Ryanair-10
He made a comment that was deemed inappropriate.
There was never a comment on his behaviour towards anybody.
Everyone can be assured that TPG do not make any investments, including backing Ryanair's huge aircraft purchases, without a very satisfactory rate of return on their investment. Whether this is represented as dividends from profits, charges, or some other form, is entirely down to layers of tax accountants.
https://en.wikipedia.org/wiki/David_Bonderman
https://en.wikipedia.org/wiki/David_Bonderman
Great thing about it that it has to disclose what directors are paid, what shareholding they have, it is also required to disclose fees and payments to related parties or business where directors are involved in.
Everytime a director buys or sells shares has to be fully disclosed.
If you wish to make a claim that TPG or any other business connected to David Bonderman is benifitiing from his position as a member of the board of Ryanair and it is somehow hidden or not been disclosed I would seriously suggest looking at how much you can afford in legal fees.
As for TPG somehow backing Ryanair's aircraft purchases..................... get real.
People who are backing Ryanair's aircraft purchases are EXIM and have been for years. Additionally Ryanair has enough cash to be able to borrow easily to fund its own aircraft purchases.
As for TPG they are investors who seek Capital Growth and make their money from that but even now their shareholding if they have one in Ryanair is tiny.
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It is a Swiss company but registered in Luxembourg (tax?) and issued by the Irish Stock Exchange. Would not be at all surprised it has a connection with a certain Irish airline which has been in the news recently.
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Rat5: Re the Ryanair report, here it is:
https://investorryanair.azureedge.ne...ual-Report.pdf
Everybody is invited to remember MOL on TV in the last week, saying payment for arranging flights with alternative carriers will not happen because that is not covered by EU Reg 261. Now take a look at page 63 of the annual report and the paragraph headed "EU Regulation on Passenger Compensation Could Significantly Increase Related Costs".
This is an interesting paragraph as it begins with the following:
EU Regulation (EC) No 261/2004 requires airlines to compensate passengers (holding a valid ticket) who have been denied boarding or whose flight has been cancelled or delayed more than 3 hours on arrival.
The regulation calls for compensation of €250, €400 or €600 per passenger, depending on the length of the flight and the cause for the cancellation or delay, i.e. whether it is caused by extraordinary circumstance."
So, they knew that when the report was created so how does MOL not know it today?
The whole report is worth a read as it delves into pilot relations, taxes, proposed scheduled alterations etc.
The report mentions Ryanair actually own, outright, 44 of their aircraft, while the remainder are effectively mortgaged to Ex-Im bank and others. 33 aircraft are leased on 7 year leases etc etc. 195 pages that can be bloody tedious in places but interesting in others.
https://investorryanair.azureedge.ne...ual-Report.pdf
Everybody is invited to remember MOL on TV in the last week, saying payment for arranging flights with alternative carriers will not happen because that is not covered by EU Reg 261. Now take a look at page 63 of the annual report and the paragraph headed "EU Regulation on Passenger Compensation Could Significantly Increase Related Costs".
This is an interesting paragraph as it begins with the following:
EU Regulation (EC) No 261/2004 requires airlines to compensate passengers (holding a valid ticket) who have been denied boarding or whose flight has been cancelled or delayed more than 3 hours on arrival.
The regulation calls for compensation of €250, €400 or €600 per passenger, depending on the length of the flight and the cause for the cancellation or delay, i.e. whether it is caused by extraordinary circumstance."
So, they knew that when the report was created so how does MOL not know it today?
The whole report is worth a read as it delves into pilot relations, taxes, proposed scheduled alterations etc.
The report mentions Ryanair actually own, outright, 44 of their aircraft, while the remainder are effectively mortgaged to Ex-Im bank and others. 33 aircraft are leased on 7 year leases etc etc. 195 pages that can be bloody tedious in places but interesting in others.
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I just had a look around a few other airlines in relation to how they deal with cancellations and it seems that the CAA have their work cut out, Aer Lingus and Easyjet had very good detail
However some on their cancellation pages don't even mention compensation/expenses/EU261 at all
https://wizzair.com/en-gb/informatio...-information#/
Surely that cannot be compliant with what the CAA are asking for? Why are Ryanair being targeted here and nobody else? (is how it seems?)
However some on their cancellation pages don't even mention compensation/expenses/EU261 at all
https://wizzair.com/en-gb/informatio...-information#/
Important information for passengers affected by flight disruption
If your flight is affected by a disruption (see below), please log in to your profile, retrieve your booking and you will be able to re-book online free of charge, or obtain a refund.
If your flight is affected by a disruption (see below), please log in to your profile, retrieve your booking and you will be able to re-book online free of charge, or obtain a refund.
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I just had a look around a few other airlines in relation to how they deal with cancellations and it seems that the CAA have their work cut out, Aer Lingus and Easyjet had very good detail
However some on their cancellation pages don't even mention compensation/expenses/EU261 at all
https://wizzair.com/en-gb/informatio...-information#/
Surely that cannot be compliant with what the CAA are asking for? Why are Ryanair being targeted here and nobody else? (is how it seems?)
However some on their cancellation pages don't even mention compensation/expenses/EU261 at all
https://wizzair.com/en-gb/informatio...-information#/
Surely that cannot be compliant with what the CAA are asking for? Why are Ryanair being targeted here and nobody else? (is how it seems?)
I don't think any airline is obligated to list what the law is but when things go this bad and people are being denied their rights the CAA are looking for a company announcement saying they will follow EU law and letting people who aren't in the know what their rights are I don't think this would have happened if Ryanair hadn't told people lies and then when they got caught out tried to interpret the law saying (via internal memo) that they could offer alternative airlines and airports as long as it didn't cost 3x the original ticket price.
