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17/10/2011
Etihad To Buy Govt Aer Lingus Stake?
Talks are reportedly underway between the Irish Government and a Middle Eastern airline, which have expressed interest in the Governments 25% stake in Aer Lingus.
According to the Financial Times, a meeting between James Hogan,the Chief Executive of Etihad and Taoiseach Enda Kenny, at an investment conference in Dublin, sparked interest.
This comes after the Government said in September it would sell its stake in the airline. Transport Minister Leo Varadkar said that he would not sell it for less than €1m per share, which would value the stake at €132.4m and Aer Lingus at €529.6m, the newspaper said.
The Financial Times cited people with knowledge of the move as saying it is unclear how far talks have progressed and that they might not result in any deal.
Aer Lingus and Etihad have not commented.
Meanwhile analysts believe that the most likely buyer of the airline is International Airlines Group, the parent company of British Airways. Its boss, Willie Walsh was a former head of Aer Lingus.
(LB/CD)
According to the Financial Times, a meeting between James Hogan,the Chief Executive of Etihad and Taoiseach Enda Kenny, at an investment conference in Dublin, sparked interest.
This comes after the Government said in September it would sell its stake in the airline. Transport Minister Leo Varadkar said that he would not sell it for less than €1m per share, which would value the stake at €132.4m and Aer Lingus at €529.6m, the newspaper said.
The Financial Times cited people with knowledge of the move as saying it is unclear how far talks have progressed and that they might not result in any deal.
Aer Lingus and Etihad have not commented.
Meanwhile analysts believe that the most likely buyer of the airline is International Airlines Group, the parent company of British Airways. Its boss, Willie Walsh was a former head of Aer Lingus.
(LB/CD)
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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.
10 July 2015
Ryanair To Sell Aer Lingus Stake To IAG
Ryanair has confirmed its board has voted "unanimously" to accept the IAG offer for its 29.8% shareholding in Aer Lingus Group. The airlines stake has been available for sale since May 2012. The board has said it believes the current IAG offer "maximises Ryanair shareholder value.
Ryanair To Sell Aer Lingus Stake To IAG
Ryanair has confirmed its board has voted "unanimously" to accept the IAG offer for its 29.8% shareholding in Aer Lingus Group. The airlines stake has been available for sale since May 2012. The board has said it believes the current IAG offer "maximises Ryanair shareholder value.
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.
06 March 2009
Aer Lingus Reports Fall In Flyer Numbers
Aer Lingus has reported its passenger numbers were down 8.4% last month compared to February of last year. The company says it carried 688,000 passengers during the month with passenger numbers on short-haul routes down 8% to 620,0000. Meanwhile the figure for long-haul services was down 11.7% to 68,000.
Aer Lingus Reports Fall In Flyer Numbers
Aer Lingus has reported its passenger numbers were down 8.4% last month compared to February of last year. The company says it carried 688,000 passengers during the month with passenger numbers on short-haul routes down 8% to 620,0000. Meanwhile the figure for long-haul services was down 11.7% to 68,000.
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Ireland WeatherToday:A mainly dry although with a fair amount of cloud with only a few sunny intervals. Overnight fog patches lifting this morning. A few showers possible across Fermanagh. Light winds. Maximum temperature 7 °C.Tonight:Chance of one or two showers across the south at first this evening. Otherwise it will be a dry night with a few fog patches. Minimum temperature 4 °C.
