Aer Lingus - 4
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6 Airbus A350-XWBs, 6 A330-300Es
at "substantial discounts"
First aircraft to be delivered in 2009
"an option to buy a further 6 A350XWBs for delivery by 2018"
cesare.caldi->The available rotations out of Cork would allow for operation to the UK or near cities in mainland Europe. Probably no further than Amsterdam or Paris.
at "substantial discounts"
First aircraft to be delivered in 2009
"an option to buy a further 6 A350XWBs for delivery by 2018"
cesare.caldi->The available rotations out of Cork would allow for operation to the UK or near cities in mainland Europe. Probably no further than Amsterdam or Paris.
Last edited by 840; 6th Jun 2007 at 09:33.
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It's Airbus alright:
Aer Lingus Group plc
Aer Lingus to double long-haul fleet
Airbus A330-300E and A350 XWB selected
Dublin, 6th June 2007
Aer Lingus Group plc (“Aer Lingus” or the “Airline”) today announces a substantial expansion of its long haul fleet. The Airline has selected the new Airbus A350 XWB (extra wide body) and A330-300E (enhanced) aircraft to underpin its long haul growth strategy. This follows an extensive evaluation process and intensive negotiations and will allow the Airline to double its long haul fleet to fourteen Airbus aircraft by 2014.
Aer Lingus will take delivery of six new A330–300E and six new A350 XWB aircraft, valued at $2.4bn at catalogue prices, with deliveries commencing in 2009. Substantial discounts off the catalogue prices have been negotiated. In addition, Aer Lingus will also be granted the option to purchase a further six A350 XWB aircraft for delivery by 2018.
This transaction is subject to shareholder approval, which will be sought at a specially convened Extraordinary General Meeting.
The expansion of the Aer Lingus long haul fleet commenced in 2007 with the delivery of a new A330-200E aircraft in May, to be followed by an A330-300E scheduled for delivery in June 2007, bringing the long haul fleet to nine aircraft. The transaction announced today will bring the long haul fleet to fourteen aircraft in 2014 through the delivery of five additional aircraft and the replacement of three older aircraft (one in 2009 and two in 2011). A further four aircraft will be replaced in 2015 and 2016. In addition, over the next few years Aer Lingus will be substantially improving the levels of passenger comfort in its existing aircraft in an upgrade programme.
The new A330–300E will offer increased passenger comfort coupled with greater fuel efficiency and a reduced environmental footprint. The A350 XWB is Airbus’ newest aircraft and will be the world’s most technologically advanced. It is designed to increase productivity, offer unparalleled levels of passenger comfort in its class whilst reducing operating costs. The A350 XWB will also be one of the most fuel-efficient commercial aircraft in the world.
Commenting on the announcement, Aer Lingus’ Chief Executive Dermot Mannion said, “Following the successful IPO last autumn, in which we raised significant capital, we are pleased to announce this investment in new long haul aircraft. These aircraft are key to our growth ambitions which include new routes to the U.S. following the Open Skies agreement. The aircraft will complement our existing Airbus fleet and enhance our long haul network whilst offering a superior product to customers.”
Speaking at the announcement, Airbus Chief Operating Officer, Customers, John Leahy said, “We are absolutely delighted that Aer Lingus has chosen to modernise and expand its Airbus fleet. The A350 XWB will bring Aer Lingus industry leading operating costs and offer its customers best-in-class passenger comfort. The A330’s continued winning economics and design is reinforced by the order.”
Aer Lingus to double long-haul fleet
Airbus A330-300E and A350 XWB selected
Dublin, 6th June 2007
Aer Lingus Group plc (“Aer Lingus” or the “Airline”) today announces a substantial expansion of its long haul fleet. The Airline has selected the new Airbus A350 XWB (extra wide body) and A330-300E (enhanced) aircraft to underpin its long haul growth strategy. This follows an extensive evaluation process and intensive negotiations and will allow the Airline to double its long haul fleet to fourteen Airbus aircraft by 2014.
Aer Lingus will take delivery of six new A330–300E and six new A350 XWB aircraft, valued at $2.4bn at catalogue prices, with deliveries commencing in 2009. Substantial discounts off the catalogue prices have been negotiated. In addition, Aer Lingus will also be granted the option to purchase a further six A350 XWB aircraft for delivery by 2018.
This transaction is subject to shareholder approval, which will be sought at a specially convened Extraordinary General Meeting.
