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09/12/2009
Aer Lingus Takeover Looms Again
Aer Lingus is again at risk of being taken over by Ryanair - unless employees agree to plans for sweeping cost cuts - its new boss has said.
"If Aer Lingus isn't capable of mastering its own destiny, then of course the likelihood that some form of non-independence might occur is more likely," Christoph Mueller was reported as saying.
According to the authorative Financial Times, he answered "yes" when asked if this meant Ryanair, which has already made two unsuccessful bids for the airline.
He told the FT that an agreement with the unions was key to enabling the airline to stay independent.
"One group of employees is resisting and bringing Aer Lingus closer to a situation where we might lose our independence."
The airline said last week it plans to cut routes and jobs after failing to reach agreement on a reform plan with all of its employees.
It warned that compulsory and immediate redundancies were likely after it had come close to agreeing with most unions but had not overcome resistance from some groups including pilots who were asking for too much money.
(BMcC/KMcA)
"If Aer Lingus isn't capable of mastering its own destiny, then of course the likelihood that some form of non-independence might occur is more likely," Christoph Mueller was reported as saying.
According to the authorative Financial Times, he answered "yes" when asked if this meant Ryanair, which has already made two unsuccessful bids for the airline.
He told the FT that an agreement with the unions was key to enabling the airline to stay independent.
"One group of employees is resisting and bringing Aer Lingus closer to a situation where we might lose our independence."
The airline said last week it plans to cut routes and jobs after failing to reach agreement on a reform plan with all of its employees.
It warned that compulsory and immediate redundancies were likely after it had come close to agreeing with most unions but had not overcome resistance from some groups including pilots who were asking for too much money.
(BMcC/KMcA)
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01 December 2008
Ryanair Flies Into Takeover Turbulence
There's a multi-million euro bid for Aer Lingus on the table today as budget airline Ryanair makes a fresh takeover offer. The all-cash offer would value Aer Lingus at €748m euros (£619m) a lot less than the previous offer for Aer Lingus, which valued it at €1.5 billion.
Ryanair Flies Into Takeover Turbulence
There's a multi-million euro bid for Aer Lingus on the table today as budget airline Ryanair makes a fresh takeover offer. The all-cash offer would value Aer Lingus at €748m euros (£619m) a lot less than the previous offer for Aer Lingus, which valued it at €1.5 billion.
31 August 2010
Examiner Appointed To Aer Arann
The High Court has appointed an Examiner for troubled airline, Aer Arann. Aer Arann said it intends to operate normally during the period of examinership and intends to fly all Aer Arann services and all Aer Lingus Regional services operated under the airline’s franchise agreement with Aer Lingus.
Examiner Appointed To Aer Arann
The High Court has appointed an Examiner for troubled airline, Aer Arann. Aer Arann said it intends to operate normally during the period of examinership and intends to fly all Aer Arann services and all Aer Lingus Regional services operated under the airline’s franchise agreement with Aer Lingus.
17 December 2008
Revamped Ryanair Offer Shot-Down
Aer Lingus has rejected the Ryanair offer despite a revised bid from the budget airline yesterday. The rejection comes in spite of two major changes to the initial hostile takeover offer, with the Aer Lingus Chairman Colm Barrington dismissing the offer as "nothing new".
Revamped Ryanair Offer Shot-Down
Aer Lingus has rejected the Ryanair offer despite a revised bid from the budget airline yesterday. The rejection comes in spite of two major changes to the initial hostile takeover offer, with the Aer Lingus Chairman Colm Barrington dismissing the offer as "nothing new".
29 November 2001
Irish airport sector hit by further redundancies
It is thought that over 200 jobs are under threat at Dublin Airport following reports that Servisair has issued protective redundancy notices to workers at the site.
Irish airport sector hit by further redundancies
It is thought that over 200 jobs are under threat at Dublin Airport following reports that Servisair has issued protective redundancy notices to workers at the site.
02 June 2009
Ryanair Flies Low
The budget airline Ryanair - which flies from two bases in Northern Ireland - has revealed financial returns showing a major nosedive in operating profits. Ryanair plunged into the red by €169.2 million (£145.9m) in the year to March after being hit with a 59% hike in its fuel bill.
Ryanair Flies Low
The budget airline Ryanair - which flies from two bases in Northern Ireland - has revealed financial returns showing a major nosedive in operating profits. Ryanair plunged into the red by €169.2 million (£145.9m) in the year to March after being hit with a 59% hike in its fuel bill.
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Northern Ireland WeatherThis Evening and Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