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I've also been told by Easyjet and BA and others in the past NO as well and I know many people who have had the same problem but as I said before, nobody was interested in getting involved with that or standing up for consumers then which could open up a whole can of worms for other airlines and the CAA since surely it means that anyone in the last few years who was denied and still has the paperwork can claim against the other airlines and the CAA will be forced to act and force the other airlines to compensate or the person could then sue them?
I can see there being a lot of money in this, in that this will set a prescedent for everyone who has been refused these things in the past and are going to be able to use this action to force other airlines who refused in the last few years to pay up or be sued, because believe me this problem is much more wider than Ryanair.
I'm unsure why the CAA are talking about compensation in addition for refunds and re-routing under EU261 etc for flights in November and December because some of the clauses only apply if the flight was cancelled within 14 days.
I can see there being a lot of money in this, in that this will set a prescedent for everyone who has been refused these things in the past and are going to be able to use this action to force other airlines who refused in the last few years to pay up or be sued, because believe me this problem is much more wider than Ryanair.
I'm unsure why the CAA are talking about compensation in addition for refunds and re-routing under EU261 etc for flights in November and December because some of the clauses only apply if the flight was cancelled within 14 days.
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I've also been told by Easyjet and BA and others in the past NO as well and I know many people who have had the same problem but as I said before, nobody was interested in getting involved with that or standing up for consumers then which could open up a whole can of worms for other airlines and the CAA since surely it means that anyone in the last few years who was denied and still has the paperwork can claim against the other airlines and the CAA will be forced to act and force the other airlines to compensate or the person could then sue them?
I can see there being a lot of money in this, in that this will set a prescedent for everyone who has been refused these things in the past and are going to be able to use this action to force other airlines who refused in the last few years to pay up or be sued, because believe me this problem is much more wider than Ryanair.
I'm unsure why the CAA are talking about compensation in addition for refunds and re-routing under EU261 etc for flights in November and December because some of the clauses only apply if the flight was cancelled within 14 days.
I can see there being a lot of money in this, in that this will set a prescedent for everyone who has been refused these things in the past and are going to be able to use this action to force other airlines who refused in the last few years to pay up or be sued, because believe me this problem is much more wider than Ryanair.
I'm unsure why the CAA are talking about compensation in addition for refunds and re-routing under EU261 etc for flights in November and December because some of the clauses only apply if the flight was cancelled within 14 days.
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Agree with the last few posts.
Furthermore, the CAA should also be held to account for their failure to strong arm all other airlines in the manner in which they are doing so now with Ryanair
Furthermore, the CAA should also be held to account for their failure to strong arm all other airlines in the manner in which they are doing so now with Ryanair
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I know this is an aviation forum and some of us have loyalty to some airlines and airports but why people feel that the CAA are in someway out of order in coming down on Ryanair like a ton of bricks we should be thinking of the poor passengers affected and how they can be helped it's not their fault so in my opinion the CAA should be congratulated on how they are handling this situation on behalf of the passengers.
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The point is I can't think of any airlines that have had such a catastrophic failure on this level affecting so many people so to say CAA should be held accountable for their failure to strong arm others in the same way is involved because this situation is unprecedented.
I know this is an aviation forum and some of us have loyalty to some airlines and airports but why people feel that the CAA are in someway out of order in coming down on Ryanair like a ton of bricks we should be thinking of the poor passengers affected and how they can be helped it's not their fault so in my opinion the CAA should be congratulated on how they are handling this situation on behalf of the passengers.
I know this is an aviation forum and some of us have loyalty to some airlines and airports but why people feel that the CAA are in someway out of order in coming down on Ryanair like a ton of bricks we should be thinking of the poor passengers affected and how they can be helped it's not their fault so in my opinion the CAA should be congratulated on how they are handling this situation on behalf of the passengers.
My problem is more the fact that many people over the years have also suffered the same issues as Ryanair passengers are and have got absloutely nowhere and that is not acceptable. If Ryanair and another airline are going head to head on a route, why should Ryanair be forced to compensate passengers to EU261 guidelines if the other airlines are not doing the same thing, it's not an even playing field and the CAA have made their own bed here to lie in it.
If they properly enforced the guidelines of EU261 on flights in their back yard for the last number of years no airline would try and get away with it like Ryanair because of the fact they knew they wouldn't be able to, the simple facts is airlines have been chancing their arms for this for years and that all stems from the fact they knew that the regulator wasn't going to intervene.
If I travel on Ryanair, Wizz, Easyjet, British Airways, Aer Lingus, Lufthansa etc it shouldn't make a blind bit of difference, the simple fact is the rules are the rules and they should be applied consistancy across the board.
What the CAA should do now is come out with a statement saying they will open an investigation of EU261 practices in all airlines operating in the UK and set-up an advice line where passengers of all airlines can call up and get advice over flights which they have took over the last number of years and claim compensation from their airline and the CAA will back them up.
Compliance with EU261 directives is an industry wide problem and needs to be treated as such rather than dealing with Ryanair's issues and then avoiding the actual wider issue which needs to be tackled.
Ryanair have been for many months selling seats knowing full well they would not be flying many hundreds of thousands of these seats. It is like you are selling tickets for a big football game in 6 months time knowing that there will never actually be a match.
Deliberately misleading.
Therefore it is right and proper that this is exposed for what it is. It is has been done on an industrial scale, not my quote but the BBC transport correspondent.
To be honest I think the UK CAA response is weak. They should stop them selling what they know they cannot be delivered.
Deliberately misleading.
Therefore it is right and proper that this is exposed for what it is. It is has been done on an industrial scale, not my quote but the BBC transport correspondent.
To be honest I think the UK CAA response is weak. They should stop them selling what they know they cannot be delivered.
Co-Op is a mebership scheme and called a dividend but it is a loyalty scheme.
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