Ryanair-10
Why would they buy up somebody with the same destinations, instead of just directly competing them into virtual oblivion.
More likely Ryanair Holding is MOL's take on IAG in a way that Ryanair can continue to be his powerbase but he himself can concentrate on new ventures. Since I doubt he'll be content as a regal overseer doing aircraft deals I could see him follow one of his long held ambition to do a proper low-cost take on the transatlantic. Ryanair shareolders said no to do it under Ryanair proper, but as a separate entity under a holding company it would be a different proposal.
A good start could have been to shop that part out of Norwegian in a way that it wouldn't create a capital base for Norwegian to compete better in the European market. Norwegain could do well to retrench/concentrate its longhaul on Scandinavia to Asia (with a bit of Japanese pension fund lease-investments) and Europe to South America.
More likely Ryanair Holding is MOL's take on IAG in a way that Ryanair can continue to be his powerbase but he himself can concentrate on new ventures. Since I doubt he'll be content as a regal overseer doing aircraft deals I could see him follow one of his long held ambition to do a proper low-cost take on the transatlantic. Ryanair shareolders said no to do it under Ryanair proper, but as a separate entity under a holding company it would be a different proposal.
A good start could have been to shop that part out of Norwegian in a way that it wouldn't create a capital base for Norwegian to compete better in the European market. Norwegain could do well to retrench/concentrate its longhaul on Scandinavia to Asia (with a bit of Japanese pension fund lease-investments) and Europe to South America.
Some because of the opportunities that will allow growth, some because of the issues of Brexit where they needed to set up a separate legal entity.
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There is a big difference between having the same destinations and having strength in those markets. I’m sure American served Phoenix, but that didn’t stop them taking on America West.
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Ryanair Ltd. was already a holding company for different entities they have been trying out as separate companies over the years. Like the customer center ryanair.com (with its own CEO) and Ryanair Labs, plus others for pure tax purposes. And LaudaMotion was already held by it. There must be more to the story of splitting out and setting up another layer of Admin above Ryanair DAC, or normal as I would call it. And are they really going to do complete separate accounts for all the entities, with their own stock market listings and required reporting, to the letter of the shareholding, control and governance required for being seen as "native" in each market. That is not exactly keeping the costs down. But that last part has maybe quietly been forgotten in this new era of Brexitering and keeping up with the Walshes.
Ryanair Ltd. was already a holding company for different entities they have been trying out as separate companies over the years. Like the customer center ryanair.com (with its own CEO) and Ryanair Labs, plus others for pure tax purposes. And LaudaMotion was already held by it. There must be more to the story of splitting out and setting up another layer of Admin above Ryanair DAC, or normal as I would call it. And are they really going to do complete separate accounts for all the entities, with their own stock market listings and required reporting, to the letter of the shareholding, control and governance required for being seen as "native" in each market. That is not exactly keeping the costs down. But that last part has maybe quietly been forgotten in this new era of Brexitering and keeping up with the Walshes.
I am aware as a shareholder that ABF (Primark / British Sugar etc etc) have anything up to 1000 separate entities that it does business through. Some will be new ones opening, some will be dormant and not trading, some will be new.
I once teased a drinking buddy who was a Company Secretary, questioned whether he had the legs for a short skirt ( he replied in kind). He explained what he did and at the small £100 million Sales company he worked for there were 45 different companys looked after and he was listed at Companies house as a board member for every single company. On one occasion he did 10 board meetings in a day, sounded ominous but he was on conference call with MD and they went through agenda items changing stuff on each company as required and recording it. He said it lasted 1 hour but it is the normal way of doing business in big companies because the small companys may be set up for a single reason.
House builders do this all the time when building houses on a site apparently, often multiple companys if it is houses and apartments.
Ryanair will be opening new bases at Bordeaux and Marseilles during summer 2019 (already reported). Blue Swan are reporting that talks are under way to open a further base at Toulouse-Blagnac in either W19 or S20.
