Aer Lingus - 6
Join Date: Sep 2012
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4 A319s this summer, not much smaller but it makes a difference in viability. Proposed to add two shorthaul craft a year for the next few years - I'd imagine they'll mostly be A319s.
Join Date: Aug 1999
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As Bearcat says, it's too early to do handstands ... or pop the champagne (and very bad to both at once anyway).
MO'L is going to make life as difficult as possible for Aer Lingus, so he won't be selling out anytime soon. I'm just wondering when the OFT decision on the FR shareholding in EI might come; that might throw up some interesting results.
It is good news; FR plans to appeal, but since the EU has not issued its reasoning, it's hard to know what the grounds for this might be. Maybe the ECJ might end up throwing FR's case out as being vexatious and time-wasting.
MO'L is going to make life as difficult as possible for Aer Lingus, so he won't be selling out anytime soon. I'm just wondering when the OFT decision on the FR shareholding in EI might come; that might throw up some interesting results.
It is good news; FR plans to appeal, but since the EU has not issued its reasoning, it's hard to know what the grounds for this might be. Maybe the ECJ might end up throwing FR's case out as being vexatious and time-wasting.
MO'L is going to make life as difficult as possible for Aer Lingus, so he won't be selling out anytime soon. I'm just wondering when the OFT decision on the FR shareholding in EI might come; that might throw up some interesting results.
It is good news; FR plans to appeal, but since the EU has not issued its reasoning, it's hard to know what the grounds for this might be. Maybe the ECJ might end up throwing FR's case out as being vexatious and time-wasting.
It is good news; FR plans to appeal, but since the EU has not issued its reasoning, it's hard to know what the grounds for this might be. Maybe the ECJ might end up throwing FR's case out as being vexatious and time-wasting.
Could end up being finanically costly for EU as any case will request and receive disclosure of all documents for EU.
Interesting to watch share price in coming weeks.
Join Date: Nov 2011
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I think racedo you will find the EU won't be for turning. Like them or loathe them they will have their way. Lets face it BE wouldn't stand a chance against FR and the combination of handing EI routes to them and also BA actually serves FR more than it does the flying public. How about FR dropping routes and handing them over - that would never happen. Wiping EI out of LGW and LHR is MOL's dream situation and the EU know this.
Join Date: Mar 2005
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it has already made a decision based on Govt pressure
Join Date: Dec 2012
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Government pressure has nothing to do with it.
Problem is the EU, like almost everyone else, didn't believe the Flybe solution to be a credible solution.
MOLs style of management doesn't fit with the idea....
Ok Flybe here's a mill, do what you like with it... I don't mind!
Problem is the EU, like almost everyone else, didn't believe the Flybe solution to be a credible solution.
MOLs style of management doesn't fit with the idea....
Ok Flybe here's a mill, do what you like with it... I don't mind!
Join Date: Dec 2012
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There are suggestions online FR may off load shares at the same time as the Irish gov. Is that more FR scaremongering, I wonder?
How do we feel about someone else snapping up 55%?
How do we feel about someone else snapping up 55%?
Join Date: Oct 2010
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That's the risk that exists for a publically traded company.
FR could dump their shares tomorrow, depress the share value, allowing a predatory hedge fund to hover up the 29% (maybe more) This could then lead to asset stripping of the company. It has already been noted that EI is worth more than it market capitalisation implies.
EY have hinted that they would like to increase their stockholding but unless they do a deal directly with FR or the Govt then this scenario could occur.
FR could dump their shares tomorrow, depress the share value, allowing a predatory hedge fund to hover up the 29% (maybe more) This could then lead to asset stripping of the company. It has already been noted that EI is worth more than it market capitalisation implies.
EY have hinted that they would like to increase their stockholding but unless they do a deal directly with FR or the Govt then this scenario could occur.
Join Date: Nov 2006
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FR could dump their shares tomorrow, depress the share value, allowing a predatory hedge fund to hover up the 29% (maybe more) This could then lead to asset stripping of the company. It has already been noted that EI is worth more than it market capitalisation implies.
Well for one thing, what good would 29% do a hedge fund? They'd be in a worse scenario than FR, with not a hope in hell of getting to 50+%.
For another thing, it is a political hot potato, and that's an undeniable fact.
Isn't it amazing FR hasn't already sold up, given all the predictions for the EI share price if this bid failed?
Truth is, FR has a lot to lose now in a fire sale.
