Aer Lingus - 6
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Originally Posted by heidelberg
Good to see the Aer Lingus two hours strike for next Monday called off.
Dublin, Shannon and Cork airports would have been closed if the strike went ahead.
The dispute is over a multi million shortfall in the pension pot.
Dublin, Shannon and Cork airports would have been closed if the strike went ahead.
The dispute is over a multi million shortfall in the pension pot.
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Angry Rebel
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And why would the airports be closed? Aer Lingus account for about 50% of traffic at both Cork and Dublin so why would they close?!
Because its not just Aer Lingus staff ( and not all off them) but it is the DAA staff pension as well - no airport staff = no airport open
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And why would the airports be closed? Aer Lingus account for about 50% of traffic at both Cork and Dublin so why would they close?!
Because its not just Aer Lingus staff ( and not all off them) but it is the DAA staff pension as well - no airport staff = no airport open
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Because its not just Aer Lingus staff ( and not all off them) but it is the DAA staff pension as well - no airport staff = no airport open
Last edited by EI-A330-300; 15th Nov 2012 at 09:11.
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You need to do your homework, this strile has noting to do with DAA staff over the pension issue. Its only Aer Lingus. Both company's have the problem with pensions but as usual Aer Lingus staff go on strike.
The reason being that the DAA agree a settlement with the pension fund. EI added conditions to their help, they want their staff to take an unspecified payfreeze and increase productivity. Which pretty much much means EI want their staff to inject their own work/money cash into the fund. They also refused to go to the Labour Court for arbitration on the matter.
The reason being that the DAA agree a settlement with the pension fund. EI added conditions to their help, they want their staff to take an unspecified payfreeze and increase productivity. Which pretty much much means EI want their staff to inject their own work/money cash into the fund. They also refused to go to the Labour Court for arbitration on the matter.
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Aer Lingus have lost out on LHR-EDI slots, not know who got them but expected to be Virgin.
Aer Lingus second in race for Heathrow slots - The Irish Times - Sat, Nov 17, 2012
Aer Lingus second in race for Heathrow slots - The Irish Times - Sat, Nov 17, 2012
Last edited by Jamie2k9; 16th Nov 2012 at 23:28.
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Good news so for existing Aer Lingus bases in Dublin, Cork, Belfast and Shannon..
On future transatlantic services from Dublin, would have thought that if EI reintroduced a SFO-DUB route with an onward service to Bangalore, it could possibly be quite successful linking up Silicon Valley with Silicon Isle and on to the global IT hub in Asia, Bangalore, India..just a thought.
On future transatlantic services from Dublin, would have thought that if EI reintroduced a SFO-DUB route with an onward service to Bangalore, it could possibly be quite successful linking up Silicon Valley with Silicon Isle and on to the global IT hub in Asia, Bangalore, India..just a thought.
Last edited by CCR; 17th Nov 2012 at 11:31.
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SAS and Aer Lingus Sign Interline Agreement - ITTN | Irish Travel Trade News Magazine
Seem to be moving towords Star Alliance. Air Canada, SAS and United.
Seem to be moving towords Star Alliance. Air Canada, SAS and United.
Last edited by Jamie2k9; 21st Nov 2012 at 14:59.
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Aer Lingus won't be joining Star Alliance. The interline agreement only applies to flights between Ireland and the UK. So for SAS, they get additional traffic from BHD/ORK/SNN through LHR, while Aer Lingus are able to further shore up their feed to/from LHR.
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Has anyone noticed hints recently from Christoph Mueller that Aer Lingus may be looking at potential takeover targets? Below is a quote from Mueller in a recent article on Aviation Week magazine (Nov 21 2012):
And here is another comment from Mueller in the Irish Independent (Nov 20 2012):
Given the state of SAS lately, you'd wonder are they looking at them as a potential target.
it [Aer Lingus] wants to participate actively in industry consolidation, but as an investor, not as a takeover target.
Aer Lingus chief executive Christoph Mueller recently said that the airline would have difficulty growing organically and would consider small asset purchases in order to help it expand.
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That would truly be an audacious move. You can pick an airline up at rockbottom prices in the current economic climate in Europe.
For Aer Lingus to expand into mainland europe, taking over a european airline would catapult it into the big league like Ryanair.
Personally, I thought they should have bid for BMI but too late for that now.
Closer to home, possibly they are looking at Cityjet to expand in London and Paris and also to feed into their main hub in Dublin like Aer Lingus Regional.
Time will tell.
For Aer Lingus to expand into mainland europe, taking over a european airline would catapult it into the big league like Ryanair.
Personally, I thought they should have bid for BMI but too late for that now.
Closer to home, possibly they are looking at Cityjet to expand in London and Paris and also to feed into their main hub in Dublin like Aer Lingus Regional.
Time will tell.
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Christoph has said a lot of interesting things recently. He seems worried that once FR are kicked into touch that the government will sell off their shares and the company will be at the mercy of the hedge funds. This could conceivably allow an asset stripper to come in and tear it apart. To be fair no different really to what FR would have done.
