Ryanair - 3
Join Date: Aug 1999
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FR has formally denied this morning's story in the Indo
http://today.reuters.co.uk/news/arti...US-RYANAIR.XML
Not really surprising; it was complete guesswork and scaremongering; really didn't add a lot to the whole debate.
If I were a betting man, I'd say that the govt and EI are scrambling around this weekend to find an alternative bidder for EI shares - say around 10-15%, sufficient to hold FR at bay. I would imagine that there is a lot of telephone negotiation going on, relating to EI slots at LHR ... and I can't help wondering if WW is involved?
Personally, the idea of FR being a long term shareholder in EI doesn't upset me that much; indeed, it could be a good thing on a number of levels:
- It's unlikely to destroy an airline in which it has a financial interest;
- Will it "allow" EI to benefit from FR's purchasing ability with Boeing, when it comes to ordering 787s?
- If FR/MO'L are serious about what they suggested in their "project bargepole" intro last week, much of this can be done without being a majority shareholder;
- It is arguably a test of good faith on MO'L's part; if he is serious about these promises, let him put them into effect as a minority shareholder; if what he is suggesting is good for EI, then the airline can work with him; if, on the other hand, he chooses to go for a majority shareholding, then that will be used as evidence that what he is suggesting is not good for EI; surely MO'L knows the importance of trust and building it. We will need to see some evidence of MO'L's bona fides towards the airline and its employees and as I said, allowing EI to benefit from FR's purchasing power with Boeing might be a very good start in that ... Even if FR is just a minority shareholder, it can only stand to gain.
All of that may sound naive in a cut-throat business world, but MO'L will see the importance of trust and confidence in a venture like this. Perhaps we'll see ...
http://today.reuters.co.uk/news/arti...US-RYANAIR.XML
Not really surprising; it was complete guesswork and scaremongering; really didn't add a lot to the whole debate.
If I were a betting man, I'd say that the govt and EI are scrambling around this weekend to find an alternative bidder for EI shares - say around 10-15%, sufficient to hold FR at bay. I would imagine that there is a lot of telephone negotiation going on, relating to EI slots at LHR ... and I can't help wondering if WW is involved?
Personally, the idea of FR being a long term shareholder in EI doesn't upset me that much; indeed, it could be a good thing on a number of levels:
- It's unlikely to destroy an airline in which it has a financial interest;
- Will it "allow" EI to benefit from FR's purchasing ability with Boeing, when it comes to ordering 787s?
- If FR/MO'L are serious about what they suggested in their "project bargepole" intro last week, much of this can be done without being a majority shareholder;
- It is arguably a test of good faith on MO'L's part; if he is serious about these promises, let him put them into effect as a minority shareholder; if what he is suggesting is good for EI, then the airline can work with him; if, on the other hand, he chooses to go for a majority shareholding, then that will be used as evidence that what he is suggesting is not good for EI; surely MO'L knows the importance of trust and building it. We will need to see some evidence of MO'L's bona fides towards the airline and its employees and as I said, allowing EI to benefit from FR's purchasing power with Boeing might be a very good start in that ... Even if FR is just a minority shareholder, it can only stand to gain.
All of that may sound naive in a cut-throat business world, but MO'L will see the importance of trust and confidence in a venture like this. Perhaps we'll see ...
Join Date: May 2006
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What a day this is for me – my parents will be so proud of me. A post of mine has actually solicited a repost from Leo the Hairy (arsed) Camel. I’ve arrived.
I had my doubts for a long time about you LH(a)C but I think your last post has given the game away – you really are a pilot aren’t you cause you haven’t a clue about business. 51% dosent give you control – it gives you a major head ache.
Despite it being the worst thing that could possibly happen to EI, to have a malignant narcissist megalomaniac bully having anything to do with our respected flag carrier, the real genius is Bertie. He new he couldn’t protect EI from the asset strippers, the economic burglars at RYR so he kept a 26% share.
.
Don’t judge others by your lower than a snakes belly standards. I am bursting with joy at the thought that you are going to have to work with all those that you tried, but failed to wipe out. You are going to have to grovel to the very likes of Bertie and IALPA – Nelson puts it very well – HA HA (Simpsons)
I had my doubts for a long time about you LH(a)C but I think your last post has given the game away – you really are a pilot aren’t you cause you haven’t a clue about business. 51% dosent give you control – it gives you a major head ache.
Despite it being the worst thing that could possibly happen to EI, to have a malignant narcissist megalomaniac bully having anything to do with our respected flag carrier, the real genius is Bertie. He new he couldn’t protect EI from the asset strippers, the economic burglars at RYR so he kept a 26% share.
Wrong again, I'm afraid. The two fundamental drivers of human behaviour, Pos-Init, are fear and greed. If you successfully manipulate these two levers, you can teach a jackass to play canasta
Don’t judge others by your lower than a snakes belly standards. I am bursting with joy at the thought that you are going to have to work with all those that you tried, but failed to wipe out. You are going to have to grovel to the very likes of Bertie and IALPA – Nelson puts it very well – HA HA (Simpsons)
Join Date: Oct 2005
Location: Leeds, UK & Cork, Ireland
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What a disgraceful post by pos-init.
