Aer Lingus - 6
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Non EU as per my previous post.
Why would they seek a minority shareholding ?
True. Wouldn't work, I overlooked the fact Turkey ain't in the EU.
Why would they seek a minority shareholding ?
True. Wouldn't work, I overlooked the fact Turkey ain't in the EU.
Last edited by VanBosh; 17th Sep 2013 at 20:18.
Those of you mentioning long haul out of Belfast, remember that an A320 or 738 can't even use City fully loaded due to the short runway, hence why FR pulled out. If EI wanted to go long haul from Belfast they would have to go back to Aldergrove. Given that Aldergrove only has a single UA 757 to EWR everyday, I don't think there is a market there. The A350 can't use Dublin fully loaded for the same reason, will only be able to go to ORD, YYZ, JFK, BOS and possibly MCO with a full passenger load. I wonder what EI has planned for them, since they have got 9 on order.......
Last edited by Una Due Tfc; 17th Sep 2013 at 20:42.
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This is an interesting debate, though given the references to the LHR slots, this would lead to a belief that it will be from a subset of LHR carriers.
Draw from that and couple with suggestions that it may be unlikely to be a non EU carrier the list is significantly reduced. EI may eye joining an underperforming carrier, one with opportunities to improve. Like the suggestion that VS was on the cards and thankfully that didn't come to pass as VS could bring the entired operation down ala Swiss and Sabena in a sort of way.
SAS has had its troubles and is a significant LHR slot holder, opportunity to improve.
Aegean is trying to complete the take over of OA and is meeting some hurdles, perhaps bringing EI into the mix as a joint partner could be something to consider. But what could EI bring to the table? Perhaps a replication of EI model in Greece, Aegean in and out of LHR quite a bit.
Still I see IAG as the one, despite WW's protestations to the contrary, at the end of the day if he signalled his intentions, what would this do to the valuation/ share price, could be expensive.
It would seem likely that Etihad and FR will remain on the share register, 3% for EY and potentially a 5% shareholding for FR post the wrangling with EU competition authority. I would expect that FR will hold onto to some shareholding to keep in the picture.
If we looked at this through the following filter, what EU airlines:
EI-BUD
Draw from that and couple with suggestions that it may be unlikely to be a non EU carrier the list is significantly reduced. EI may eye joining an underperforming carrier, one with opportunities to improve. Like the suggestion that VS was on the cards and thankfully that didn't come to pass as VS could bring the entired operation down ala Swiss and Sabena in a sort of way.
SAS has had its troubles and is a significant LHR slot holder, opportunity to improve.
Aegean is trying to complete the take over of OA and is meeting some hurdles, perhaps bringing EI into the mix as a joint partner could be something to consider. But what could EI bring to the table? Perhaps a replication of EI model in Greece, Aegean in and out of LHR quite a bit.
Still I see IAG as the one, despite WW's protestations to the contrary, at the end of the day if he signalled his intentions, what would this do to the valuation/ share price, could be expensive.
It would seem likely that Etihad and FR will remain on the share register, 3% for EY and potentially a 5% shareholding for FR post the wrangling with EU competition authority. I would expect that FR will hold onto to some shareholding to keep in the picture.
If we looked at this through the following filter, what EU airlines:
- Serve Heathrow
- Have challenges and perhaps need a partner
- Operate similar fleets
- Could benefit from a merger with EI given its TA operations and relatively low cost model (vis a vis other legacy carriers)
EI-BUD
It would seem likely that Etihad and FR will remain on the share register, 3% for EY and potentially a 5% shareholding for FR post the wrangling with EU competition authority. I would expect that FR will hold onto to some shareholding to keep in the picture.
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FR shareholding
Don't worry folks ducksie told me he has given up on these shares so we can at last look forward to a joint venture westbound and the acquisition eastbound
Ducksie told me today 250 mill was an acceptable loss and job is safe
And who says shareholders have intelligence !
Ducksie told me today 250 mill was an acceptable loss and job is safe
And who says shareholders have intelligence !
Last edited by Hangar6; 17th Sep 2013 at 21:44.
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@MCDU2 If IAG bought Aer Lingus, it would not be merged into BA. It would remain a separate operating subsidiary. I don't know what that would mean for staff travel rights across IAG subsidiaries.
Whenever asked about whether IAG is interested in buying more airlines their response is usually "we're not interested in anyone at the moment" and it has in its short life bought bmi and Vueling.
I can see some attractions for IAG, namely the LHR slots and the transatlantic potential. However, this is not quite as game changing as bmi or Vueling. Also as Aer Lingus and BA both serve LHR-DUB a potentially material number of Aer Lingus slots would have to be divested to any willing new entrant on the LHR-DUB route.
