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21/05/2009
Cut Aer Lingus Executive Salaries, Says Ryanair
The main rival to Aer Lingus is calling on the company to cut the salaries of its most senior executives.
Ryanair, which has a 29.8% stake in Aer Lingus, has tabled two resolutions for the airline's AGM on June 5.
They want to see the Aer Lingus Chairman, Colm Barrington and its directors, have their pay cut.
The company said this was due to the airline's "stated need to significantly reduce costs".
Ryanair wants its bitterest rival to cut the pay packet of its non-executive chairman from the €175,000 he received in 2007 back to the amount of €35,000 earned by the previous chairman, John Sharman, in 2006.
It also wants to see a cut in the pay of Aer Lingus' directors from the €45,000 they earned in 2007 to the €17,500 they earned in 2006.
Ryanair says that any future increases in the renumeration of the both the chairman and the directors should not exceed the general level of pay increase agreed between the company and its employees.
However, Aer Lingus said that its board members voluntarily decied to reduce their fees by 20% in February.
"The Aer Lingus board believes that the existing non-executive directors' fees and chairman's fees are reasonable having regard to the high level of board activity and the increase in directors' responsibilities since the IPO," the airline said in a statement.
Yesterday, Aer Lingus was celebrating news of considerable success for its Belfast International Airport 'hub'.
It has clocked up a million passengers since moving a major London-bound air slot away from Shannon to the new Aldegrove base.
See: Aer Lingus Soars With 1m Passengers
Ryanair, which has a 29.8% stake in Aer Lingus, has tabled two resolutions for the airline's AGM on June 5.
They want to see the Aer Lingus Chairman, Colm Barrington and its directors, have their pay cut.
The company said this was due to the airline's "stated need to significantly reduce costs".
Ryanair wants its bitterest rival to cut the pay packet of its non-executive chairman from the €175,000 he received in 2007 back to the amount of €35,000 earned by the previous chairman, John Sharman, in 2006.
It also wants to see a cut in the pay of Aer Lingus' directors from the €45,000 they earned in 2007 to the €17,500 they earned in 2006.
Ryanair says that any future increases in the renumeration of the both the chairman and the directors should not exceed the general level of pay increase agreed between the company and its employees.
However, Aer Lingus said that its board members voluntarily decied to reduce their fees by 20% in February.
"The Aer Lingus board believes that the existing non-executive directors' fees and chairman's fees are reasonable having regard to the high level of board activity and the increase in directors' responsibilities since the IPO," the airline said in a statement.
Yesterday, Aer Lingus was celebrating news of considerable success for its Belfast International Airport 'hub'.
It has clocked up a million passengers since moving a major London-bound air slot away from Shannon to the new Aldegrove base.
See: Aer Lingus Soars With 1m Passengers
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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.
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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