So the strategy appears to be to get rid off cash and make the company a much less attractive buy out proposition.
I wonder whether Aer Arann will come into the fold. Our ex chief pilot is on secondment over there so watch this space.
So the strategy appears to be to get rid off cash and make the company a much less attractive buy out proposition.
I wonder whether Aer Arann will come into the fold. Our ex chief pilot is on secondment over there so watch this space.
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But any asset stripper could come in, if you sell out to another big airline or flag carrier, they may not be interested in running short haul European flights from Ireland, but they may be interested in long haul flights, long haul aircraft and slots that a takeover would give them. Flag carriers could come in and use such aircraft on non Irish routes.
Ryanair taking over wouldn't be ideal either, but I can't imagine for one moment they'd dump long haul flights from Ireland, I'd say part of the reason they want to take over AL is so they can get into that business. But for the short haul passenger it wouldn't be good news.
I don't think anything really is ideal and both sets have flaws.
Ryanair taking over wouldn't be ideal either, but I can't imagine for one moment they'd dump long haul flights from Ireland, I'd say part of the reason they want to take over AL is so they can get into that business. But for the short haul passenger it wouldn't be good news.
I don't think anything really is ideal and both sets have flaws.
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"I wonder whether Aer Arann will come into the fold. Our ex chief pilot is on secondment over there so watch this space."
I had heard this; I wonder will RE become the training ground for new EI pilots, flowing through as commuter pilots in the US do, to their mainline partner carriers?
I thought RE was pretty much in the fold, in the sense that all acft now carry EI Regional titles and the new ATR72-600s, delivery of which will start this year, will also do so. I can see this continuing, with new regional UK routes being added.
Additionally, IB's recently announced plans to ground 20 short haul acft may offer opportunities, because some, if not most, of these will be A319s (the source of the currently operated 319s); the 319's lower capacity will allow EI to increase frequencies on some routes.
I had heard this; I wonder will RE become the training ground for new EI pilots, flowing through as commuter pilots in the US do, to their mainline partner carriers?
I thought RE was pretty much in the fold, in the sense that all acft now carry EI Regional titles and the new ATR72-600s, delivery of which will start this year, will also do so. I can see this continuing, with new regional UK routes being added.
Additionally, IB's recently announced plans to ground 20 short haul acft may offer opportunities, because some, if not most, of these will be A319s (the source of the currently operated 319s); the 319's lower capacity will allow EI to increase frequencies on some routes.
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I doubt Aer Arann is a target for Aer Lingus, as it would offer no benefit in terms of expansion given that Aer Arann already operate solely under the Aer Lingus Regional brand. They also have a lower cost base than Aer Lingus, and Christoph Mueller himself has pointed out that when a larger airline acquires a smaller airline, the smaller airline will inevitably assume the higher cost base of the larger airline, which in Aer Arann's case could effect the viability of the Aer Lingus Regional operation.
If, as Christoph Mueller says, Aer Lingus wants to "consider small asset purchases in order to help it expand", it would have to look to the continent.
If, as Christoph Mueller says, Aer Lingus wants to "consider small asset purchases in order to help it expand", it would have to look to the continent.
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@dublinaviator
the smaller airline will inevitably assume the higher cost base of the larger airline, which in Aer Arann's case could effect the viability of the Aer Lingus Regional operation.
However, this is my opinion but this was the case back in the EI Commuter days.
CP.
Last edited by Captain Planet; 23rd Nov 2012 at 00:05.
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Christoph has said a lot of interesting things recently. He seems worried that once FR are kicked into touch that the government will sell off their shares and the company will be at the mercy of the hedge funds. This could conceivably allow an asset stripper to come in and tear it apart. To be fair no different really to what FR would have done.
EI & VS
OK, this is a little off topic and possibly a bit on the crazy side but ...
EI's cash pile is circa €700m, with debt level of about €550m which is being reduced. Some numbers being reported as bandied about in the banking markets from 2011 for the 'value' of the Singapore stake in VS are in the order $500m and the 2012 estimate could be lower (some suggestion they are keen to exit the venture). So the price should be within the realms of EI's financing ability (i.e. borrowing).
So, a question for a assembled EI watchers brains trust .... if you were in Herr Mueller's position, would you consider an offer if Delta don't bite?
JAS
EI's cash pile is circa €700m, with debt level of about €550m which is being reduced. Some numbers being reported as bandied about in the banking markets from 2011 for the 'value' of the Singapore stake in VS are in the order $500m and the 2012 estimate could be lower (some suggestion they are keen to exit the venture). So the price should be within the realms of EI's financing ability (i.e. borrowing).
So, a question for a assembled EI watchers brains trust .... if you were in Herr Mueller's position, would you consider an offer if Delta don't bite?
JAS
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Originally Posted by Just a spotter
So, a question for a assembled EI watchers brains trust .... if you were in Herr Mueller's position, would you consider an offer if Delta don't bite?