Whenever asked about whether IAG is interested in buying more airlines their response is usually "we're not interested in anyone at the moment" and it has in its short life bought bmi and Vueling.
I can see some attractions for IAG, namely the LHR slots and the transatlantic potential. However, this is not quite as game changing as bmi or Vueling. Also as Aer Lingus and BA both serve LHR-DUB a potentially material number of Aer Lingus slots would have to be divested to any willing new entrant on the LHR-DUB route.
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You can now rule out IAG at the moment as Willie Walsh has just stated no further acquisitions in Europe for now as there maybe better value elsewhere around the globe. View article
The A350 can't use Dublin fully loaded for the same reason, will only be able to go to ORD, YYZ, JFK, BOS and possibly MCO with a full passenger load. I wonder what EI has planned for them, since they have got 9 on order.......
JAS
Last edited by Just a spotter; 18th Sep 2013 at 08:49.
You can now rule out IAG at the moment as Willie Walsh has just stated no further acquisitions in Europe for now as there maybe better value elsewhere around the globe. View article
Statement from IAG is correct at exact time it was made, 5 minutes after that it was history and no longer applies.
IAG will make a bid IF it is in their interests to do so, I'm not convinced as of this minute it is, tomorrow well that is a different matter.
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I would personally think that it is more in IAG's interest to acquire a decent stake in EI (c. 20%) than to acquire the whole of the business.
That way, they can block a takeover by a competitor, but not run into the kind of anti-monopoly problems that a full takeover would produce.
I wouldn't be at all shocked if Ryanair sold a large chunk of their shares to IAG in one go.
That way, they can block a takeover by a competitor, but not run into the kind of anti-monopoly problems that a full takeover would produce.
I wouldn't be at all shocked if Ryanair sold a large chunk of their shares to IAG in one go.
Last edited by 840; 18th Sep 2013 at 12:39.
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Any update on the plans for the 757's, as in delivery date and final configuration/crew compliment?
The seat map on EI.com is only showing 8 Business class seats on the 757s now?? They were originally meant to be configured with 12?
The seat map on EI.com is only showing 8 Business class seats on the 757s now?? They were originally meant to be configured with 12?
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I believe 5 cabin crew is the minimum for 757 on the Irish register.
The configuration will be 12J 162Y, PTVs and AVOD throughout, near lie-flats in business, apparently.
The configuration will be 12J 162Y, PTVs and AVOD throughout, near lie-flats in business, apparently.
"The issues surrounding DUB having one of (if not the) shortest main runway of any primary airport serving a European capital have been discusses around this parish a number of times. When EI were placing their A350 order the new 28R/10L was still expected to be built this decade and it was planned to be 3110m long, as opposed to the 2637m of the current runway."
It would be very easy to convert those orders into A330's, they have deferred delivery of some, but not all of them. First 4 arrive in 2015 I believe?
It would be very easy to convert those orders into A330's, they have deferred delivery of some, but not all of them. First 4 arrive in 2015 I believe?
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After a summer crewing problems have ended, there LH services have a run of bad look. Over the last while a tech fault on departure from ORD, fuel system fire in BOS and one A330 struck by lighting twice within days while doing DUB-AGP route. B767 and B777 had be leased to cover.
Its has being a costly few months for them however its reported the summer costs were around the 2 million mark as both EI and Titan have a long standing agreement.
Its has being a costly few months for them however its reported the summer costs were around the 2 million mark as both EI and Titan have a long standing agreement.
Last edited by EI-A330-300; 3rd Oct 2013 at 01:17.
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Trouble ahead ?
Last edited by eick320; 3rd Oct 2013 at 20:43.
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It won't come to strike, crew in SNN will be told to fly the B757 or sacked. They have done it before.
Shannon based EI staff always have something to moan or threaten strike. Once the state sells there stake you will be lucky if EI keep SNN on the map.
Shannon based EI staff always have something to moan or threaten strike. Once the state sells there stake you will be lucky if EI keep SNN on the map.
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How many seats are there to be on the 757s to be flown by Aer Lingus. If it is more than 199 seats there has to be at least five cabin crew involved in the crew and if there are 12 biz class seats maybe there will be another crew member too????
One would have thought the strong snn lobby would be so thrilled to have year round flights to New York etc that they would be quiet and give thanks!
Makes it interesting I suppose.
One would have thought the strong snn lobby would be so thrilled to have year round flights to New York etc that they would be quiet and give thanks!
Makes it interesting I suppose.