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Ryanair: 100 new aircraft, 800 new pilots

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Ryanair: 100 new aircraft, 800 new pilots

Old 25th Jan 2002, 23:46
  #41 (permalink)  

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For those inquiring about funding, the deal is being financed by US exporters bank EXIM. They will fund 85 per cent of the purchase price and Ryanair will pay the 15 per cent balance out of its own cash. Because the payouts will be spread over the eight years of the contract the deal will put no immediate pressure on Ryanair which has cash of 700 million and a strong operating cashflow. The first payment on signing the contact was for just 1 per cent of the contract.

A brilliant deal then by MOL, insiders are estimating discounts of about 40 to 45 per cent bringing the cost to Ryanair of the 150 aircraft down to between $4.95 billion and $5.4 billion.
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Old 26th Jan 2002, 00:26
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Talking

OK Guys.....

Like MOL or RYR or not, you gotta hand it to the company..it is doing well in these testing times for all companies, making money and has a healthy balance sheet.

Now, before I get "flamed" from those who obviously know a lot more about everything than I do..!!! Me thinks it best to work for a company that offers crews a chance to make money, than work at a company that is hellbent on firing crews with minimum compensation

I have never known a thread anywhere on this site to provoke such deep feelings of resentment , as anything to do with Ryanair or MOL <img src="tongue.gif" border="0"> <img src="tongue.gif" border="0"> <img src="tongue.gif" border="0"> <img src="tongue.gif" border="0">
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Old 26th Jan 2002, 05:16
  #43 (permalink)  
 
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Think Big? This is a gamble for Ryanair.It is in a situation in which it MUST EXPAND and fast!It is becoming a victim of it's own success.. .Firstly it has a very big bank balance,if it wants to provide a return to it's shareholders they cant just put the money into the bank and hope to live off the interest,they have to find new ways to generate income,whilst also lessening their reliance on too small a market (i.e. the british isle's). .So what do they do?. .They take a risk,and expand aggressively,into a very dormant low-fares market, such as mainland Europe.. .Two thing's can happen,either,One, they become a very succesful operation,or Two,they risk massive problems,such as legal objections/logistical and some cultural differences.Make no mistake about it,This is not going to be easy for Ryanair.. .I truely believe that in about 10 years from now we will not see avaition in the same light as we do today.Changes are already happening,and will continue for the foreseeable future.Who Knows what airlines will be operating?With very strong rumours about BA/KLM merging and the repercussions for both airlines that will come about,allied with several other so called flag carriers about to adopt a new structure(possibly either reverting to low fares or feeder airlines,e.g.BMI/TAP/EI/DAT)the whole airline map of europe will change.MOL is taking a very bold step here and it will either work out OK or it will end in tears.I hope for all involved that we start changing our mentality about avaition or we at least admit that it has to be updated.
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Old 26th Jan 2002, 05:18
  #44 (permalink)  
 
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Oneworld22 - you are right in one sense - EximBank are offering Export Credit Guaratees - however they are not the bank or banks funding the deal

*** So who are these Banks, I ask again? ***
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Old 26th Jan 2002, 19:21
  #45 (permalink)  

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After Enron, I wouldn't have thought anyone believes Balance Sheets anymore; just keep moving the money.
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Old 26th Jan 2002, 20:14
  #46 (permalink)  
 
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Ryanair will be successful for a few years. Then the employees who are being exploited will grow discontent. I personally haven't met a Ryanair pilot yet that had anything good to say about the company. All had the attitude that they were stuck with a third rate company and payscale. If you're desperate enough, I guess you'll work for anything.

Another case of the English exploiting the poor Irish. MOL is an Englishman . . right?

[ 26 January 2002: Message edited by: Roadtrip ]</p>
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Old 26th Jan 2002, 21:17
  #47 (permalink)  
 
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I have total respect for Ryanair pilots, my anger is not with them.

It is however disgraceful how Ryanair, with O'Leary's blessing, is behaving with regard to pilot recruitment. The unions may not be able to touch him, but O'Leary has not heard the last from the pilot workforce yet. If he really wants his airline to survive he would need to start thinking about how to keep the pilots he has now, never mind recruiting 800 more.

