Aer Lingus - 6
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Dry spell set to continue.
If the Spell of warm sunny weather continues into July, it'll no doubt affect the load factors and yields on all those bucket and spade routes that Aerlingus have become so fond of in recent years.
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Two days of sunshine and its a supposed heat wave. Last week it was grey and cold in the middle of summer. May was full of rain. No doubt there will be rain along soon enough. The only decent summer in Ireland was about 10 years ago. Still the great unwashed have little idea of the vagaries of the Irish weather systems so no doubt will be blindly lead by the Irish Daily Star - a red top over here.
Join Date: Oct 2010
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In regards to Sober larks 'report' above:
What benefit would it be to crew to go sick 2 hours into a flight and then to have to be medically examined after landing back at base? Wouldn't a "green flu" be better to happen just before boarding?
In addition, no mention in the media of the passengers who were also feeling ill onboard.
What benefit would it be to crew to go sick 2 hours into a flight and then to have to be medically examined after landing back at base? Wouldn't a "green flu" be better to happen just before boarding?
In addition, no mention in the media of the passengers who were also feeling ill onboard.
I call you back
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MCDU2 " Tis the usual threat since they don't want to have to deal with the labour court recommendations on rostering that they were meant to deal with over the past few years. Instead make a threat, bury your head in the sand and hope that the problem goes away.
Incidentally overseas bases have been rumoured for the past few years for pilots. Both the US and gulf have been mentioned."
Tell me, did the unions accept the Labour Court rec on the pension?
Incidentally overseas bases have been rumoured for the past few years for pilots. Both the US and gulf have been mentioned."
Tell me, did the unions accept the Labour Court rec on the pension?
Join Date: Aug 2008
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EI BUDAPEST
Perhaps a stupid query - but but comments welcome
thanks
I wish to book a rtn flt to Budapest in Sept and notice EI 1672 departs DUB at 7.20 AM arriving at 11.10
But returning flt is EI 1679 which departs 20.40 ?
What happens to the EI 1672 having landed at 11.10 does this flight not return to Dublin within the hour or so ?
thanks
I wish to book a rtn flt to Budapest in Sept and notice EI 1672 departs DUB at 7.20 AM arriving at 11.10
But returning flt is EI 1679 which departs 20.40 ?
What happens to the EI 1672 having landed at 11.10 does this flight not return to Dublin within the hour or so ?
Join Date: Nov 1999
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Perhaps a stupid query - but but comments welcome
thanks
I wish to book a rtn flt to Budapest in Sept and notice EI 1672 departs DUB at 7.20 AM arriving at 11.10
But returning flt is EI 1679 which departs 20.40 ?
What happens to the EI 1672 having landed at 11.10 does this flight not return to Dublin within the hour or so ?
thanks
I wish to book a rtn flt to Budapest in Sept and notice EI 1672 departs DUB at 7.20 AM arriving at 11.10
But returning flt is EI 1679 which departs 20.40 ?
What happens to the EI 1672 having landed at 11.10 does this flight not return to Dublin within the hour or so ?
According to todays (27th June) business news Aer Lingus have agreed to a one-off payment of €146M to plug the current pension gap.
So €104 million on float as full and final settlement on pensions, €30M in paying employees taxation when they were made redundant and immediately hired back and now €191 million on more pension contributions.
Nice way to spend €320 million until the next Final settlement payment required not covered by this.
Remind me again,
How much did Ryanair write off due to its attempt to take over Aer Lingus,
not counting legal fees which are still accruing ?
As to the Aer Lingus pension injection, while not agreeing with it,
at least most of the money will remain in Ireland and will help Irish families buy Irish goods and services, including flights, so do not look on it as money wasted.
How much did Ryanair write off due to its attempt to take over Aer Lingus,
not counting legal fees which are still accruing ?
As to the Aer Lingus pension injection, while not agreeing with it,
at least most of the money will remain in Ireland and will help Irish families buy Irish goods and services, including flights, so do not look on it as money wasted.
Remind me again,
How much did Ryanair write off due to its attempt to take over Aer Lingus,
not counting legal fees which are still accruing ?
As to the Aer Lingus pension injection, while not agreeing with it,
at least most of the money will remain in Ireland and will help Irish families buy Irish goods and services, including flights, so do not look on it as money wasted.
How much did Ryanair write off due to its attempt to take over Aer Lingus,
not counting legal fees which are still accruing ?
As to the Aer Lingus pension injection, while not agreeing with it,
at least most of the money will remain in Ireland and will help Irish families buy Irish goods and services, including flights, so do not look on it as money wasted.
