Aer Lingus - 2
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The Aer Lingus logo doesn't work with the green livery. It looks like a cheap add on. bmi (and baby!!) and BA don't need it, why do Aer Lingus?
Drop the tatty logo methinks.
Drop the tatty logo methinks.
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flew through TLS the other day and the dot.com logo was still on display at check-in and the departure screen at the gate. on another note, TLS....what a terribly laid out airport
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FI on EI
Interesting article in this week's FI about EI:
http://www.flightglobal.com/Articles...expansion.html
Not a lot we didn't know already, but interesting nonetheless.
http://www.flightglobal.com/Articles...expansion.html
Not a lot we didn't know already, but interesting nonetheless.
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EU Commission response re Open Skies
I received correspondence today from the EU Commission, in relation to the whole Open Skies issue. In brief ...
- Decision by US administration to postpone "final rule" (on foreign o'ship of US carriers) regrettable; US has however reaffirmed to M. Barrot a commitment to conclude an EU/US air transport agreement by year end. Utmost importance that process towards conclusion continues.
- Commission is acutely aware of the difficulties that further difficulties would pose, in particular for Ireland and Aer Lingus ... doing utmost to secure successful outcome to these negotiations ("these" meaning EU/US, rather than EU/Ireland and Ireland/US?)
I pointed out that in the Commission's first reponse to me, they set out the conditions under which an individual member state could be permitted to enter direct negotiations with US and that Ireland satisfied both of these (i.e. that proposed agreement - which was negotiated under EU auspices - contained clauses required by EU, and that allowing separate deal to go ahead would not compromise ongoing negotiations).
Obviously, Commission couldn't be expected to give firm yes/no, but to me suggests that they'd rather Ireland waited. Maybe compromise will be that if no deal is reached by year end or in time for Summer 2007, airlines will be able to go ahead. However, since EU has voiced its optimism that deal will be done and since any new deal wouldn't take effect until next Summer, one can suggest that it's "no skin off EU's nose" to allow Irish deal to go ahead.
- Decision by US administration to postpone "final rule" (on foreign o'ship of US carriers) regrettable; US has however reaffirmed to M. Barrot a commitment to conclude an EU/US air transport agreement by year end. Utmost importance that process towards conclusion continues.
- Commission is acutely aware of the difficulties that further difficulties would pose, in particular for Ireland and Aer Lingus ... doing utmost to secure successful outcome to these negotiations ("these" meaning EU/US, rather than EU/Ireland and Ireland/US?)
I pointed out that in the Commission's first reponse to me, they set out the conditions under which an individual member state could be permitted to enter direct negotiations with US and that Ireland satisfied both of these (i.e. that proposed agreement - which was negotiated under EU auspices - contained clauses required by EU, and that allowing separate deal to go ahead would not compromise ongoing negotiations).
Obviously, Commission couldn't be expected to give firm yes/no, but to me suggests that they'd rather Ireland waited. Maybe compromise will be that if no deal is reached by year end or in time for Summer 2007, airlines will be able to go ahead. However, since EU has voiced its optimism that deal will be done and since any new deal wouldn't take effect until next Summer, one can suggest that it's "no skin off EU's nose" to allow Irish deal to go ahead.
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Aer Lingus privatised - what next?
Well, EI has begun trading on the stock market, today - 27th Sept 06 - and not before time. Trading began at EUR2.10 and it has been climbing a bit since - not sure what the price is right now.
What is the process from here? The airline is expected to raise some EUR500m from the floatation and use that to fund its long term fleet acquisitions; does anyone know how long this process is likely to take; some have said (I think in The Times) that the airline might wait two years, but I think that's unlikely - particularly as the investment community wouldn't have it.
Presumably, we're likely to see a spate of announcements from next month (if not even sooner)?
What is the process from here? The airline is expected to raise some EUR500m from the floatation and use that to fund its long term fleet acquisitions; does anyone know how long this process is likely to take; some have said (I think in The Times) that the airline might wait two years, but I think that's unlikely - particularly as the investment community wouldn't have it.
Presumably, we're likely to see a spate of announcements from next month (if not even sooner)?
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EI moving forward!
Today's IT reports that the airline is now preparing to immediately use some of the €535 million of proceeds produced by the sale. Chief executive Dermot Mannion said European manufacturer Airbus was making "positive soundings" about a new deal involving some wide bodied A330 aircraft. He said there was a possibility of two or three of them becoming available sometime in 2008, although they would need to be ordered before that.