I too have never heard a Ryanair pilot with a good word to say about the Company so presumably, as soon as they can get out, they will. Let's see who's paying who to come for interview at Ryanair then, when normality returns to our industry and the pile of CVs on his desk runs thin. It'll cost you a grand for me to check my filofax, Mr O'Leary and I'm not talking Euros either. And no, I don't have a 737 rating, nor do I intend to buy one. Nor in fact do I intend to work for an outfit which treats its professional workforce with such utter contempt.

What goes around, comes around Mr O'Leary, and you'll get yours.

[ 26 January 2002: Message edited by: Carpe ]</p>
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Old 27th Jan 2002, 00:09
  #48 (permalink)  
 
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As one of the earlier threads stated, it will be interesting to see how the battle between the low cost carriers shapes up following this order.. . There will seemingly always be the market for the cheapest available seat, desired by the student backpacker or the occasional traveller , or the 21 st century "Scrooge", the type of person who hoards one pence pieces and mourns the demise of the decimal half penny. It is a substantial market because there are plenty of customers who fit the aforementioned profiles, especially the latter category,those undesirables who also take all the lavatory paper from public conveniences rather than actually buy a roll to use at home!. . Therefore , one should agree that the superb and ubiquitous 737 is the ideal choice for the existing customer base. The NG is a highly commendable re hash of a very dated design and offers real and tangible benefits over the "classics", not just cosmetic improvements.. . However, it is not such an asset if Ryanair really does wish to make significant inroads into the markets of the national scheduled carriers.. . This market comprises regular travellers in both business and economy classes - " informed customers".. . If easyjet or Go offered A319/320 cabin dimensions and flew the service to the destination country,s primary rather than tertiary airports ,passengers might be taken from both Ryanair and the expensive full service carriers- a successful compromise operation.. . I see a further risk in Ryanair,s strategy, (whilst conceding that Michael O, Leary is a more proven businessman than I!) It would seem that even the ranks of the ultra low cost customer may be gradually depleted as the history of the development of consumerism clearly indicates that the purchaser becomes progressively more discerning. Whilst customer requirements regarding electrical goods and consumables have risen very rapidly, very cheap but very uncomfortable and inconvenient air travel has been accepted. The tide has been changing progressively but slowly in this respect.The current thread regarding compensation to a JMC passenger and concerns about DVT may accelerate the pace of this change.

[ 28 January 2002: Message edited by: partagas ]

[ 29 January 2002: Message edited by: partagas ]</p>
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Old 27th Jan 2002, 00:19
  #49 (permalink)  
 
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EINino - I think 'Roadtrip', despite being from America, is being ironic about MOL being an Englishman. I am sure he will answer for himself.
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Old 27th Jan 2002, 02:09
  #50 (permalink)  
 
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I am very interested by the comments made about how Ryanair will lose its appeal as circumstances change - harder to recruit pilots, higher demands from customers etc.

If Ryanair were to remain exactly as it is now, this might be true - but why assume Ryanair will always be the same ?

As a tightly run organization, with what appears to be a small management team that makes all the decisions, I would imagine that Ryanair (and all the budget airlines) are in by far the best position to change to suit the environment. They will do so far quicker than the established flag carriers thereby staying ahead of the game.

This is why I believe the budget carriers have a brighter future than the current big airlines - adaptability & flexibility.

Regards,. .V.
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Old 27th Jan 2002, 03:02
  #51 (permalink)  
 
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I think that the press conference to tell the world about their new a/c was one of the worst timed events in history.. .Only 1 day prior they tell Servisir they have lost the contract to Groundstar (who bought it) and there may be 300+ jobs to go.. .MOL is a **** and I hope he comes down to earth with a big thud, . . <img src="mad.gif" border="0"> <img src="mad.gif" border="0"> <img src="mad.gif" border="0">

[ 26 January 2002: Message edited by: andy32 ]

[ 26 January 2002: Message edited by: andy32 ]</p>
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Old 27th Jan 2002, 09:29
  #52 (permalink)  
 
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AiryFairy & ElNino -. .Er.... yea, just my lame try at humor. The Dakota high plains don't do much for makin' a body's funnin' sufisticated ner understandable. Sure don't wanna make no Irishmen mad, neither. We got lots of 'em over here and I know they've got a powerful temper.
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Old 28th Jan 2002, 03:34
  #53 (permalink)  

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Roadtrip and carpe, you obviously haven't met many Ryanair Pilots then, I personally know a big gang of them actually here in Dublinand they have no major complaints at all. In fact a large amount of them have no problem with this new fangled work philosophy, "Work hard and get paid well"

Scary stuff I know....
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Old 28th Jan 2002, 09:15
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I haven't met any management pilots, only a few line pilots. Of course, right now, everybody is just happy to have a job. What is the monthly work schedule and salary for Ryanair line pilots?

