Ryanair-11
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Ryanair-11
"Ryanair is close to placing an order for dozens of additional Boeing 737 MAX jets in a commercial boost to the U.S. planemaker after regulators lifted a 20-month safety grounding, industry sources said."
https://www.reuters.com/article/us-b...-idUSKBN28C223
https://www.reuters.com/article/us-b...-idUSKBN28C223
Good spot.
Ultimately the key point is "as part of a compensation deal for delays caused by the grounding.". This is pretty much in line with what I suggested when rumours first broke of a potential deal.
Financed by EXIM so assumming Ryanair pay $40 M each, sales and lease back deal @ low rates for $80 M each and you have just generated a huge pot of cash.
Ultimately the key point is "as part of a compensation deal for delays caused by the grounding.". This is pretty much in line with what I suggested when rumours first broke of a potential deal.
Financed by EXIM so assumming Ryanair pay $40 M each, sales and lease back deal @ low rates for $80 M each and you have just generated a huge pot of cash.
In December 2020 and also early January 2021, Ryanair are flying between Stansted and Edinburgh. During Dec 2020, it's a FR flight code and operated by Ryanair Ireland - i.e. default setup for Ryanair. From 01-Jan-2021, there's an RK flight code (i.e. Ryanair UK) but the Ryanair website lists the flight as being *operated by Ryanair* - i.e. Ryanair Ireland doing the flying rather than Ryanair UK
For clarity, I'll refer to the Irish airline within the Ryanair group of companies as Ryanair Ireland
I get that Brexit means things change - and I really don't want a whole Brexit/EU argument going on here, but how can you have a UK-registered airline flight code, operated by an EU-registered airline on a domestic flight within the UK ? Yes, I know Ryanair UK is probably 100% owned by Ryanair Ireland so it's a paperwork/legalities exercise rather than any money being involved
Wizzair Hungary (W6) have set up a UK airline called Wizz UK with a separate code (W9) with G- aircraft that are registered to Wizz UK. Wizz don't fly UK domestic so have fewer constraints in their overall operation
Surely one would expect flights between Edinburgh and Stansted after 01-Jan-2021 to not only have an RK flight code but also be *operated by Ryanair UK* instead of Ryanair Ireland ?
For clarity, I'll refer to the Irish airline within the Ryanair group of companies as Ryanair Ireland
I get that Brexit means things change - and I really don't want a whole Brexit/EU argument going on here, but how can you have a UK-registered airline flight code, operated by an EU-registered airline on a domestic flight within the UK ? Yes, I know Ryanair UK is probably 100% owned by Ryanair Ireland so it's a paperwork/legalities exercise rather than any money being involved
Wizzair Hungary (W6) have set up a UK airline called Wizz UK with a separate code (W9) with G- aircraft that are registered to Wizz UK. Wizz don't fly UK domestic so have fewer constraints in their overall operation
Surely one would expect flights between Edinburgh and Stansted after 01-Jan-2021 to not only have an RK flight code but also be *operated by Ryanair UK* instead of Ryanair Ireland ?
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Ryanair UK only has one aircraft, G-RUKA.
Those flights with the RK code are indeed Ryanair UK flights (as needed to continue after 1st Jan), but 'operated by Ryanair' (ie the aircraft is leased in from Ryanair DAC/Ireland).
Whether the Ryanair UK fleet will grow in time I'm not sure, but so long as they're a UK carrier (based in STN) with it's own AOC, there's no reason to my knowledge why it couldn't operate using any aircraft leased in from any one of the other Ryanair subsidiaries.
Those flights with the RK code are indeed Ryanair UK flights (as needed to continue after 1st Jan), but 'operated by Ryanair' (ie the aircraft is leased in from Ryanair DAC/Ireland).
Whether the Ryanair UK fleet will grow in time I'm not sure, but so long as they're a UK carrier (based in STN) with it's own AOC, there's no reason to my knowledge why it couldn't operate using any aircraft leased in from any one of the other Ryanair subsidiaries.
Whether the Ryanair UK fleet will grow in time I'm not sure, but so long as they're a UK carrier (based in STN) with it's own AOC, there's no reason to my knowledge why it couldn't operate using any aircraft leased in from any one of the other Ryanair subsidiaries.
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Dividends
Ryanair never, even when times were good, ever paid any dividend to its share holders so why is the share price rising ? Better times revenues will rightly accrue to the account of Michael, not to dumb shareholders.
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I've just noticed that whilst the Maltese registered aircraft have the Maltese flag next to the registration and the Polish aircraft the Polish flag, and obviously the Irish aircraft the Irish flag, the one British registered aircraft is missing the Union Flag. Just an oversight or intentional?
(Not wanting to start any political arguments but just an observation which I found amusing!)
(Not wanting to start any political arguments but just an observation which I found amusing!)
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The first part is wrong and the second part makes no sense.
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"WASHINGTON, Dec. 3, 2020 /PRNewswire/ -- Boeing [NYSE: BA] and Ryanair announced today that Europe's largest airline is placing a firm order for 75 additional 737 MAX airplanes, increasing its order book to 210 jets. Ryanair again selected the 737 8-200, a higher-capacity version of the 737-8, citing the airplane's additional seats and improved fuel efficiency and environmental performance."
https://boeing.mediaroom.com/2020-12...?sf240731629=1
https://boeing.mediaroom.com/2020-12...?sf240731629=1
Michael O'Leary is not Ryanair nor has he ever claimed to be. True he has a generous incentive scheme allied to performance but bearing in mind he is already very wealthy and is quite happy to pay millions in tax in that Tax Haven (Not) Ireland then I see not what the reason is. Bearing in mind he bet the farm in 2001 when all were laughing at a stupid decision I guess the laughter is not there now.
For reference Ryanair has spent just under €7 billion in special dividends and buy backs since 2008 but hey begrudgery works if you want it to.
As for the dumb shareholders they could have put money in safe banks.....oh wait.
For reference Ryanair has spent just under €7 billion in special dividends and buy backs since 2008 but hey begrudgery works if you want it to.
As for the dumb shareholders they could have put money in safe banks.....oh wait.
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Ryanair is launching a new base at Venice-Treviso Airport ! Opening 30 March 2021 with 2 based aircraft and 45 routes
New routes :
Paphos
Billund
Alicante
Palma
Tenerife
Chania
Kos
rhodes
Thessaloniki
Tel Aviv
Alghero
Pescara
Trapani
riga
Fez
Warsaw-WMI
Poznan
Kyiv
Some routes were already in the previous network they just come back
New routes :
Paphos
Billund
Alicante
Palma
Tenerife
Chania
Kos
rhodes
Thessaloniki
Tel Aviv
Alghero
Pescara
Trapani
riga
Fez
Warsaw-WMI
Poznan
Kyiv
Some routes were already in the previous network they just come back
