Aer Lingus - 5
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Originally Posted by riptack
On the topic of Aer Arann's survival I meant no disrepect to any of its employees I just gave my own opinion. The facts are widely available for anybody to read in the Irish and International media, no inside information is even needed. I'm sure those who work there already have a perfect insight into what could happen without mine or anybody elses comments. What I was interested in is the Aer Lingus response to possibly loosing its regional operator.
Last edited by dublinaviator; 13th Sep 2010 at 12:53.
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Dublinaviator I'm absulotely not interested in getting into a slaging match of my opinion versus yours! I don't have an agenda and I don't wish Aer Arann any ill, in fact I really wish that they were in a better financial position. I think the facts on Aer Arann are in the media, everyone is entitled to read them and come to their own conclusions.
A quick look at just one Irish Times article at Aer Arann attracts 14 offers - The Irish Times - Thu, Sep 09, 2010
States:
"...the airline, which leases 13 aircraft, had lost about €6 million in each of the three years... The court heard that creditors included AIB, which was owed €3.9 million; the Revenue Commissioners; Dublin Airport Authority; Aer Lingus; and the Irish Aviation Authority."
Loses of 18m and owing more than 4m, there's alot of seat sales to make that back.
What I am interested in is how Aer Lingus might respond to a loss of franchise partner.
A quick look at just one Irish Times article at Aer Arann attracts 14 offers - The Irish Times - Thu, Sep 09, 2010
States:
"...the airline, which leases 13 aircraft, had lost about €6 million in each of the three years... The court heard that creditors included AIB, which was owed €3.9 million; the Revenue Commissioners; Dublin Airport Authority; Aer Lingus; and the Irish Aviation Authority."
Loses of 18m and owing more than 4m, there's alot of seat sales to make that back.
What I am interested in is how Aer Lingus might respond to a loss of franchise partner.
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Slagging match?! Would yeh get real...
riptack, making wild statements like "I think Aer Arann is going to be packed up" isn't giving your opinion, thats stirring the sh*t.
Discuss Aer Lingus Regional all you want, but don't make wild statements on something you're not in a position to come to any conclusion on, particularly when the examiner himself has said the airline is viable.
riptack, making wild statements like "I think Aer Arann is going to be packed up" isn't giving your opinion, thats stirring the sh*t.
Discuss Aer Lingus Regional all you want, but don't make wild statements on something you're not in a position to come to any conclusion on, particularly when the examiner himself has said the airline is viable.
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Aer Lingus
Dublinaviator, I think you are being a little unfair to Riptack. This is a forum where everybody can share their views whether we like them or not. Personally, I'm inclined to believe that Aer Arran wont be 'packed in', but I am interested to hear the views of those who think it might be too. I think what Riptack is interested in is the possibility of a plan B which Aer Lingus might have IF (and only IF) Aer Arran went to the airline graveyard in the sky anytime in the future.
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Aer Lingus
Apologies....I have always had problems with the spelling of Aer Arann, sometimes I get it right and sometimes I don't. I noticed in a contribution to another forum that I spelt Brussels 'Brussles' not once but 3 times. Sorry.
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Aer Lingus Steps Up Alliance Talks With British Airways, Rivals, CEO Says - Bloomberg
looks like Aer Lingus is stepping up alliance talks with One World, we already knew this i know but makes interesting reading
looks like Aer Lingus is stepping up alliance talks with One World, we already knew this i know but makes interesting reading
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Report from Reuters today says Muller is exploring links the 3 alliances but admits it is not an easy one as all have attractions for EI. He also indicates a willingness to selling a minority stake to a larger airline. Lufthansa buying a bit of SN Brussels is quoted as a model
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Heres a report on AirWise News: Aer Lingus Eyes Consolidation Via Stake Sale
I know Bloomberg were reporting Aer Lingus was stepping up negotiations with OneWorld, but I really can't see them rejoining the OW alliance. Christoph Mueller has a clear vision not just for Aer Lingus, but for Dublin, and that doesn't tie in with what BA have in mind, which is to continue Aer Lingus as a feeder airline into Heathrow.
