."
"EI are investing in the business model, not as a shareholder in the airline to avoid cost creep but as an asset owner in a joint venture with Aer Arann shareholders."
Join Date: Dec 2010
Location: Ireland
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"EI are investing in the business model, not as a shareholder in the airline to avoid cost creep but as an asset owner in a joint venture with Aer Arann shareholders."
Join Date: Jul 2012
Location: dublin
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EIR
First one is due May , 8 coming and room for 2 more in the deal,
EIR and EI have a ten year deal now and growth at FR expense isthe plan
a sort of mini FLYBE ....
EIR and EI have a ten year deal now and growth at FR expense isthe plan
a sort of mini FLYBE ....
Join Date: Jan 2011
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Join Date: Jun 2011
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how dose the Aer Arann/lingus deal fit in with the Ryanair/Flybe deal,thought Ryanair wanted flybe to do the small flights if they won the bid for Aer lingus.Its getting very confusing
Join Date: Oct 2010
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@mikkie4
This deal does not factor in with the proposal from FR/FlyBe.
EI are charting their own course to maintain their success. A large part of that is using the RE aircraft under the EIR brand to operate routes that compete with FR and/or operating more frequencies with a mix of ATR/A320.
The FR bid if successful would result in the EIR operation being ended. FlyBe Ireland may take some of these routes. FR have always displayed a dislike of RE and the opportunity to kill off both EI and RE in 1 fell swoop must be making MoL salivate with anticipation
This deal does not factor in with the proposal from FR/FlyBe.
EI are charting their own course to maintain their success. A large part of that is using the RE aircraft under the EIR brand to operate routes that compete with FR and/or operating more frequencies with a mix of ATR/A320.
The FR bid if successful would result in the EIR operation being ended. FlyBe Ireland may take some of these routes. FR have always displayed a dislike of RE and the opportunity to kill off both EI and RE in 1 fell swoop must be making MoL salivate with anticipation
Join Date: Dec 2009
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DollarBill - That is an entertaining post and the thought of MOL plotting the downfall of 2 airlines creates an image of Monty Burns in his evil castle stroking an evil cat!!
You could be right of course but I think it might be more lightly that Flybe would actually ask Aer Arann to continue operating this routes as a Franchisee of Flybe Ireland. The ATR is the only aircraft that can offer the frequency on these routes.
In any event it seems to me that this arrangement between Aer Lingus and Aer Arann has been much more successful than a lot of people thought it would be at the start...including me.
You could be right of course but I think it might be more lightly that Flybe would actually ask Aer Arann to continue operating this routes as a Franchisee of Flybe Ireland. The ATR is the only aircraft that can offer the frequency on these routes.
In any event it seems to me that this arrangement between Aer Lingus and Aer Arann has been much more successful than a lot of people thought it would be at the start...including me.
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Aer Arann plans to join Europe's top tier of regional airlines by 2015 and to double its passenger numbers to over 2 million in five years the company has said today.
Fleet renewal programme:the airline will be taking delivery of eight new aircraft. The new aircraft, ATR 72-600s, will replace the older existing fleet of ATR72-200s and ATR42s. The first new plane will commence service this May, with the remaining aircraft expected for delivery over the next 11 months. The new fleet will be fully operational in time for the Summer 2014 programme;
Source
Fleet renewal programme:the airline will be taking delivery of eight new aircraft. The new aircraft, ATR 72-600s, will replace the older existing fleet of ATR72-200s and ATR42s. The first new plane will commence service this May, with the remaining aircraft expected for delivery over the next 11 months. The new fleet will be fully operational in time for the Summer 2014 programme;
Source
Join Date: Dec 2010
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Are AerArran to open a base at BHX ?????
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So appears the shareholders are now:
Invesco 42% (who also have a reported 37% stake in Stobart)
Stobart 42%
Cenkos Securities around 10%
Padraig O' Ceidigh 5% (Interesting clause that he gets 100,000 if the airline sold by majority of shareholders)
UK-based Invesco a major shareholder in Aer Arann -*Independent.ie
Invesco 42% (who also have a reported 37% stake in Stobart)
Stobart 42%
Cenkos Securities around 10%
Padraig O' Ceidigh 5% (Interesting clause that he gets 100,000 if the airline sold by majority of shareholders)
UK-based Invesco a major shareholder in Aer Arann -*Independent.ie