But he refused to rule out something emerging from talks with Boeing which is pitching its highly fuel efficient 787 Dreamliner to airlines. Boeing, however, is at a disadvantage because the waiting times for the Dreamliner are longer than the A330.
(It seems to be comparing apples and oranges, so to speak, as getting more A330s is not necessarily inconsistent with an order for 787s, since it will be 2012 before 787-9s become available, assuming that's the version EI would get if it went down that road. If EI were dealing with a lessor which had both 330s and 787s on its books, this might be a strong possibility).
Good news as well from Leinster House; here are two Dail Questions on the Open Skies issue:
Dáil Question
No: 1086 + 1115
*To ask the Minister for Transport the steps he has taken to request EU
permission to proceed with the more liberal Irish/US bilateral negotiated
in the expectation of open skies but now vital to Aer Lingus prospects; the
response he has received from the EU ; and if no response has been
received, has the urgency of a decision has been communicated to them.
- Olivia Mitchell.
* For WRITTEN answer on Wednesday, 27th September, 2006.
Ref No: 28734/06
Dáil Question
No: _______
*To ask the Minister for Transport if the transitional agreement on the
Shannon bilateral arrangement with the US, negotiated in November 2005, and
due to come into force from November 2006 to April 2008 will be suspended
in view of the fact that it was predicated on the successful negotiation of
an EU US Open Skies Agreement; and if he will make a statement on the
matter.
- Pat Breen.
* For WRITTEN answer on Wednesday, 27th September, 2006.
Ref No: 29484/06
Answered by the Minister for Transport
(Martin Cullen)
Reply
I propose to take questions 1086 & 1115 together.
In November 2005 EU and US negotiators concluded work on the text of a
first-phase EU-US Open Skies agreement. The text was unanimously endorsed
at the December 2005 Transport Council subject to sufficient progress by
the US side on opening up ownership and control of US airlines to EU
investors The formal US process of changing its ownership and control rules
was expected to be concluded in August 2006 so that a final decision could
be taken at the October Transport Council. However, due to difficulties on
the US side the rule-making process has been extended.
I am fully committed to the view that the liberalisation of air transport
services between Ireland and the US will deliver major benefits for Irish
business and tourism. I have had detailed discussions with EU Commissioner
Barrot and have strongly urged the Commission to continue engagement with
the US Authorities so that they can be in a position to bring forward a
proposal for decision at the October Transport Council that will
incorporate the Irish transition arrangements.
In the absence of progress at EU level I intend to seek to implement, in
accordance with the applicable Community law, the essential elements of the
transitional arrangements by way of an amendment to the Ireland-US
bilateral Air Services Agreement.
This is obviously of immense importance to EI, not just because of the new routes offered, but because of the certainty it gives; I doubt very much if the minister would be as forthright about his intentions if this plan was unlikely to get EU approval.
In another bit of good news, the US embassy has announced a new deal with the Irish govt, whereby all Irish flights will use domestic gates at US airports:
New agreement between the Irish and US governments will see flights from Irish airports will soon be allowed to arrive at the domestic gates of United States airports, enabling passengers to simply collect their luggage and go.
Under plans announced by the US embassy yesterday, passengers will undergo full "pre-clearance" by US officials working at Dublin and Shannon airports.he United States Embassy wishes to announce that consultations with Irish authorities are now underway for CBP to introduce full pre-clearance, which would supplement current passport screening at Dublin and Shannon Airports with the agricultural and customs checks that are conducted at US airports for arriving passengers.
"The consultations, which have been led by Ambassador James C. Kenny on the US side, are focused on prospects for the provision of necessary facilities for full pre-clearance, in connection with Dublin Airport's construction plans and Shannon Airport's development strategy."
Hugely significant, I think.
But he refused to rule out something emerging from talks with Boeing which is pitching its highly fuel efficient 787 Dreamliner to airlines. Boeing, however, is at a disadvantage because the waiting times for the Dreamliner are longer than the A330.
(It seems to be comparing apples and oranges, so to speak, as getting more A330s is not necessarily inconsistent with an order for 787s, since it will be 2012 before 787-9s become available, assuming that's the version EI would get if it went down that road. If EI were dealing with a lessor which had both 330s and 787s on its books, this might be a strong possibility).
