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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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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.
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.
02 December 2008
Government Looks Seriously At Aer Lingus Offer
The Irish Finance Minister Brian Lenihan (pictured) is said to be having a "serious look" at a fresh multi-million euro offer for Aer Lingus from its rival Ryanair - even though the airline itself has publicly ruled the bid out. Ryanair boss, Michael O'Leary has been actively trying to take over Aer Lingus for sometime, offering €1.
Government Looks Seriously At Aer Lingus Offer
The Irish Finance Minister Brian Lenihan (pictured) is said to be having a "serious look" at a fresh multi-million euro offer for Aer Lingus from its rival Ryanair - even though the airline itself has publicly ruled the bid out. Ryanair boss, Michael O'Leary has been actively trying to take over Aer Lingus for sometime, offering €1.
09 December 2008
Aer Lingus Knuckles Down Over Ryanair Offer
Aer Lingus is fortifying its defences against the bold approach from Ryanair last week. The airline's Chief Executive Dermot Mannion has announced the recent union agreement will mean the loss predicted for the end of year could be turned around due to its expected €50 million in cuts.
Aer Lingus Knuckles Down Over Ryanair Offer
Aer Lingus is fortifying its defences against the bold approach from Ryanair last week. The airline's Chief Executive Dermot Mannion has announced the recent union agreement will mean the loss predicted for the end of year could be turned around due to its expected €50 million in cuts.
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.
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