For Aer Lingus to turn Dublin into a significant connecting hub, they can only do this in Star Alliance or SkyTeam. The last thing BA want is for them to lose connecting traffic from Ireland, which accounts for around 10% of their total long-haul revenue, although maybe this might force to make Aer Lingus a serious offer?
And then theres the fact that in recent months we've seen Aer Lingus step up links with Star Alliance carriers with the new codeshare agreement with Spanair, and the announcement that they're expanding on their Joint Venture with United Airlines. The fact that the timings into Star Alliance hubs have also been changed for the Winter schedules to allow better connections is also an indication that Aer Lingus is leading towards Star Alliance.
So I'm not ruling OneWorld out, but my moneys on Star Alliance.
I know Bloomberg were reporting Aer Lingus was stepping up negotiations with OneWorld, but I really can't see them rejoining the OW alliance. Christoph Mueller has a clear vision not just for Aer Lingus, but for Dublin, and that doesn't tie in with what BA have in mind, which is to continue Aer Lingus as a feeder airline into Heathrow.
For Aer Lingus to turn Dublin into a significant connecting hub, they can only do this in Star Alliance or SkyTeam. The last thing BA want is for them to lose connecting traffic from Ireland, which accounts for around 10% of their total long-haul revenue, although maybe this might force to make Aer Lingus a serious offer?
And then theres the fact that in recent months we've seen Aer Lingus step up links with Star Alliance carriers with the new codeshare agreement with Spanair, and the announcement that they're expanding on their Joint Venture with United Airlines. The fact that the timings into Star Alliance hubs have also been changed for the Winter schedules to allow better connections is also an indication that Aer Lingus is leading towards Star Alliance.
So I'm not ruling OneWorld out, but my moneys on Star Alliance.
Delusional punting by a lazy journo
Aer Lingus can't sell any stake because they don't own any.
They could of course attempt to issue more shares.
Somehow can't see that happening if its only purpose was to give them to another airline. Existing shareholders would be unlikely to approve a mass dilution of their shareholding for nothing in return. Increasing number of shares by 200 million doesn't make the company worth any more hence why would anybody with an existing shareholding agree to it.
As for its Gross Cash, that is pretty much irrelevant as its what they have Net that is important.
Aer Lingus can't sell any stake because they don't own any.
They could of course attempt to issue more shares.
Somehow can't see that happening if its only purpose was to give them to another airline. Existing shareholders would be unlikely to approve a mass dilution of their shareholding for nothing in return. Increasing number of shares by 200 million doesn't make the company worth any more hence why would anybody with an existing shareholding agree to it.
As for its Gross Cash, that is pretty much irrelevant as its what they have Net that is important.
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Heres the full Aviation Week article: Aer Lingus Back in the Game | AVIATION WEEK
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And breakingnews.ie reporting Aer Lingus are "up for sale":Aer Lingus boss talks to prospective investors | BreakingNews.ie
More on it here: Aer Lingus CEO Mueller goes shopping for buyer as BA eyes likely targets | The Australian
More on it here: Aer Lingus CEO Mueller goes shopping for buyer as BA eyes likely targets | The Australian
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As for its Gross Cash, that is pretty much irrelevant as its what they have Net that is important.
Interestingly though, when you consider the Gross and Net Cash position of the company as per the latest financial statements, it is exceptionally strong.
In fact, when cash reserves (be that Gross or Net) are proportionalised in relation to the overall size of operations, Aer Lingus are significantly ahead of several other airlines.
Indeed, the company has approximately EUR 101,000 (Net Cash) on hand on a per employee basis.
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Quick question. Looking to book Orlando next summer and direct flight very attractive with EI. Will it pre clear immigration? Also when is best time to book. are are likely to drop prices if we wait or should we grab them early.
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When T2 opens, it is proposed that not only will you pre-clear immigration, you will also pre-clear customs. This will allow EI to fly into ANY airport in the US (assuming it has a long enough runway!). Most likely they will fly into the same airports but move to domestic terminals such as Jetblue`s in JFK, thus ensuring a smoother travel experience for their codeshare pax.
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Can anyone tell me what new business this expensive facility will bring. Shannon launched it in a blaze of publicity last year and has yet to attract any new customers. At one stage there was talk of up to 60 Executive jets per day diverting in to clear customs. This hasn't materialised either.