Good news as well from Leinster House; here are two Dail Questions on the Open Skies issue:
Dáil Question
No: 1086 + 1115
*To ask the Minister for Transport the steps he has taken to request EU
permission to proceed with the more liberal Irish/US bilateral negotiated
in the expectation of open skies but now vital to Aer Lingus prospects; the
response he has received from the EU ; and if no response has been
received, has the urgency of a decision has been communicated to them.
- Olivia Mitchell.
* For WRITTEN answer on Wednesday, 27th September, 2006.
Ref No: 28734/06
Dáil Question
No: _______
*To ask the Minister for Transport if the transitional agreement on the
Shannon bilateral arrangement with the US, negotiated in November 2005, and
due to come into force from November 2006 to April 2008 will be suspended
in view of the fact that it was predicated on the successful negotiation of
an EU US Open Skies Agreement; and if he will make a statement on the
matter.
- Pat Breen.
* For WRITTEN answer on Wednesday, 27th September, 2006.
Ref No: 29484/06
Answered by the Minister for Transport
(Martin Cullen)
Reply
I propose to take questions 1086 & 1115 together.
In November 2005 EU and US negotiators concluded work on the text of a
first-phase EU-US Open Skies agreement. The text was unanimously endorsed
at the December 2005 Transport Council subject to sufficient progress by
the US side on opening up ownership and control of US airlines to EU
investors The formal US process of changing its ownership and control rules
was expected to be concluded in August 2006 so that a final decision could
be taken at the October Transport Council. However, due to difficulties on
the US side the rule-making process has been extended.
I am fully committed to the view that the liberalisation of air transport
services between Ireland and the US will deliver major benefits for Irish
business and tourism. I have had detailed discussions with EU Commissioner
Barrot and have strongly urged the Commission to continue engagement with
the US Authorities so that they can be in a position to bring forward a
proposal for decision at the October Transport Council that will
incorporate the Irish transition arrangements.
In the absence of progress at EU level I intend to seek to implement, in
accordance with the applicable Community law, the essential elements of the
transitional arrangements by way of an amendment to the Ireland-US
bilateral Air Services Agreement.
This is obviously of immense importance to EI, not just because of the new routes offered, but because of the certainty it gives; I doubt very much if the minister would be as forthright about his intentions if this plan was unlikely to get EU approval.
In another bit of good news, the US embassy has announced a new deal with the Irish govt, whereby all Irish flights will use domestic gates at US airports:
New agreement between the Irish and US governments will see flights from Irish airports will soon be allowed to arrive at the domestic gates of United States airports, enabling passengers to simply collect their luggage and go.
Under plans announced by the US embassy yesterday, passengers will undergo full "pre-clearance" by US officials working at Dublin and Shannon airports.he United States Embassy wishes to announce that consultations with Irish authorities are now underway for CBP to introduce full pre-clearance, which would supplement current passport screening at Dublin and Shannon Airports with the agricultural and customs checks that are conducted at US airports for arriving passengers.
"The consultations, which have been led by Ambassador James C. Kenny on the US side, are focused on prospects for the provision of necessary facilities for full pre-clearance, in connection with Dublin Airport's construction plans and Shannon Airport's development strategy."
Hugely significant, I think.
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New developments?
Any idea of how long we'll be waiting for the new developments - routes, acft and service product? Just curious; I know EI has only started trading officially on the stock market this week, but me being me, I'm not the most patient!
Heard a few interesting rumours - possibility of BFS-LHR, 2 or possibly 3 A330s for delivery in 2008 (if they order pretty soon).
It will also be interesting to see what effect the recent foul-ups at Airbus will have on the A350 and in particular on its entry into service. Airbus has already said that the formal launch will be delayed and that can't be good news; looks that service entry for the existing carriers is now 2013, which is probably pushing it a bit for EI? This was hinted at, here, a few weeks back and I wonder if there's any more on Boeing's offer of 777s? (I wonder if the more recent rumours about FR and 777s was intended to "spur" EI into a decision?!)