Besides the crystallisation of losses on the original investment, and the huge loss of face that brings, there's the risk that (as some predict above) a stronger competitor airline could get it and create bigger headaches for FR than EI ever was.
What to do?
Jumped in with both feet. Not so easy to jump out.
Last edited by Meccano; 13th Feb 2013 at 15:16.
Join Date: Dec 2010
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Aer Lingus to halt increments over pension deficit
Aer Lingus has told unions it is halting payment of all wage increases, including increments, until the long-running dispute over the massive deficit in its pension fund is resolved.
The airline was due to resume paying increments in April following a three-year pay freeze.
The deficit in the joint Aer Lingus - Dublin Airport Authority scheme known as the Irish Aviation Superannuation Scheme stood at over €770m in December.
The airline was due to resume paying increments in April following a three-year pay freeze.
The deficit in the joint Aer Lingus - Dublin Airport Authority scheme known as the Irish Aviation Superannuation Scheme stood at over €770m in December.
Join Date: Dec 2007
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Maybe the Ryanair board are hanging Micko out to dry on this one. He'll take the fall for making a balls of the takeover. Ryanair would do very well with a new CEO and a new ethos. A softer image would work very well.
Racedo, I understand you have to do your master's bidding but it detracts from your credibility,
Besides the crystallisation of losses on the original investment, and the huge loss of face that brings, there's the risk that (as some predict above) a stronger competitor airline could get it and create bigger headaches for FR than EI ever was.
Hardly loss of face as they have ONLY paid out £1.2 Billion in dividends since and carried 200 Million passengers so guess they really worred
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Aer Lingus to halt increments over pension deficit
Join Date: Dec 2012
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Personally I don't think events in the last 24hrs have any bearing on this.
Continuing the freeze on increments is a useful way of keeping people focused on achieving a settlement.
Eventually there will have to be an agreement. Just like most companies Aer Lingus will not want to give away something for nothing.
Continuing the freeze on increments is a useful way of keeping people focused on achieving a settlement.
Eventually there will have to be an agreement. Just like most companies Aer Lingus will not want to give away something for nothing.
Join Date: Mar 2005
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Quote:
Racedo, I understand you have to do your master's bidding but it detracts from your credibility,
Given crap above and it being wrong then not worth reading rest of the diatribe.
Racedo, I understand you have to do your master's bidding but it detracts from your credibility,
Given crap above and it being wrong then not worth reading rest of the diatribe.
In a few weeks time, I have to fly from UK to Ireland. Probably from either London or Birmingham.
Looking at the websites, Ryanair appears to be the least expensive. Although I haven't looked into all the pre-printed boarding card, luggage costs etc.... But when I looked at Which? Jan 2013, I noted that of the 16 short haul airlines reviewed, Aer Lingus was no.4 scoring 74%, ba was no.6 scoring 67%....and Ryanair was in bottom position with a mere 34%.
So it'll be Aer Lingus for me. Particularly when I read comments in Which? such as 'A typical comment (about Aer Lingus) was : 'Worth the extra few pounds to avoid Ryanair' '
Thank heavens that Aer Lingus won't now be swallowed up by Ryanair. I don't have any safety concerns about Ryanair, but I will not fly with an airline about whom people (in Which?) write "It's a constant battle to get transparency at Ryanair. It always makes travelling with them a disagreeable process from the start" - or an airline whose attitude towards both staff and customers is the way it is widely reported to be at such an airline.
Looking at the websites, Ryanair appears to be the least expensive. Although I haven't looked into all the pre-printed boarding card, luggage costs etc.... But when I looked at Which? Jan 2013, I noted that of the 16 short haul airlines reviewed, Aer Lingus was no.4 scoring 74%, ba was no.6 scoring 67%....and Ryanair was in bottom position with a mere 34%.
So it'll be Aer Lingus for me. Particularly when I read comments in Which? such as 'A typical comment (about Aer Lingus) was : 'Worth the extra few pounds to avoid Ryanair' '
Thank heavens that Aer Lingus won't now be swallowed up by Ryanair. I don't have any safety concerns about Ryanair, but I will not fly with an airline about whom people (in Which?) write "It's a constant battle to get transparency at Ryanair. It always makes travelling with them a disagreeable process from the start" - or an airline whose attitude towards both staff and customers is the way it is widely reported to be at such an airline.
Join Date: Jan 2007
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A321
....back to more mundane route talk, I've always wondered why EI haven't used a two class A321 to fly thinner L/H routes like Philadelphia, Dulles, Moscow? Given the success American carriers seem to have with deploying their 757s on such routes.