No one is going to buy a stake in ANY company and then do as some suggested, "run it at a loss" or "drive it into the ground" it doesnt make sound business sense, and do remember that MOL MUST act in the interests of FR shareholders. He is savy enough to see a valid business opertunity. EIs own success has brought its current 'crisis' upon it.
Of course, more than a respected brand MOL instantly wipes out competition for his airline at DUB, ORK & SNN. 100% market share on ORK/SNN-LON, in excess of 70% on DUB-LON. 100% in many euro markets. This offer makes sense for FR, as it is realistically as big as its going to get. One airlines get a bit bigger than 100-150 airframes, organisation can get out of hand,FRs model is based around simplicity, so seperate units makes sense. Perhaps FR may aquire other airlines as well, who knows.
I suspect that the Buzz experience thought FR a lot about aquisitions and mergers, and thats what it was about, more than routes and passengers.
No one is going to buy a stake in ANY company and then do as some suggested, "run it at a loss" or "drive it into the ground" it doesnt make sound business sense, and do remember that MOL MUST act in the interests of FR shareholders. He is savy enough to see a valid business opertunity. EIs own success has brought its current 'crisis' upon it.
Of course, more than a respected brand MOL instantly wipes out competition for his airline at DUB, ORK & SNN. 100% market share on ORK/SNN-LON, in excess of 70% on DUB-LON. 100% in many euro markets. This offer makes sense for FR, as it is realistically as big as its going to get. One airlines get a bit bigger than 100-150 airframes, organisation can get out of hand,FRs model is based around simplicity, so seperate units makes sense. Perhaps FR may aquire other airlines as well, who knows.
I suspect that the Buzz experience thought FR a lot about aquisitions and mergers, and thats what it was about, more than routes and passengers.
Fifth Floor dwellers
Join Date: Sep 2005
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Leo Hairy Camel,
You're an expert on corporate governance now..?
The Irish Finance Minister released a statement to the stockmarket saying FR wil not aquire control of EI as they need 75% of all shares, which will not happen.
Blue Foot
You're an expert on corporate governance now..?
The Irish Finance Minister released a statement to the stockmarket saying FR wil not aquire control of EI as they need 75% of all shares, which will not happen.
Blue Foot
Join Date: May 2006
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Jasus lads you don’t get very long to sit on your laurels here do you. There I was on the phone to me muder and fader telling them how LH(a)C had responded personally to a post I made. They were, as I expected, over the moon.
Then I see
What a muppet. Have no idea what you read into my post mate, but that’s your problem. I never once said that RYR were going to run EI into the ground. By the was, and just for the record, EI is not just any company. It was built by the Irish people and we are very proud of it. Few if any of us who know RYR can say the same. I'm personnally ashamed of it.
OK – I accept, reluctantly, that EI had to be floated to take it to the next phase but the thought that a scum bag would reap any reward from the efforts of countless people over the years is nauseating - and I don’t believe that it will happen. Yes there are people who will sell their soul for profit but I believe the 42% wont and thats exactly the magic figure Bertie built in to protect it.
Then I see
What a disgraceful post by pos-init.
What a muppet. Have no idea what you read into my post mate, but that’s your problem. I never once said that RYR were going to run EI into the ground. By the was, and just for the record, EI is not just any company. It was built by the Irish people and we are very proud of it. Few if any of us who know RYR can say the same. I'm personnally ashamed of it.
OK – I accept, reluctantly, that EI had to be floated to take it to the next phase but the thought that a scum bag would reap any reward from the efforts of countless people over the years is nauseating - and I don’t believe that it will happen. Yes there are people who will sell their soul for profit but I believe the 42% wont and thats exactly the magic figure Bertie built in to protect it.
Paxing All Over The World
brian_dromey
With MoL, it is about the money first but a very close second is being th ebiggest. He often says that he will show the Brits 'What a bunch of Paddy's can do'. If this allows him to grow RYR faster, so that he can be bigger than BA - then he will. That is the motivation.
Of course, more than a respected brand MOL instantly wipes out competition for his airline at DUB, ORK & SNN.
Join Date: Sep 2005
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I wonder how the pilots from Aer Lingus will take it when they have to fill their own water bottles up in the crew room , print their own flight plans and weather off, pay for uniforms , pay own accommodation when in the Sim every six months, half sector pay for six months, 25 minute turnarounds, bring own lunch to work + tea bags and coffee, standing in the rain with your headset on while your A/C is being fuelled
Welcome to the real world, and WELCOME TO RYANAIR
Welcome to the real world, and WELCOME TO RYANAIR
Join Date: Oct 2006
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Ryanair to purchase First Choice Airways
News just in from a very reliable and trustworthy source;
"It will be announced within the next fortnight that Ryanair will be making a cash offer to the First Choice Group for the airline section of the company - formally Air 2000."
What do we think off that then!
Ryanair obvioulsy fancies a part of the bucket and spade bregade!!! Im sure the First Choice pilots will think its a good move! With the FR 787 and 777 order just over the horizon - great for the old flying shell suits!
"It will be announced within the next fortnight that Ryanair will be making a cash offer to the First Choice Group for the airline section of the company - formally Air 2000."
What do we think off that then!
Ryanair obvioulsy fancies a part of the bucket and spade bregade!!! Im sure the First Choice pilots will think its a good move! With the FR 787 and 777 order just over the horizon - great for the old flying shell suits!