On the subject of the 787, there was a cutaway in last week's Flight and I played around with it to see what some EI configs might look like. They're not, of course, 100% accurate, but I don't think they're too far out and only intended to give ballpark figures anyway. The aircraft seems to be pretty much in the ballpark of what EI needs, even the -8. http://p078.ezboard.com/fdublinairpo...icID=988.topic
Finally, with the likelihood that a new Irish/US deal will be approved by the EU to go ahead, notwithstanding the wider EU/US problems, I wonder where that leaves other routes, such as those to Asia and South Africa? These are definitely lower down the priority list in EI's eyes (try saying that quickly
) than US destinations and with a lack of suitable acft, I'm wondering if they will be deferred at least until 2008, possibly even 2009?
Heard a few interesting rumours - possibility of BFS-LHR, 2 or possibly 3 A330s for delivery in 2008 (if they order pretty soon).
It will also be interesting to see what effect the recent foul-ups at Airbus will have on the A350 and in particular on its entry into service. Airbus has already said that the formal launch will be delayed and that can't be good news; looks that service entry for the existing carriers is now 2013, which is probably pushing it a bit for EI? This was hinted at, here, a few weeks back and I wonder if there's any more on Boeing's offer of 777s? (I wonder if the more recent rumours about FR and 777s was intended to "spur" EI into a decision?!)
On the subject of the 787, there was a cutaway in last week's Flight and I played around with it to see what some EI configs might look like. They're not, of course, 100% accurate, but I don't think they're too far out and only intended to give ballpark figures anyway. The aircraft seems to be pretty much in the ballpark of what EI needs, even the -8. http://p078.ezboard.com/fdublinairpo...icID=988.topic
Finally, with the likelihood that a new Irish/US deal will be approved by the EU to go ahead, notwithstanding the wider EU/US problems, I wonder where that leaves other routes, such as those to Asia and South Africa? These are definitely lower down the priority list in EI's eyes (try saying that quickly
) than US destinations and with a lack of suitable acft, I'm wondering if they will be deferred at least until 2008, possibly even 2009?
Last edited by akerosid; 4th Oct 2006 at 19:08. Reason: Additional point
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EI overnighters?
An intersting thought was mentioned on another forum, EI using its A320/A321s on overnight services to places like Moscow(perhaps also ATH/PFO, etc, etc) EI certainly used to operate charters for Budget Travel(pre tui days!) in this way, and it seemed to work quite well. It is a really good way of pushing up utilisation of the fleet to the max. EI dont appear to have any extra a/c (except one) comming in for next year, so it would seem that this is the only way to launch some new routes?
On another thought....EI seem to have rolled out the 'tradtional' sinage, I wonder if there is going to be a major product upgrade? The long-haul cabins definately need it...they were lookng scruffy three years ago! But perhaps we may see the introduction of a C cabin on short haul? Deli-Bag, lounge access, etc? especially on routes like AMS LHR CDG MAD FRA, etc.
While I'm at it, have EI re-fitted the a321s yet or do they still have the cloth seats? The 321s seem to have fallen out of favour with some european operators so perhaps EI could pick up a few of these quite cheaply?
On another thought....EI seem to have rolled out the 'tradtional' sinage, I wonder if there is going to be a major product upgrade? The long-haul cabins definately need it...they were lookng scruffy three years ago! But perhaps we may see the introduction of a C cabin on short haul? Deli-Bag, lounge access, etc? especially on routes like AMS LHR CDG MAD FRA, etc.
While I'm at it, have EI re-fitted the a321s yet or do they still have the cloth seats? The 321s seem to have fallen out of favour with some european operators so perhaps EI could pick up a few of these quite cheaply?
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There are actually three A320s coming next year, from what I understand.
I agree that operating overnight routes is a good idea and certainly something that could be tried with some of the proposed new longer routes like Athens, Moscow, Istanbul etc, because you also get the advantage of the time difference. An A320 leave DUB for say DME could leave at about 11pm and be back home at about 8am, in time for a full day's flying.
As for the A321s, the only airlines I'm aware of that are getting rid of them are bmi (some going to Monarch) and SAS, which has never been terribly good at this whole standardisation thingy (the term "smorgasbord" is particularly apt!), but they both have IAE engines. I think the attraction to EI is that this is the only type which could have costs per seat mile which could come anywhere close to FR's 738s, being a 212 seater.
I agree that operating overnight routes is a good idea and certainly something that could be tried with some of the proposed new longer routes like Athens, Moscow, Istanbul etc, because you also get the advantage of the time difference. An A320 leave DUB for say DME could leave at about 11pm and be back home at about 8am, in time for a full day's flying.
