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14/08/2008
Ryan Air Denies Stansted Bid
Outgoing Ryanair boss, Michael O'Leary, has dismissed reports that the low fares carrier has plans to buy London's Stansted airport.
Amid rumours the budget airline boss was planning to buy up the airport, Mr O'Leary said at a press conference he has never had any interest in owning the facility, although he would be interested in working closely alongside whoever snapped it up.
Mr O'Leary added that Ryanair would be willing to show its new owner how to build a second terminal for just €250 million, a runway for €188 million, and double its capacity to more than 40 million passengers a year.
He said he believed Stansted and Gatwick airports had to be bought by two different owners to grow rapidly and ensure the development of runways at both facilities.
"We have no interest in acquiring airports, we will not be acquiring Stansted airport, but clearly we will be happy to work with anybody who buys it," O'Leary is reported as saying.
Despite recent revelations Ryanair was to make a loss of up to €50 million, Mr O'Leary said if oil remained at US$130 a barrel and the airline stuck by it commitments to reduce fares by 5% this winter, the company could break even.
(DW)
Amid rumours the budget airline boss was planning to buy up the airport, Mr O'Leary said at a press conference he has never had any interest in owning the facility, although he would be interested in working closely alongside whoever snapped it up.
Mr O'Leary added that Ryanair would be willing to show its new owner how to build a second terminal for just €250 million, a runway for €188 million, and double its capacity to more than 40 million passengers a year.
He said he believed Stansted and Gatwick airports had to be bought by two different owners to grow rapidly and ensure the development of runways at both facilities.
"We have no interest in acquiring airports, we will not be acquiring Stansted airport, but clearly we will be happy to work with anybody who buys it," O'Leary is reported as saying.
Despite recent revelations Ryanair was to make a loss of up to €50 million, Mr O'Leary said if oil remained at US$130 a barrel and the airline stuck by it commitments to reduce fares by 5% this winter, the company could break even.
(DW)
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15 November 2011
Minister Sorry To See DAA Chief Departure
The Minister for Transport has paid tribute to the outgoing Dublin Airport Authority Chief Executive for his role during a "very challenging time".
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The Minister for Transport has paid tribute to the outgoing Dublin Airport Authority Chief Executive for his role during a "very challenging time".
11 April 2008
Cork Airport Accepts Debt Deal
Cork Airport Authority (CAA) has put an end to their long-running dispute with Dublin Airport by accepting recommendations that it assume millions of euros in debt as the price of independence. Last night, the CAA held a crunch meeting and agreed 'in principle' to accept the debt, in return for its independent operations.
Cork Airport Accepts Debt Deal
Cork Airport Authority (CAA) has put an end to their long-running dispute with Dublin Airport by accepting recommendations that it assume millions of euros in debt as the price of independence. Last night, the CAA held a crunch meeting and agreed 'in principle' to accept the debt, in return for its independent operations.
09 March 2010
Government Attacks O'Leary's 'Bizarre Charade'
Fianna Fáil TD Michael Kennedy has accused the Ryanair Chief Executive of engaging in a "bizarre charade" over job negotiations for the highly contested Hangar 6 at Dublin Airport.
Government Attacks O'Leary's 'Bizarre Charade'
Fianna Fáil TD Michael Kennedy has accused the Ryanair Chief Executive of engaging in a "bizarre charade" over job negotiations for the highly contested Hangar 6 at Dublin Airport.
12 October 2012
Aer Lingus Strike Now 'Highly Likely'
Trade union Siptu has warned that industrial action at Aer Lingus now seems “highly likely”, in an ongoing dispute over pensions. Siptu said efforts to resolve the dispute over the €748 million deficit in the pension scheme at Aer Lingus and the Dublin Airport Authority ended in disarray at the Labour Relations Commission on Thursday night.
Aer Lingus Strike Now 'Highly Likely'
Trade union Siptu has warned that industrial action at Aer Lingus now seems “highly likely”, in an ongoing dispute over pensions. Siptu said efforts to resolve the dispute over the €748 million deficit in the pension scheme at Aer Lingus and the Dublin Airport Authority ended in disarray at the Labour Relations Commission on Thursday night.
04 April 2008
Minister For Cork Slams Cassells Report
A Fine Gael Front Bencher has called on the Government to honour the commitment given to Cork Airport and reject the Cassells report. The TD for Cork South Central, Simon Coveney, has spoken out over the controversial report, claiming the government is reneging on their promise that Cork Airport would open debt free.
Minister For Cork Slams Cassells Report
A Fine Gael Front Bencher has called on the Government to honour the commitment given to Cork Airport and reject the Cassells report. The TD for Cork South Central, Simon Coveney, has spoken out over the controversial report, claiming the government is reneging on their promise that Cork Airport would open debt free.
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Ireland WeatherThis Evening and Tonight:Clear start with a fairly widespread frost developing. Increasing cloud brings occasionally heavy rain overnight, preceded, especially over western hills, briefly by snow. Occasional southeasterly gales, severe near coasts, developing. Minimum temperature -2 °C.