[ 28 January 2002: Message edited by: Roadtrip ]</p>
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Old 28th Jan 2002, 12:48
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Growing an airline by 25% p.a.thus needing 100 new aircraft and all the new debt that brings is all well and good for Ryan and easy as long as the status quo remains the same.. .It is economic fact that this sort of growth in sales and profit is only sustainable in the short term.Why? Because other entrepreneurs,not necessarily involved in aviation at the moment,or established carriers will move into this market until the low frills industry becomes a commodity like everything else. There is no customer loyalty in no frills,-price reigns supreme and the internet makes cost comparison that much easier.The fact that MOL and Stellios court publicity on a daily basis and publish their expansion plans to all and sundry will only hasten this process.. .They would better serve their sharholders by saying nowt.
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Old 29th Jan 2002, 00:14
  #56 (permalink)  
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Many, many interesting points, such as:

Partagas suggesting Primary airports and A319/320s to suit the taste of the pax, as their expectations increase.

I agree but it is not just the pax, whose taste wants better things ... so do the carrier's management!

Flying V suggests that the small, closely knit management group will be in a better state than larger companies to move quickly.

I agree but the small managment, once it has proved itself, wants to prove itself on a larger scale! It's the same basic premise behind being world champions at footbal or invading countries. The temptation to get bigger and prove that they can do it 'all over again the next stage up' is what, ultimately, brings most companies down.

But then, if small companies stayed small, they would never get so overblown that they go bust or get taken over and allow someone new in at the bottom to re-invent the wheel!

MoL, like any other will eventually over reach himself. PLEASE NOTE, I do not seek this and have no satisfaction in saying so and have no involvement with any carrier.

It is simply that some 23 years of working in all major areas of commerce and the public sector, have shown me that he will. It is human nature and MoL is very much a human being.

So, good luck, just look for the right time to jump off the bandwagon! Although, I doubt that will be for a few years yet.
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Old 29th Jan 2002, 01:16
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As far as standards are concerned, the 737-800 will live up to the A319/320/321 any day. The . .-200's will only be flying for another 2-3 years now and then there will only be -800's in the fleet.

Funnily enough though, as far as continuing success is concerned, years ago people said the same sort of things about Southwest and Herb Kelleher and they are now operating on a much larger scale than Ryanair, even after the expansion. Like it or not, MOL is here to stay!
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Old 29th Jan 2002, 01:41
  #58 (permalink)  

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Attracted by El Nino's positive title it was refreshing to hear some good news in a sector that has been until recently plunged in gloom. Also enlightening has been to hear informed debate over a fast growing area of the industry. . .Ryanair has along with other low cost operations given a much needed boost to the aviation and travel industry and as such is to be applauded. Salaries may well be low, but it is getting pilots into the air instead of pounding the streets and sending off endless CV's, and I have been there.

I was also struck by a minor eddy in the general drift of the thread that did catch the eye. A quote and a general comment by a contributer drew a fairly savage response containing a completely unwarrented and gratuitous insult. In this he was supported by a third who percieved the first commentator as a sad **** slagging off for no reason. Neither of these gentlemen were either correct, or had good reason for their beligerent attitudes. A fairly restrained, IMHO, response gathered more insults. Insulted gentleman reveals that he is a regular, and satisfied customer of the very airline that these sad individuals appear to wok for, and surprise surprise, gets insulted yet again.. . The one and possibly two crewmembers of the airline in question would seem to have displayed coplete lack of judgement, in addition to appalling manners. The screenname of the one who does the loadsheet every day sums up his persona very well, right up to the limit on everything, lack of judgement and manners prominent among them. All his colourful descriptions would in fact seem to apply to himself perfectly.

[ 28 January 2002: Message edited by: Paterbrat ]</p>
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Old 29th Jan 2002, 02:54
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What??? Can anyone understand that? I fell asleep in the middle. That guy sounds smart.. .I bet he went to Oxford (The University...not the flight school)

Thanks. Donkey Duke <img src="cool.gif" border="0"> <img src="cool.gif" border="0">
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Old 29th Jan 2002, 10:44
  #60 (permalink)  

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Cool

It's quite OK Donkey if the name fits wear it with pride
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