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07/01/2010
Ryanair Denies Third Aer Lingus Bid
Ryanair has waved off speculation it is preparing a third bid for Aer Lingus.
In a statement today, updating investors on it's year to date passenger figures, the budget airline said there was no truth or basis to recent Irish media speculation that Ryanair was preparing a third bid for Aer Lingus.
Ryanair’s Michael O'Leary said: "Our position on Aer Lingus remains unchanged. A third bid is highly unlikely unless or until the Irish Government decides to dispose of its 25% stake in this loss making, increasingly marginalised, regional carrier."
The no-frills carrier said it planned to return cash to its shareholders from 2013 as it cuts capital spending by more than 90% after pulling out of talks to buy 200 aircraft from Boeing.
According to today's statement, Ryanair's December traffic grew 12% to 4.9m, while annual traffic grew 13% to 65.3m for 2009.
Chief Executive Michael O'Leary said it expected its cash reserves of €2.5bn to grow 'substantially' by March 2013 due to the cutback in spending.
Meanwhile, Aer Lingus Group today formalised its code-share agreement with United Airlines to jointly operate scheduled service between Washington Dulles and Madrid, Spain.
The service will launch on 28 March and it is anticipated that additional routes may be made available for sale during 2010 to commence operation in Summer 2011.
(DW/GK)
In a statement today, updating investors on it's year to date passenger figures, the budget airline said there was no truth or basis to recent Irish media speculation that Ryanair was preparing a third bid for Aer Lingus.
Ryanair’s Michael O'Leary said: "Our position on Aer Lingus remains unchanged. A third bid is highly unlikely unless or until the Irish Government decides to dispose of its 25% stake in this loss making, increasingly marginalised, regional carrier."
The no-frills carrier said it planned to return cash to its shareholders from 2013 as it cuts capital spending by more than 90% after pulling out of talks to buy 200 aircraft from Boeing.
According to today's statement, Ryanair's December traffic grew 12% to 4.9m, while annual traffic grew 13% to 65.3m for 2009.
Chief Executive Michael O'Leary said it expected its cash reserves of €2.5bn to grow 'substantially' by March 2013 due to the cutback in spending.
Meanwhile, Aer Lingus Group today formalised its code-share agreement with United Airlines to jointly operate scheduled service between Washington Dulles and Madrid, Spain.
The service will launch on 28 March and it is anticipated that additional routes may be made available for sale during 2010 to commence operation in Summer 2011.
(DW/GK)
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27 February 2013
EU Block Ryanair In Third Attempt To Buy Aer Lingus
Ryanair’s third attempt to buy Aer Lingues has again been blocked by European Union antitrust regulators. Following the Eu executive vetoing the airlines first attempt in 2009, the regulator have again said the bid could hurt competition and lead to higher prices for passengers.
EU Block Ryanair In Third Attempt To Buy Aer Lingus
Ryanair’s third attempt to buy Aer Lingues has again been blocked by European Union antitrust regulators. Following the Eu executive vetoing the airlines first attempt in 2009, the regulator have again said the bid could hurt competition and lead to higher prices for passengers.
05 November 2012
Aer Arann To Suspend Services From Waterford Airport
Aer Arann, operating as Aer Lingus Regional, is to suspend its services at Waterford Airport with effect from 6 January, 2013. The routes affected will be Aer Lingus Regional services from Waterford Airport to London Southend, London Luton and Manchester. The airline will continue to operate as normal from Waterford up to 6 January, 2013.
Aer Arann To Suspend Services From Waterford Airport
Aer Arann, operating as Aer Lingus Regional, is to suspend its services at Waterford Airport with effect from 6 January, 2013. The routes affected will be Aer Lingus Regional services from Waterford Airport to London Southend, London Luton and Manchester. The airline will continue to operate as normal from Waterford up to 6 January, 2013.
17 January 2011
Arann Flies To Scotland With Aer Lingus
Aer Lingus and Aer Arann have announced plans for a new route from Shannon to Edinburgh as part of the franchise agreement between the two airlines. From 27 March, Aer Lingus Regional, operated by Aer Arann, will provide flights to Shannon from Edinburgh five days a week.
Arann Flies To Scotland With Aer Lingus
Aer Lingus and Aer Arann have announced plans for a new route from Shannon to Edinburgh as part of the franchise agreement between the two airlines. From 27 March, Aer Lingus Regional, operated by Aer Arann, will provide flights to Shannon from Edinburgh five days a week.
18 July 2012
Aer Lingus Want Shareholders To Reject Ryanair Takeover Bid
Aer Lingus has called on its shareholders to reject the Ryanair takeover offer. Ryanair submitted a formal takeover for Aer Lingus yesterday with an offer of €694m. However, Aer Lingus has said it believes Ryanair’s offer "fundamentally undervalues Aer Lingus and represents a significant discount to the intrinsic value of the business".
Aer Lingus Want Shareholders To Reject Ryanair Takeover Bid
Aer Lingus has called on its shareholders to reject the Ryanair takeover offer. Ryanair submitted a formal takeover for Aer Lingus yesterday with an offer of €694m. However, Aer Lingus has said it believes Ryanair’s offer "fundamentally undervalues Aer Lingus and represents a significant discount to the intrinsic value of the business".
07 September 2011
Govt To Sell Stake In Are Lingus?
The Irish Government is considering putting its 25% stake in the national airline, Aer Lingus, on the market. In a statement the Transport Minister Leo Varadkar has said that he no longer considers the airline asset as strategic. However the Minister said: "No formal decision has been made yet.
Govt To Sell Stake In Are Lingus?
The Irish Government is considering putting its 25% stake in the national airline, Aer Lingus, on the market. In a statement the Transport Minister Leo Varadkar has said that he no longer considers the airline asset as strategic. However the Minister said: "No formal decision has been made yet.
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