Ryanair - 9
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Why don't FR consider EGMC-EIDW?
Flybe dropped it when they wanted to work on developing their EGLC-EIDW which since also dropped. AL Regional (operated by Stobart) made a nuts of the EGMC-EIDW sceduleS and easyJet will not go toe-to-toe with FR on a EGMC-EIDW route. So it appears to me that FR could have free reign on the route.
Any views - viable?
Flybe dropped it when they wanted to work on developing their EGLC-EIDW which since also dropped. AL Regional (operated by Stobart) made a nuts of the EGMC-EIDW sceduleS and easyJet will not go toe-to-toe with FR on a EGMC-EIDW route. So it appears to me that FR could have free reign on the route.
Any views - viable?
So Ryanair have unanimously agreed to sell up to IAG
And in doing so make a small profit 👍
And in doing so make a small profit 👍
Join Date: Oct 2011
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In actual fact they will show a huge profit on it because they wrote down the value of it to virtually zero years ago.
Also did MOL want to sell or was it more less taken out of his hands. Will be interesting to see what he may say in the coming weeks as they were hell bent on appealing to Europe a few weeks ago. Glad shareholders saw sense.
Would be good to know if they wrote down all costs or just the share price. Would be very surprised if they come away with a profit after more less 9 years of legal fees.
Shareholders likely to get a special dividend
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Join Date: Sep 2005
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From rte.ie
[Ryanair] spent €407m building the stake between 2006 and 2007. Selling out to IAG will bring in €410m. That's a 0.7% return over the guts of eight years
IMO that's a very, very poor return on such an outlay
[Ryanair] spent €407m building the stake between 2006 and 2007. Selling out to IAG will bring in €410m. That's a 0.7% return over the guts of eight years
IMO that's a very, very poor return on such an outlay
Purely as a shareholder, Ryanair have made a poor return on their investment.
As one of Aer Lingus' major rivals, Ryanair by virtue of their large minority shareholding will have been able to significantly influence the future of Aer Lingus, if only by virtue that they had an effective power of veto on any merger / takeover involving EI. Power to significantly events around a major rival has a value to which it is difficult to ascribe a price
As one of Aer Lingus' major rivals, Ryanair by virtue of their large minority shareholding will have been able to significantly influence the future of Aer Lingus, if only by virtue that they had an effective power of veto on any merger / takeover involving EI. Power to significantly events around a major rival has a value to which it is difficult to ascribe a price
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As one of Aer Lingus' major rivals, Ryanair by virtue of their large minority shareholding will have been able to significantly influence the future of Aer Lingus, if only by virtue that they had an effective power of veto on any merger / takeover involving EI. Power to significantly events around a major rival has a value to which it is difficult to ascribe a price
The only entity that significantly influenced the future of Aer Lingus were their unions who, time after time, significantly curbed or stalled and delayed the changes necessary to bring it into line. It would be difficult to ascribe the price of that but it surely runs into many millions over many years and which, ironically, included the cost of the hire in of aircraft from Ryanair to keep the business going when their own staff were on strike.
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The reality is that Ryanair never significantly, or even insignificantly influenced the future of Aer Lingus. Apart from IAG nobody else has/ever had any interest in buying/merging with it and that's happening only now when the long-running pensions problem has finally been resolved and the cost-reduction processes have been well advanced. Prior to that nobody would have touched them with a bargepole.
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Sure enough, you feel good at the time, but in reality you're no better off
Far, far worse off if you include legal costs from 3 failed take overs and God knows how many court cases, competition hearings, appeals etc.
Surely, unless you're an EI board member, you cannot know wether this statement is true!
Aside from FR there was nobody else interested in making a bid up to late last year. Markets know who is buying or trading shares and pretty evident nobody was interested because EI added nothing to them.
FR and BA/IAG were only 2 places that EI would ever fit.
FR ensured nobody else was going to make a bid while it was within the market for EI.
EI is after 10 years stalled, its passenger numbers are flat, it has no clear long term strategy aside from adding some T/A routes some of which it previously pulled away from.
Financially its pension has cost of €200 million plus with strikes and pay offs to staff adding as much again.
FR is now carrying more people per month than EI do in a full year.
FR has suceeded in eliminating a longer term potential competitor over last 9 years who had full Irish Govt backing. Sure EI competes with it out of Ireland but er that's it.
Far, far worse off if you include legal costs from 3 failed take overs and God knows how many court cases, competition hearings, appeals etc.
Had EI been really free to compete with Unions being flexible and with Irish Govt support they could have really given FR a run for their money and hurt them into and out of Ireland and elsewhere.
However they weren't so even spending a net €50 million (or 1% of last years turnover) over the years has been more than already paid.
Just picking a Uk airport (Gatters) and had EI developed and pushed FR off route then that would be 5-6 flights a day x2 in and out, ave fare to there is reckon €60, prob 80% full x 364 days and you get 1 year just to Dub, add in other services from and you see impact.
Spending €50 M over life of EI ownership is a drop in the ocean and not something shareholders seem really that concerned about, getting fuel hedging wrong costs more than that.
Join Date: Jun 2011
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Billund Closure This Friday
Welcome to Ryanair!
Ryanair’s 3 aircraft based in Billund will at 23:00hrs on 17 July position empty to London Stansted (2 aircraft) and Dublin (1 aircraft), where they will continue to operate Ryanair’s flights to/from Billund with the exception of the Billund-Chania and Billund-Corfu routes, which will be closed from Thurs 30 July.
In order to minimise disruption for Ryanair customers, the airline confirmed that it will continue to operate 12 of its 14 summer routes to/from Billund (but all on aircraft based outside of Denmark). However its 4 Billund winter routes (London, Budapest, Malaga and Tenerife) will be cut to just 1 (London) for the winter schedule. Ryanair’s annual traffic at Billund (currently 700,000) will be cut by over 50% to over 300,000.
In order to minimise disruption for Ryanair customers, the airline confirmed that it will continue to operate 12 of its 14 summer routes to/from Billund (but all on aircraft based outside of Denmark). However its 4 Billund winter routes (London, Budapest, Malaga and Tenerife) will be cut to just 1 (London) for the winter schedule. Ryanair’s annual traffic at Billund (currently 700,000) will be cut by over 50% to over 300,000.
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Any idea what they are going to do with the extra aircraft at DUB?
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Would that mean a restart of DUB-BLL? Although it notes that there'll only be on route this winter to STN. I would love a new route from Dublin. Most expansion lately has just been beefing up frequency, which of course isn't a bad thing!
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Stevek,
I cant see Dublin Billund being an attractive route any more as the DUB CPH has had massive growth in capacity with 4 carriers on route, with the highest frequency we have seen yet....
A Billund route more suited to a Sun Air type operation in my opinion...
EI-BUD
I cant see Dublin Billund being an attractive route any more as the DUB CPH has had massive growth in capacity with 4 carriers on route, with the highest frequency we have seen yet....
A Billund route more suited to a Sun Air type operation in my opinion...
EI-BUD