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If there becomes a Brexit tit for and tat since EU companies have to have a more than 50% EU shareholding, then to be seen as a UK company it must be majority owned by UK shareholders. And rumours have it also have a certain amount of UK citicens on its board to show its UK controlled. Will Ryanair UK be a UK company in that respect. How will the EU company Rynair Holding as a necessarily minority stakeholder keep forever control then. Possibly they will have to operate more like an alliance, RyanairWorld if you like, which could open possibilities in many markets.
Set up of board is actually irrelevant as can have 10 board members, 9 UK and 1 EU and 1 EU controls what happens because even though the 9 have 50.01 of the shares the EU person is guaranteeing the company's debts. On paper no control but Company Law deems it as Shadow director and shadow control.
UK won't want to go down that route because reciprocal is that every UK business in EU then has to have separate board with 50% plus of shareholders being EU citizens and holding shares.
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TLS 1710 . STN 1810
STN 1835 . TLS 2125
However Ryanair will close the MAD route from March 30th and the WMI route will be not anymore in service for this summer
Last edited by CCFAIRPORT; 6th Feb 2019 at 10:06.
Blue Swan report the following corporate reorganisation:
Ryanair outlined (04-Feb-2019) the following group restructuring plans for 2019:
Ryanair outlined (04-Feb-2019) the following group restructuring plans for 2019:
- Over the next 12 months, Ryanair Holdings will move to a group structure not dissimilar to that of IAG;
- A small senior management team will oversee the development of four airline subsidiaries: Ryanair DAC, Laudamotion, Ryanair Sun and Ryanair UK, each with their own CEOs and management teams;
- Ryanair Holdings will focus upon efficient capital allocation, cost reductions, aircraft acquisitions and small scale M&A opportunities;
- To lead the group structure, Ryanair DAC CEO Michael O’Leary will become group CEO;
- A replacement CEO of Ryanair DAC, who will work alongside the CEOs of Laudamotion and Ryanair Sun, will be appointed later in 2019;
- The group CEO will be assisted in Ryanair Holdings by small group legal and group finance teams;
- As the group expands Laudamotion’s Airbus fleet and takes delivery of more than 200 Boeing 737 MAX aircraft, improved cost and operating efficiencies will enable the group to look at other small scale M&A opportunities such as the development of Laudamotion.
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Ryanair cancelling all flights from Vigo (VGO) and moving to Santiago (SCQ) or Porto (OPO). The STN route will only run for a month or so. Basically, they haven't reached an agreement with the local government.
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FR announce to base at least one more aircraft at TXL (5 in total) due to bankruptcy of Germania. They are very keen to hire ex-Germania pilots ("FR offers 30% more wage than Eurowings")
https://corporate.ryanair.com/news/r...sen/?market=de
2 new routes from MXP to Bristol (2 weekly) and Palma (3 weekly) starting end of May
https://corporate.ryanair.com/news/r...lma/?market=it
https://corporate.ryanair.com/news/r...sen/?market=de
2 new routes from MXP to Bristol (2 weekly) and Palma (3 weekly) starting end of May
https://corporate.ryanair.com/news/r...lma/?market=it
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First MAX200s are appearing in the booking engine, they've be operating STN-TFS exclusively from July 1st.
Few interesting observations on the seat maps, 2DEF are no longer sold as Extra Legroom, over the aisle the extra legroom seats are 1BC and 2A. 27F also appears to be missing whilst 27A is present - could that be to make way for a crew seat by the new doors?
Few interesting observations on the seat maps, 2DEF are no longer sold as Extra Legroom, over the aisle the extra legroom seats are 1BC and 2A. 27F also appears to be missing whilst 27A is present - could that be to make way for a crew seat by the new doors?
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Full list here.
https://www.routesonline.com/news/38...etwork-in-s19/
https://www.routesonline.com/news/38...etwork-in-s19/
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I might have missed this but seems Stansted - Venice is changing from TSF to VCE from 01st April. I apologise if this has been mentioned, I haven’t been able to view / comment lately due overseas work commitments.
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Southend flights seem to be to VCE until late October then change to TSF but STN remains VCE right through, I wonder if all the chopping and changing could be to do with any planned runway work at TSF ? Or maybe just a way to get the airports playing off each other for a better deal.