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10/12/2008
Ryanair 'Flagging' Says Air Lingus Chief
The Aer Lingus boss has claimed that his airline would be "damaged" by a merger with Ryanair.
Chief Executive Dermot Mannion said that the Ryanair boss Michael O'Leary was pursuing the takeover as the Ryanair brand was "beginning to flag".
Ryanair confirmed today that it was closing its flights to and from the popular holiday destination of Fuerteventura from January due to a dispute with a local tourism group and is considering legal action.
Speaking today, Ryanair's Michael Cawley, said: "This is a very black day for Fuerteventura and one which will have a severe impact on tourism and the livelihoods of its islanders."
The claims by Mr Mannion comes following an announcement that Aer Lingus was planning a hefty defense against Mr O'Leary's advances for a takeover.
The airline hopes to use it's recently secured savings following negotiations with trade union officials to rebut the €780 million takeover bid by Ryanair.
Aer Lingus claims the price-tag seriously undervalues the company, while remaining confident such a takeover would be unsuccessful anyway, as the bid could be in breach of European monopoly regulations.
(DW/JM)
Chief Executive Dermot Mannion said that the Ryanair boss Michael O'Leary was pursuing the takeover as the Ryanair brand was "beginning to flag".
Ryanair confirmed today that it was closing its flights to and from the popular holiday destination of Fuerteventura from January due to a dispute with a local tourism group and is considering legal action.
Speaking today, Ryanair's Michael Cawley, said: "This is a very black day for Fuerteventura and one which will have a severe impact on tourism and the livelihoods of its islanders."
The claims by Mr Mannion comes following an announcement that Aer Lingus was planning a hefty defense against Mr O'Leary's advances for a takeover.
The airline hopes to use it's recently secured savings following negotiations with trade union officials to rebut the €780 million takeover bid by Ryanair.
Aer Lingus claims the price-tag seriously undervalues the company, while remaining confident such a takeover would be unsuccessful anyway, as the bid could be in breach of European monopoly regulations.
(DW/JM)
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18 July 2012
Aer Lingus Want Shareholders To Reject Ryanair Takeover Bid
Aer Lingus has called on its shareholders to reject the Ryanair takeover offer. Ryanair submitted a formal takeover for Aer Lingus yesterday with an offer of €694m. However, Aer Lingus has said it believes Ryanair’s offer "fundamentally undervalues Aer Lingus and represents a significant discount to the intrinsic value of the business".
Aer Lingus Want Shareholders To Reject Ryanair Takeover Bid
Aer Lingus has called on its shareholders to reject the Ryanair takeover offer. Ryanair submitted a formal takeover for Aer Lingus yesterday with an offer of €694m. However, Aer Lingus has said it believes Ryanair’s offer "fundamentally undervalues Aer Lingus and represents a significant discount to the intrinsic value of the business".
07 October 2014
Delays At Airport After Planes Clip On Runway
Minor delays were caused at Dublin Airport this morning after two Ryanair flights clipped each other while taxing to a runway. According to witnesses one plane lost a small section of its wing when it clipped another plane. No one was injured in the incident and the airport quickly returned to normal.
Delays At Airport After Planes Clip On Runway
Minor delays were caused at Dublin Airport this morning after two Ryanair flights clipped each other while taxing to a runway. According to witnesses one plane lost a small section of its wing when it clipped another plane. No one was injured in the incident and the airport quickly returned to normal.
05 July 2016
French ATC Strike Forces Ryanair And Aer Lingus Flight Cancellations
A French air traffic control (ATC) strike has forced Ryanair and Aer Lingus to cancel a number of flights to and from France and Spain today, 05 July. Ryanair cancelled 102 flights, while Aer Lingus had to cancel eight flights after the French ATC began their 13th strike in 14 weeks.
French ATC Strike Forces Ryanair And Aer Lingus Flight Cancellations
A French air traffic control (ATC) strike has forced Ryanair and Aer Lingus to cancel a number of flights to and from France and Spain today, 05 July. Ryanair cancelled 102 flights, while Aer Lingus had to cancel eight flights after the French ATC began their 13th strike in 14 weeks.
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.
28 August 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.
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.
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