The expansion of the Aer Lingus long haul fleet commenced in 2007 with the delivery of a new A330-200E aircraft in May, to be followed by an A330-300E scheduled for delivery in June 2007, bringing the long haul fleet to nine aircraft. The transaction announced today will bring the long haul fleet to fourteen aircraft in 2014 through the delivery of five additional aircraft and the replacement of three older aircraft (one in 2009 and two in 2011). A further four aircraft will be replaced in 2015 and 2016. In addition, over the next few years Aer Lingus will be substantially improving the levels of passenger comfort in its existing aircraft in an upgrade programme.
The new A330–300E will offer increased passenger comfort coupled with greater fuel efficiency and a reduced environmental footprint. The A350 XWB is Airbus’ newest aircraft and will be the world’s most technologically advanced. It is designed to increase productivity, offer unparalleled levels of passenger comfort in its class whilst reducing operating costs. The A350 XWB will also be one of the most fuel-efficient commercial aircraft in the world.
Commenting on the announcement, Aer Lingus’ Chief Executive Dermot Mannion said, “Following the successful IPO last autumn, in which we raised significant capital, we are pleased to announce this investment in new long haul aircraft. These aircraft are key to our growth ambitions which include new routes to the U.S. following the Open Skies agreement. The aircraft will complement our existing Airbus fleet and enhance our long haul network whilst offering a superior product to customers.”
Speaking at the announcement, Airbus Chief Operating Officer, Customers, John Leahy said, “We are absolutely delighted that Aer Lingus has chosen to modernise and expand its Airbus fleet. The A350 XWB will bring Aer Lingus industry leading operating costs and offer its customers best-in-class passenger comfort. The A330’s continued winning economics and design is reinforced by the order.”
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The question now becomes one of shareholder approval.
Could Ryanair try to block the deal? If they decided to be obstructionist, 2/3 of the remaining shareholders would have to be persuaded.
Could Ryanair try to block the deal? If they decided to be obstructionist, 2/3 of the remaining shareholders would have to be persuaded.
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Why would he want to frustrate their growth, if he was a shareholder; that would only devalue FR's shares in the airline?
As part of this deal, EI will be replacing three (?) older A330s - the existing -300s, 'JFK, 'ORD, 'DUB or 'CRK (which?) - which explains why these aren't being refitted with new IFE.
The airline hasn't said what models the new A350s will be; I'm assuming -900s, although one of the articles I read suggested that some of the current fleet will be replaced around 2015-16, so we will probably see -800s in EI livery.
Anyway, it's great news for EI; the phrase "about bloody time" jumps to mind!
Anyone know a delivery date for the new -300, 'DUZ?
As part of this deal, EI will be replacing three (?) older A330s - the existing -300s, 'JFK, 'ORD, 'DUB or 'CRK (which?) - which explains why these aren't being refitted with new IFE.
The airline hasn't said what models the new A350s will be; I'm assuming -900s, although one of the articles I read suggested that some of the current fleet will be replaced around 2015-16, so we will probably see -800s in EI livery.
Anyway, it's great news for EI; the phrase "about bloody time" jumps to mind!
Anyone know a delivery date for the new -300, 'DUZ?
6 Airbus A350-XWBs, 6 A330-300Es
at "substantial discounts"
According to this article on The Times a couple of weeks ago, Airbus are offering the A350XWB for $102million each, a 'substantial discount' against a list price of $189million for the -800 and $215million for the -900.
http://business.timesonline.co.uk/to...cle1680645.ece
Interesting to note it also claims Boeing are offering the 787 at $102million each.
at "substantial discounts"
According to this article on The Times a couple of weeks ago, Airbus are offering the A350XWB for $102million each, a 'substantial discount' against a list price of $189million for the -800 and $215million for the -900.
http://business.timesonline.co.uk/to...cle1680645.ece
Interesting to note it also claims Boeing are offering the 787 at $102million each.
Well a decision has been made and that's good news. Hopefully the company can now concentrate on growing the LH offering, both in terms of routes and service offering.
Does anyone know what the differences between the 330 "Enhanced" and the 330 "Bog standard" are?
Akerosid, refering back to your post in May regarding the 330 leases;
I'm guessing part of the agreement is that newer/fresher and ligher airframes are supplied at least as an interim from Airbus ASAP. Anyone know what the situation with available A330's for lease is?
JAS
Does anyone know what the differences between the 330 "Enhanced" and the 330 "Bog standard" are?
