Entries tagged "Ryanair"
Irish airline Aer Lingus Group plc, under siege from nonunionized rival Ryanair Holdings Ltd., did not immediately respond to the €200 million ($254 million) sweetener Ryanair added to its €748 million bid for the company Friday. Instead it announced the outcome of a ballot of its own, unionized, workers, which came out in favor of efficiencies and reformed working practices. The former state airline believes the costs cuts will save €25 million a year. ...
Maybe it was just a flight of fancy, or a bit of Irish blarney, but Michael O'Leary, the CEO of Irish budget carrier Ryanair Holdings plc, was at his big-thinking best when he told London's Daily Telegraph newspaper he has two main ambitions to fulfill before he bows out of the job. One is to take over London's Stansted Airport from Britain's main airports operator BAA Ltd., the other is to finish the job of buying his Dublin rival, the Irish flag carrier Aer Lingus Group plc, in which he owns a 29.8% stake. In an interview published Friday, he...
Ryanair Holdings plc may be an attractive target, Reuters is reporting. The article says that in addition to its depressed stock price, what makes the Irish airline attractive is an order at a steep 60% discount for 100 new Boeing aircraft, which it placed after the Sept. 11 attacks, and with renegotiations it has 150 planes on order and plans to buy 70 more. ...