As for the A321s, the only airlines I'm aware of that are getting rid of them are bmi (some going to Monarch) and SAS, which has never been terribly good at this whole standardisation thingy (the term "smorgasbord" is particularly apt!), but they both have IAE engines. I think the attraction to EI is that this is the only type which could have costs per seat mile which could come anywhere close to FR's 738s, being a 212 seater.
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Ryanair offer already the subject of very extensive discussion on this thread in Rumours and News - let's keep it in one place.
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Lets ask that question again....With EI probably maintaining its links with BA after leaving oneworld, Will EI move to T3 with the rest of the oneworld airlines as has already been confirmed before EI announced exiting the group????
I seriously doubt they will remain in T1 as a non-aligned carrier as STAR will be there, T4 is supposed to be the terminal where non-aligned carriers use!
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Ryanair losses
Leo Hairy-Camel "Yep, the very same. 8.5 million shares at €3.05. Yesterday’s market close was at €2.87, which makes for a loss of €1.53 million on the first day.
WELL DONE, LADS! Glad I don’t listen to the Dwarf for my investment advice. Gee whiz, I hope all this jiggery-pokery doesn’t drive the shares south of €2.80 again and into the sweet spot. RYR might yet not need to improve upon their offer after all. Thanks heaps, Evan. You are to investment advice what Bob Ayling was to the higher aspirations of corporate lawyers everywhere. HEMLOCK."
Let's look at this logically Mr. Hairy-Camel. The loss of 1.53million Euro pales into insignificance when compared to the loss of 193million Euro (note absence of decimal point
) in market cap by Ryanair over the last 10 days. Strangely enough this has happened since the Ryanair takeover bid for Aer Lingus was launched.
Check it out out : 16th October http://www.ise.ie/app/equityDetails.asp?equity=12724
6th October
http://www.ise.ie/app/equityDetails....tart_year=2006
Funny old thing that a lot of the press has concentrated on this relatively small loss by a Pension fund and not the massive lack of confidence displayed by the now ex-shareholders of Ryanair. I'd say your sweating under your 'stylish' checked collar. Your investors are baling out in numbers!
Enjoy the retirement.
WELL DONE, LADS! Glad I don’t listen to the Dwarf for my investment advice. Gee whiz, I hope all this jiggery-pokery doesn’t drive the shares south of €2.80 again and into the sweet spot. RYR might yet not need to improve upon their offer after all. Thanks heaps, Evan. You are to investment advice what Bob Ayling was to the higher aspirations of corporate lawyers everywhere. HEMLOCK."
Let's look at this logically Mr. Hairy-Camel. The loss of 1.53million Euro pales into insignificance when compared to the loss of 193million Euro (note absence of decimal point
) in market cap by Ryanair over the last 10 days. Strangely enough this has happened since the Ryanair takeover bid for Aer Lingus was launched. Check it out out : 16th October http://www.ise.ie/app/equityDetails.asp?equity=12724
6th October
http://www.ise.ie/app/equityDetails....tart_year=2006
Funny old thing that a lot of the press has concentrated on this relatively small loss by a Pension fund and not the massive lack of confidence displayed by the now ex-shareholders of Ryanair. I'd say your sweating under your 'stylish' checked collar. Your investors are baling out in numbers!
Enjoy the retirement.
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could dobs intervention have any relevance to a story in last thursdays indo business section
a few weeks ago ryr ran a ad promoteing new flights from dublin-malta featureing a picture of him with the caption 'free flights all you pay is TAXES'
apparently haveing a go at o brien for registering a tax residency in malta
in the indo, daire o brien talked about how o brien was 'very sore at the jibe' and how o brien suddenly started dispensing advice to the esot.
wheather or not someone would actually buy millions of euro of overpriced shares because of a grudge is for you to decide!!!
a few weeks ago ryr ran a ad promoteing new flights from dublin-malta featureing a picture of him with the caption 'free flights all you pay is TAXES'
apparently haveing a go at o brien for registering a tax residency in malta
in the indo, daire o brien talked about how o brien was 'very sore at the jibe' and how o brien suddenly started dispensing advice to the esot.
wheather or not someone would actually buy millions of euro of overpriced shares because of a grudge is for you to decide!!!
I call you back
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wheather or not someone would actually buy millions of euro of overpriced shares because of a grudge is for you to decide!!!