Akerosid, refering back to your post in May regarding the 330 leases;
EI-EWR is an ILFC aircraft (scheduled lease expiry some time in 2007)
EI-CRK is an ILFC aircraft (scheduled lease expiry in July 2007)
EI-DUB is also an ILFC aircraft (scheduled lease expiry some time in 2008)
EI-JFK is apparently managed by Airbus Asset Management (scheduled lease expiry in August 2008)
EI-CRK is an ILFC aircraft (scheduled lease expiry in July 2007)
EI-DUB is also an ILFC aircraft (scheduled lease expiry some time in 2008)
EI-JFK is apparently managed by Airbus Asset Management (scheduled lease expiry in August 2008)
JAS
Payments & Salaries
According to RTE ...
http://www.rte.ie/business/2007/0612/PRESSWATCH.html
That said, the Irish Independent claims ...
http://www.independent.ie/business/s...ch-696741.html
Well holy god ....
JAS
PENSION TOP-UP FOR AER LINGUS CHIEF - The Irish newspaper report on details contained in annual reports published by two of Ireland's leading companies.
The Irish Times says Aer Lingus chief executive Dermot Mannion received a €200,000 top-up to his pension fund last year as part of his €982,000 overall pay package from the airline.
The paper says the pension top-up was part of a 'special bonus' agreed by Aer Lingus and Mr Mannion in a service agreement signed on April 22 2005. That also allowed for a 'one-time' payment of up to one-year's basic salary for exceptional performance. Mr Mannion earned a basic salary in 2006 of €380,000.
The Irish Times says Aer Lingus chief executive Dermot Mannion received a €200,000 top-up to his pension fund last year as part of his €982,000 overall pay package from the airline.
The paper says the pension top-up was part of a 'special bonus' agreed by Aer Lingus and Mr Mannion in a service agreement signed on April 22 2005. That also allowed for a 'one-time' payment of up to one-year's basic salary for exceptional performance. Mr Mannion earned a basic salary in 2006 of €380,000.
That said, the Irish Independent claims ...
Tuesday June 12 2007
THE average staff-cost at Aer Lingus is still close to €75,000, despite more than six years of cost-cutting at the national carrier.
Figures released yesterday show that the airline paid its staff average salaries of just over €64,000 in 2006. Pension costs per employee came in at an average of €4,800, while social welfare costs averaged €5,600 per person.
THE average staff-cost at Aer Lingus is still close to €75,000, despite more than six years of cost-cutting at the national carrier.
Figures released yesterday show that the airline paid its staff average salaries of just over €64,000 in 2006. Pension costs per employee came in at an average of €4,800, while social welfare costs averaged €5,600 per person.
Well holy god ....
JAS
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Mannion is quoted in today's WSJ, saying that EI is "putting Airbus's feet to the fire" over the A350's performance guarantees.
Incidentally, some possibly not so good news; one of the departments the Greens are allegedly looking for is ... Transport. They have apparently been offered one senior and one "super junior" ministry and the two they're apparently most interested in are Transport and Environment. Sargent is likely to be the Green's cabinet minister, in which case - if they get transport, get ready for full reverse thrust/RTO braking on air transport policy. The second runway will probably be nixed for a start (Sargent being a Dublin North TD) and don't be optimistic about progress on other areas. I'd like to believe Bertie would have more sense, but I'm not optimistic ...
Incidentally, some possibly not so good news; one of the departments the Greens are allegedly looking for is ... Transport. They have apparently been offered one senior and one "super junior" ministry and the two they're apparently most interested in are Transport and Environment. Sargent is likely to be the Green's cabinet minister, in which case - if they get transport, get ready for full reverse thrust/RTO braking on air transport policy. The second runway will probably be nixed for a start (Sargent being a Dublin North TD) and don't be optimistic about progress on other areas. I'd like to believe Bertie would have more sense, but I'm not optimistic ...
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Well, things can't get any worse given that the present Minister for Transport has proved completely incompetent in my view. Even if the Greens don't get the transport portfolio, I imagine that Transport will get a new minister from the FF side.
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Originally Posted by akerosid
Incidentally, some possibly not so good news; one of the departments the Greens are allegedly looking for is ... Transport.
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In fairness to poor old MC, and I admit that I have criticised him on occasions, but if you look at what happened on his watch, it's not at all bad. More could have been done of course, but I don't think aviation has done that badly by him. We have Open Skies (and yes, that might have happened anyway, BUT had the govt not done a special deal with the US, we could have had to wait until next March to see new routes started). And there's Canada too.
