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03/07/2008
Ryanair's Aer Lingus Stake 'Takes Off'
Ryanair has again raised its stake in Aer Lingus, brining its ownership to almost 30%.
The budget airline last night announced a 3.5 million shares transaction, creating a 29.82% share, brining total share holdings to 159,231,025.
Ryanair, who previous attempted to mount a hostile takeover of its rival, has not revealed the value of the Aer Lingus transaction.
However, media reports have suggested that 31 million Aer Lingus shares have been sold at a €20 million loss for the company. One newspaper has alleged developer Liam Carroll sold his shares for €1.15 each.
Stockbrokers have described the latest deal as a "fire sale", which could have yielded Mr Carroll €40.25m, after purchasing the shares for €2million earlier this year.
Mr Carroll is one of Ireland’s most successful developers, with his Dublin-based company Zelderbridge holding over 60 subsidiaries.
Ryanair share prices dropped 4.5% in the capital today, and now stand at €2.49, down 11%.
(PR)
The budget airline last night announced a 3.5 million shares transaction, creating a 29.82% share, brining total share holdings to 159,231,025.
Ryanair, who previous attempted to mount a hostile takeover of its rival, has not revealed the value of the Aer Lingus transaction.
However, media reports have suggested that 31 million Aer Lingus shares have been sold at a €20 million loss for the company. One newspaper has alleged developer Liam Carroll sold his shares for €1.15 each.
Stockbrokers have described the latest deal as a "fire sale", which could have yielded Mr Carroll €40.25m, after purchasing the shares for €2million earlier this year.
Mr Carroll is one of Ireland’s most successful developers, with his Dublin-based company Zelderbridge holding over 60 subsidiaries.
Ryanair share prices dropped 4.5% in the capital today, and now stand at €2.49, down 11%.
(PR)
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30 January 2015
Access And Jobs Key In Govt Decision Over Aer Lingus Sale
Access and jobs will be key factors in the government's decision on whether or not to accept an Aer Lingus takeover bid by IAG, Minister for Transport Paschal Donohoe has said. The Aer Lingus board said earlier this week it was willing to recommend the acceptance of the latest offer from IAG.
Access And Jobs Key In Govt Decision Over Aer Lingus Sale
Access and jobs will be key factors in the government's decision on whether or not to accept an Aer Lingus takeover bid by IAG, Minister for Transport Paschal Donohoe has said. The Aer Lingus board said earlier this week it was willing to recommend the acceptance of the latest offer from IAG.
28 May 2015
SF Hits Out At FF Over Sale Of Aer Lingus
Sinn Féin has hit out at Fianna Fáil over the sale of Aer Lingus. Laois and Offaly TD, Brian Stanley, said that Fianna Fáil had initiated the privatisation of Aer Lingus in 2006 when they placed 75% of its shares on the stock exchange.
SF Hits Out At FF Over Sale Of Aer Lingus
Sinn Féin has hit out at Fianna Fáil over the sale of Aer Lingus. Laois and Offaly TD, Brian Stanley, said that Fianna Fáil had initiated the privatisation of Aer Lingus in 2006 when they placed 75% of its shares on the stock exchange.
08 June 2009
O'Leary Makes €18.75 Million On Ryanair Shares
Ryanair chief executive Michael O'Leary has sold five million shares in his airline earning him €18.75 million before taxes, according to reports on Monday morning. The sale reduces Mr O'Leary's holding in the company to just over 4%, equivalent to 0.34% of the airline's total amount of shares.
O'Leary Makes €18.75 Million On Ryanair Shares
Ryanair chief executive Michael O'Leary has sold five million shares in his airline earning him €18.75 million before taxes, according to reports on Monday morning. The sale reduces Mr O'Leary's holding in the company to just over 4%, equivalent to 0.34% of the airline's total amount of shares.
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.
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Ireland WeatherThis Evening and Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
