Aer Lingus - 5
Join Date: Oct 2006
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I'm open to correction but I believe the Indo offered a "too good to be true" deal that the Irish Times could not match, sale or return type of thing. Nothing to do with double ply or absorbent qualities.
Join Date: Mar 2005
Location: Ireland nowadays
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That's like the question of why when I get on BA, I'm confronted with a free copy of the Daily Mail. And then I get to read in it about how terrible BA are. Maybe the deal looks good from a business perspective, but it's counter-productive in its own way.
Join Date: Jun 2005
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Laura Noonan
Just out of Interest people, For those for you who read the papers who are not from Ireland Irish Independent News in Ireland & Worldwide | Irish Newspaper | News Stories Online*-*Independent.ie is the sight. Laura Noonan is the aviation journalist for the Irish Independent. You can look up her articles from previous days. I can not believe how biased she is to Ryanair about Aerlingus and Aer Arann(very anitcompetive). This wll give you an insight to raceco and others posts.
Racedo... why post so much about what BAD SHAPE Aer Lingus is in?
Do you also joing threads about the MANY other airlines who have LOST a lot more money than EI?
Do you also joing threads about the MANY other airlines who have LOST a lot more money than EI?
Aer Lingus own manangement is stating the figures so why not address them.
You address nothing, I've got a few moments so I logged on for a moment but this, this is your life you sad little f$£%. You raise no new points, you are not original in thought, you've got nothing! Sadly you post out dated info in a place where Laura can read it and as she has an agenda and is lazy she sometimes references posts made here which you then quote back at us.
Join Date: Apr 2008
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At least you for the first time criticise a ryanair guy as the CFO is a former ryanair director.
So when they are at ryanair they are genius, but when they go to aer lingus, there are idiots?
For me, if there are at ryanair there are bloddy low brain, and when they go to aer lingus, there are still the same unfortunately for aer lingus
So racedo, if ryanair is such a good company, why all the employees are leaving it???
I said 1 year ago that the turnover at ryanair was huge and impacting the results of the company, and some replied that it was not true bla bla bla, but of course it was true, it has btw always be true and is getting even worse
So when they are at ryanair they are genius, but when they go to aer lingus, there are idiots?
For me, if there are at ryanair there are bloddy low brain, and when they go to aer lingus, there are still the same unfortunately for aer lingus
So racedo, if ryanair is such a good company, why all the employees are leaving it???
I said 1 year ago that the turnover at ryanair was huge and impacting the results of the company, and some replied that it was not true bla bla bla, but of course it was true, it has btw always be true and is getting even worse
At least you for the first time criticise a ryanair guy as the CFO is a former ryanair director.
So when they are at ryanair they are genius, but when they go to aer lingus, there are idiots?
So when they are at ryanair they are genius, but when they go to aer lingus, there are idiots?
I criticise Mannion as he is Boss but have avoided commenting on anybody else and will continue that.
CFO doesn't make the decisions its the board that does and he reports progress on it.
To somehow suggest that were he not there then everything would be hunky dory for EI is actually suggesting an even worse scenario.
Namely that the board of EI knowingly recruited someone to destroy their business.
How would EI situation be improved if the current CFO wasn't there ????
Given EI issued quite a number of profits warnings in 2008 prior to his arrival then there were already existing issues.
Join Date: Dec 2005
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Interesting article about The Tailwind nominees, a group of EI pilot/investors setup to help counter the intial FR takeover attempt in the business section of the Indo today. I can't link it from where I am. Irish Independent News in Ireland & Worldwide | Irish Newspaper | News Stories Online - Independent.ie in the business section.
why are they liable for 15,000 more? racedo.
My reading of it is 10 million from BoS and 15 million from pilots (500 x 30k)...so 25m to buy shares at roughly 2.5- 3 euros each.....given shares publicly declared they bought is around 10 million.
Shares now worth 58 cents each or roughly 5.8M euros but loan has prob cost 1.5 million to service assumming int hasn't been rolled up into it plus judging by another thing in the link there have been lots of expenses for those running Tailwind.
They seem to have another Lender but nobody will lend 100% on value of share so even assuming 80% it means you get another loan of 5.5M with arrnagement fee but you need to pay back Bos the 10 M plus whatever they add on top.
and interest if been rolled up or paid monthly it would have been costing them every month..
My rough figures is suggesting 15k maybe a bit less but maybe a bit more as no way you you can repay BoS unless people putting hands in their pockets.
Worse if the pilots borrowed the money because initial investment is lost as share price would have to recover massively which is unlikely.
Any EI pilots want to confirm exact position ?
Join Date: Mar 2009
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Thanks for that. Does this mean RyanAir should right off their investment also? Can RyanAir afford to play the stock exchange now when their own share price is halved and I'm reading bad things here and in the press?
Join Date: Nov 1999
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Irish Times reports today that EI no longer wants the 4 A330s it has on order and is seeking to convert its A330 orders into A320-family aircraft to avoid having to pay cancellation penalties to Airbus. (Typo in the article, just for confusion: "A320" rather than "A330".)
Thanks for that. Does this mean RyanAir should right off their investment also? Can RyanAir afford to play the stock exchange now when their own share price is halved and I'm reading bad things here and in the press?
FR will post a write down of their investment of I reckon 130 million in Q4 accounts. It has no impact on cash as already paid for.
If EI share price rises from whatever it is when Yr end accounts closed then FR cannot take any rise into profit next year.
Join Date: Jan 2009
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FR will post a write down of their investment of I reckon 130 million in Q4 accounts. It has no impact on cash as already paid for.
Pffft.
Wot a larf!
The real figure is way higher. He spent 400M on Aer Lingus shares at an average of 2.50 a share. They are now worth around 60 cent, so he's lost 76% of his 'investment'. Thats 304M.
Keep up the great work! Just a few hundred mill more to go.
Fark the shareholders, plenty more where that came from....
Join Date: Mar 2009
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You'll have to explain this one slowly. FR have lost 130million protecting their share portfolio but this is OK as they may be able to declare any rise as profit at some future date. Sounds a little thin to me. Cash or no cash they are 130million less well off facing declining consumer demand and all these new aircraft to pay for. I appreciate your defending Mr O'Leary but are you sure he hasn't just screwed the pouch royally?
Join Date: Nov 2005
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but are you sure he hasn't just screwed the pouch royally?
However from deep inside the white house, minions such as racedo are paid to infiltrate sites such as these and others, politics.ie being another notable home of Fr yes men. Why, you ask? Because the media read these fora and a relentless barrage of your own "good" news and others "bad" serves to draw attention from the very real problems in FR. Every little helps it seems.