I think the big fault with this govt as far as aviation is concerned is the lack of proactivity; there is still no feeling of dynamism or direction, or even interest as far as aviation is concerned. One major fault is that the DAA seems to get away with murder from FF; I'd love to see Mary Harney take Transport, but she's apparently going to stick with Health. The DAA needs competition and responsibility needs to be taken for the airport's development, which FF has always seemed unwilling to do.
On the subject of EI's future development, here's a piece from Reuters:
http://uk.reuters.com/article/busine...70613?rpc=401&
- Growth ambitions to China, F/E, SA, but these are at the the end of a 5-6 year plan; US is the key focus.
- One new city on E Coast next year (PHL? MIA?), one midwest city (DFW?).
So, despite all the talk of BKK and other Asian cities, it looks like we'll be waiting until 2011-12 for these?
I think the big fault with this govt as far as aviation is concerned is the lack of proactivity; there is still no feeling of dynamism or direction, or even interest as far as aviation is concerned. One major fault is that the DAA seems to get away with murder from FF; I'd love to see Mary Harney take Transport, but she's apparently going to stick with Health. The DAA needs competition and responsibility needs to be taken for the airport's development, which FF has always seemed unwilling to do.
On the subject of EI's future development, here's a piece from Reuters:
http://uk.reuters.com/article/busine...70613?rpc=401&
- Growth ambitions to China, F/E, SA, but these are at the the end of a 5-6 year plan; US is the key focus.
- One new city on E Coast next year (PHL? MIA?), one midwest city (DFW?).
So, despite all the talk of BKK and other Asian cities, it looks like we'll be waiting until 2011-12 for these?
I have to agree with the point about pragmatisim ...
After all, which is the less green of the two options ....
A second runway allowing for free, speedy and efficient flow of aircraft in and out of the airport
or
No second runway with aircraft queued up at the 28/10 holding points and still more flying circuits around the TULSO/NASRI/ROKNA and god knows what other holding points around the city and bay all buring fuel going nowhere just waiting for a runway slot.
At the end of the day, Aviation is a form of mass public transport, and aren't the greens all for speedy, efficient, public transport free from congestion?
JAS
After all, which is the less green of the two options ....
A second runway allowing for free, speedy and efficient flow of aircraft in and out of the airport
or
No second runway with aircraft queued up at the 28/10 holding points and still more flying circuits around the TULSO/NASRI/ROKNA and god knows what other holding points around the city and bay all buring fuel going nowhere just waiting for a runway slot.
At the end of the day, Aviation is a form of mass public transport, and aren't the greens all for speedy, efficient, public transport free from congestion?
JAS
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Can you show this with examples?
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Hafez:
It is not per week, it is per month. Ryrs claims about salaries are to reality what night is to day. The website claims are lies from start to finish.
The basic co-pilot salary is €15,000 per annum, with no sector pay (you can find this elsewhere on pprune). The basic captains salary in DUB is now around €66,000 p.a. Far cry from the sites claims I think you'll agree.
It is not per week, it is per month. Ryrs claims about salaries are to reality what night is to day. The website claims are lies from start to finish.
The basic co-pilot salary is €15,000 per annum, with no sector pay (you can find this elsewhere on pprune). The basic captains salary in DUB is now around €66,000 p.a. Far cry from the sites claims I think you'll agree.
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Camelhair....
Ryanair BASIC maybe 800 but lets not forget the commission which is rather high in Ryanair. It is a well known fact that the majority of the crew work for the commission just like serving staff in the states work for tips!!!!
As for the pilots earing 1000 a month, well they are probably the ones who MOL is paying to have their training completed!!!
Finally EI-RB.... as for the Aer Lingus ground staff... well miserable is what you get when the company you work for and once treated you well starts to take, take and take! Its all relative. It is not the staff who are letting the customers down but the management making the decisions that are ticking off the staff. You said it yourself...."EI are really letting their standards go down the drain"!!!!
Ryanair BASIC maybe 800 but lets not forget the commission which is rather high in Ryanair. It is a well known fact that the majority of the crew work for the commission just like serving staff in the states work for tips!!!!
As for the pilots earing 1000 a month, well they are probably the ones who MOL is paying to have their training completed!!!
Finally EI-RB.... as for the Aer Lingus ground staff... well miserable is what you get when the company you work for and once treated you well starts to take, take and take! Its all relative. It is not the staff who are letting the customers down but the management making the decisions that are ticking off the staff. You said it yourself...."EI are really letting their standards go down the drain"!!!!