Aer Lingus made €61M and already stating that likely to be hit by 20% by staff strikes
BBC News - Aer Lingus warns of 20% profits hit
So based on assumming they make €50m in full year as indicated by Aer Lingus is forking out almost 4 times profits in cash.................love to know how they will pay for it.
As for helping Irish economy I think like most economies you can pretty much assume that a lot of this spend will go on imported foreign goods from China.
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If I see another comparison between FR/EI I might vomit. Quit it already! They are nothing alike!
They are more than capable of paying for it with the unrestricted cash piles EI has. Legally also this would be the final contribution by Aer Lingus to the IASS, so you may need to correct your wording of ''probably not the last''.
love to know how they will pay for it.
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Aer Lingus has always been in a no win position, when it comes to the IASS. Deficiencies in the funding of the scheme should have been identified, or if they had been, acted upon, at a much earlier stage. Even before flotation! For that reason I believe the Irish government should bear some of the blame for this situation.
The scheme has been poorly managed for decades! Is that the fault of the beneficiarys? Probably not!
The government, Aer lingus, Aer Rianta have all stuck their heads in the sand for years.
Surely it should now be, Aer Lingus, Aer Rianta AND the government, sticking their hands in their pockets?
Somebody should also be putting the Trustees under scrutiny. They have failed miserably in their role!
The scheme has been poorly managed for decades! Is that the fault of the beneficiarys? Probably not!
The government, Aer lingus, Aer Rianta have all stuck their heads in the sand for years.
Surely it should now be, Aer Lingus, Aer Rianta AND the government, sticking their hands in their pockets?
Somebody should also be putting the Trustees under scrutiny. They have failed miserably in their role!
Last edited by Epsomdog; 28th Jun 2014 at 10:54. Reason: Addition of trustees
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I would agree with the above.....the damage to the IASS was set in motion 10-15-20 years ago. Its the current DAA and EI that are taking the financial hit...
.....however I read the EI response to the expert panel decision. SO it looks like EI have agreed to add approx E50M to the figure mooted a few months back. In exchange they will receive written confirmation from individual staff members absolving EI of any further responsibility. So finally EI will be able to remove the IASS fund from their purview. I would see that as a worthwhile longterm investment of E191M overall. (140M + 51M)
A problem may arise in that the E191M figure is sufficient NOW....it will grow over the next 2-3 months. (Same way that the E140M figure was sufficient 12 months ago) So EI need to get this deal signed off ASAP so they can wash their hands of it.
And Racedo please stop bringing up the E30M fine/tax payment paid out by EI over the 'leave and return' scheme. That is not relevant to the pension discussion or any other current IR issues. That was 100% a mistake of the then Mgmt team,who tried to pull a fast one. So responsibility for that lies with them (the current Chief Commercial officer is the only person involved in that to still be with EI)
Even counting the 191M possible payout, EI will still be left with over E800M in their cash reserves....that's a lot more than pretty much every other Euro airline. In addition EI have stated that they will impose a salary freeze and cost reduction changes to recoup the E191M over time. So in reality EI will only be paying out the cash knowing that they will save that figure (and more I expect) over the next 5-10 years.
.....however I read the EI response to the expert panel decision. SO it looks like EI have agreed to add approx E50M to the figure mooted a few months back. In exchange they will receive written confirmation from individual staff members absolving EI of any further responsibility. So finally EI will be able to remove the IASS fund from their purview. I would see that as a worthwhile longterm investment of E191M overall. (140M + 51M)
A problem may arise in that the E191M figure is sufficient NOW....it will grow over the next 2-3 months. (Same way that the E140M figure was sufficient 12 months ago) So EI need to get this deal signed off ASAP so they can wash their hands of it.
And Racedo please stop bringing up the E30M fine/tax payment paid out by EI over the 'leave and return' scheme. That is not relevant to the pension discussion or any other current IR issues. That was 100% a mistake of the then Mgmt team,who tried to pull a fast one. So responsibility for that lies with them (the current Chief Commercial officer is the only person involved in that to still be with EI)
Even counting the 191M possible payout, EI will still be left with over E800M in their cash reserves....that's a lot more than pretty much every other Euro airline. In addition EI have stated that they will impose a salary freeze and cost reduction changes to recoup the E191M over time. So in reality EI will only be paying out the cash knowing that they will save that figure (and more I expect) over the next 5-10 years.
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Closure ?
Well the markets like this news of a potential final closure of this long running sore,judging by the rise in share price Friday, so let's hope it's the final chapter .
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The airline has a gross cash of €1.02bn as of Q1 FY14, of which €553.7m is net - Just €19.5m of net is restricted.
Even counting the 191M possible payout, EI will still be left with over E800M in their cash reserves
In addition EI have stated that they will impose a salary freeze and cost reduction changes to recoup the E191M