Aer Lingus - 6

[Jack1985]

Probably both were scheduled to be operated by the same crew.

That's correct, It's typical of how Aer Lingus staff short-haul routes for example of the 4 daily Cork to Heathrow flights 2 of each are operated by separate crews.

[EI-A330-300]

Those crew had to operate a charter to GVA from LGW on Sunday morning which will explain the cancellation on Saturday and the Titan sub in for DUB, We are talking about 2 out of 3 flights being cancelled in a 4 hour period on a Saturday evening. I expect loads were ver light and well below 100 per flight so many passengers would of transferred to the flight that operated.

EI have just taken on crew but on the other hand they have added a lot of extra flights for the summer much lather than normal which is good that demand is high but they are dealing with crew remember they don't have crew that they can get or drop like certain other carriers do.

They had extra capacity on Sunday morning,

[eick320]

More canx flights.

To my knowledge 6 sectors were cancelled into and out of Dublin today due crew shortages, unfortunately there isn't any quick fix coming. Shame to have aircraft, passengers ready to fly but no crew to operate.

[EI-A330-300]

To my knowledge 6 sectors were cancelled into and out of Dublin today due crew shortages, unfortunately there isn't any quick fix coming. Shame to have aircraft, passengers ready to fly but no crew to operate.

Indeed and passengers from 4 were all transferred and Titan are planned to operate an extra out to ALC tomorrow as their is no A321 free to do it.

New crew started this week and more due to start 29 July AFAIK, Saturday only seems to be the problem.

[DollarBill]

Again we see the short sighted nature of EI mgmt....

get staff costs down by reducing numbers....."oh no we don't have enough staff to cover disruptions/sick leave/maternity"........

I'm sorry, but training new staff at the height of the Summer makes no sense...they should have been trained in April/May at the latest, so that they could be deployed in June. It's not as if the Summer season came as a surprise (unlike the weather!)

This incident really highlights how EI is now being run by number cruncher's rather that aviation people.
How much does a Titan B767 cost? UK-DUB-ALC-DUB-UK...Keep in mind that EI seem to have at least 1 Titan per week recently.....How much do 10 cabin crew cost on a yearly basis?

Meanwhile the CEO gets a bonus of 110% of his salary.............

[barossavalley]

Ryanair offers to sell 29pc Aer Lingus stake

Only EU airlines who have obtained acceptances from 50.1% of Aer Lingus shareholders need apply
Ryanair Offers To Sell Aer Lingus Stake To Another EU Airline

[Aerlingus231]

Wow, big news.

Looking at that, that means:
1) They want an airline to buy EI, not investors or a hedge fund, so while that's not exactly what EI management were looking for, at least it won't be liquidated by a hedge fund.

2) This other airline will have to make a full takeover bid for EI.

My guess would be IAG despite them saying they want no involvement, although there would be a bit of a conflict between EI's and BA's Transatlantic networks, and if Ryanair make it their business to damage EI as much as possible, EI are really going to need to rely on a strong TA network and connections to and from it...

The Lufthansa group may be a possibility, but not as likely as IAG IMHO.

I can't see AF/KLM taking them on at the minute.

Any other airline/group in a position to acquire an airline?

[840]

In short, Ryanair have offered to sell itto nobody.

Without access to Ryanair's block of shares, any airline is looking for 72% of the outstanding shares, which means persuading the Irish Government and half of all remaining shareholders, including the employee groups.

[Aerlingus231]

Is that what they're saying? When I read it I understood it to mean that they'd sell it to anyone who was able to get 21.1% in addition to Ryanair's 29% stake to make it 50.1% . No?

[840]

They aren't clear, but there's no reason to believe that Ryanair are offering their shares up from that press release.

I interpret that to be a way of saying they're offering a remedy without any requirement to actually do anything.

[Shamrock350]

"WE'RE SELLING OUR STAKE IN AER LINGUS....actually no we're not, we're just trying to make a point"

Not really news at all, just Ryanair mouthing off. Now if they made a big announcement about selling it to Etihad, that would be news.

[Aerlingus231]

Infact, by making this announcement, they've effectively said they won't sell to Etihad.

[Shamrock350]

Like they were ever even going to consider that. That could be very beneficial to Aer Lingus and they can't have that kind of thing going on!

Ryanair's announcement today is a lot of noise without actually doing anything. Clever-ish.

[Cyrano]

Originally Posted by Aerlingus231

Is that what they're saying? When I read it I understood it to mean that they'd sell it to anyone who was able to get 21.1% in addition to Ryanair's 29% stake to make it 50.1% . No?

They're saying, "if you're an EU airline [b*gger off, Etihad] and you get acceptances from 50.1% of other EI shareholders, then we'll sell you our 29.8%").

As Shamrock350 says, this is much sound and fury, signifying nothing. Remember it doesn't come in a vacuum - the UK Competition Commission is firming up its findings, so Ryanair is in negotiation mode (just like its previous high-profile commitments for what it was going to do with Aer Lingus, made in response to EC mergers enquiries).

Yes, the UKCC was concerned about how Ryanair's shareholding might prevent a takeover of EI by an EU carrier, but it was also concerned about how it might prevent EI getting into JVs and other commercial relationships with other carriers, and Ryanair's offer today does nothing to address that.

[racedo]

Non EU party is not able to hold 50% in an EU airline........they the rules and not going to change because EU Govts will never want it to change.

UK Competition Committee claiming that by holding 29% they are blocking any bid, therefore in indicating that any EU airline with 50.1% can buy they are negating any claim they are blocking a bid.

Now of course you will see a huge rush of bidders...er No.

Will it see the share price jump spectacularly so those claiming EI is worth €3 billion will realise their fantasy..........

[Lord Lardy]

The appeal process appears to have begun before the verdict has been publicly announced. I suspect the findings will be a full sell off of their shareholding. The Ryanair proposal is as usual pure waffle.

Why would any airline bid for a shareholding that will be greatly depreciated from current value in the future under a forced sale.

[ayroplain]

I've read that statement a few times now and, far from being "waffle", I think it is very clever. The UKCC has already been exposed but this one finishes them off...........unless, of course, there HAS BEEN ALL THE TIME or IS an EU airline that wants EI and EI (and the Irish Government) wants them. Breath being held...............

[Sober Lark]

I wouldn't be leaping for joy (the incredibly short-sighted DAA can only be thrilled at the news) with what has happened being especially mindful of the temporarily good financial position which conceals the fact that Aer Lingus can't possibly prosper on its own.

[MCDU2]

SL - are you Racedos big brother?

AL is one of only 3 EU airlines making a profit. The bank accounts are bulging. The loads are jammed. Yields are high. It has shifted from being Ireland centric and is now focussed on code shares and inbound pax. Most longhaul flights are over half full of connections.

I can't wait to hear of your tales of woe.

[racedo]

I've read that statement a few times now and, far from being "waffle", I think it is very clever. The UKCC has already been exposed but this one finishes them off...........unless, of course, there HAS BEEN ALL THE TIME or IS an EU airline that wants EI and EI (and the Irish Government) wants them.

Unlikely because if they had an offer and withheld it deliberately from the market then any increase or decrease in share price could end up directors being sued by shareholders who sold too early or too late.

Also a Stock Exchange would look very unfavorably on any company or individual as potential for insider trading would be significant. It also a Jail term in many countries.