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28/08/2013
Ryanair Told To Reduce Aer Lingus Stake
Ryanair has been told that it must reduce its stake in Aer Lingus from 29.8% to 5%.
The UK Competition Commission (UKCC) made the demand of the airline, as well as informing them that they are not to seek or accept board representation at Aer Lingus, or try to acquire any further shares.
It is understood that Ryanair boss, Michael O'Leary had expected the UKCC ruling to be negative, stating ahead of the announcement that he would challenge such a ruling.
The decision from the UKCC comes amid concerns that O'Leary's stake in Aer Lingus had, or could lead to, "a lessening of competition between the airlines on routes between Great Britain and Ireland".
A claim which O'Leary is reported to have said has been "manifestly disproven by seven years of evidence".
(MH/JP)
The UK Competition Commission (UKCC) made the demand of the airline, as well as informing them that they are not to seek or accept board representation at Aer Lingus, or try to acquire any further shares.
It is understood that Ryanair boss, Michael O'Leary had expected the UKCC ruling to be negative, stating ahead of the announcement that he would challenge such a ruling.
The decision from the UKCC comes amid concerns that O'Leary's stake in Aer Lingus had, or could lead to, "a lessening of competition between the airlines on routes between Great Britain and Ireland".
A claim which O'Leary is reported to have said has been "manifestly disproven by seven years of evidence".
(MH/JP)
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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.
19 October 2007
Ryanair Hits Out As Aer Lingus Takes Flight
With Aer Lingus proceeding with its plan to close the Shannon-Heathrow route and open a new Belfast hub instead, its biggest rival (and ironically, its biggest shareholder), Ryanair is now set to provide three additional daily flights to London to ensure Shannon Airport's capacity and traffic does not fall as a result of this Aer Lingus closure.
Ryanair Hits Out As Aer Lingus Takes Flight
With Aer Lingus proceeding with its plan to close the Shannon-Heathrow route and open a new Belfast hub instead, its biggest rival (and ironically, its biggest shareholder), Ryanair is now set to provide three additional daily flights to London to ensure Shannon Airport's capacity and traffic does not fall as a result of this Aer Lingus closure.
05 November 2013
Concerns Raised Over Threatened Aer Lingus Strike
Fianna Fáil Spokesperson on Transport and Tourism, Timmy Dooley TD, has voiced his concern at the news that 91% of IMPACT cabin crew members at Aer Lingus voted in favour of industrial action.
Concerns Raised Over Threatened Aer Lingus Strike
Fianna Fáil Spokesperson on Transport and Tourism, Timmy Dooley TD, has voiced his concern at the news that 91% of IMPACT cabin crew members at Aer Lingus voted in favour of industrial action.
02 June 2009
Ryanair Flies Low
The budget airline Ryanair 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 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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