Ryanair bows out of Stansted Airport auction October 9, 2012 RYANAIR yesterday dropped its efforts to buy a stake in Stansted, blaming the airport’s owner Ferrovial for refusing to engage. The budget carrier has written to all of its potential bidding partners to withdraw from the process, citing “Ferrovial’s decision to exclude Ryanair from the Stansted sale”. Ryanair had been looking to take a 25 [...]
Ryanair hopes to woo EU with compromise on Aer Lingus bid October 22, 2012 IRISH low-cost airline Ryanair has offered concessions to European Union antitrust regulators in a bid to secure regulatory clearance to acquire local rival Aer Lingus. Ryanair, whose most recent bid for Aer Lingus in June valued the firm at €694m (£566m), hopes to convince the European Commission that a takeover would not restrict competition on [...]
Ryanair carries enough fuel September 20, 2012 ■ Aviation watchdogs have cleared Ryanair of breaching safety rules after three emergency landings in Valencia in July, but recommended that the airline and the Spanish authorities review their fuel policies. The planes were carrying sufficient fuel when they departed from Madrid, but after diversions during thunderstorms made Mayday calls as fuel dropped close to [...]
Ryanair carries enough fuel September 20, 2012 ■ Aviation watchdogs have cleared Ryanair of breaching safety rules after three emergency landings in Valencia in July, but recommended that the airline and the Spanish authorities review their fuel policies. The planes were carrying sufficient fuel when they departed from Madrid, but after diversions during thunderstorms made Mayday calls as fuel dropped close to [...]
Aer Lingus deal blocked by EU February 27, 2013 The European Commission has blocked Ryanair's £600m deal to acquire Aer Lingus citing competition concerns. "The Commission's decision protects more than 11 million Irish and European passengers who travel each year to and from Dublin, Cork, Knock and Shannon. For them, the acquisition of Aer Lingus by Ryanair would have most likely led to [...]
Ryanair bullish on Aer Lingus September 4, 2012 RYANAIR chief executive Michael O’Leary believes he can make a deal with competition authorities to clear the way for his takeover of rival airline Aer Lingus. O’Leary told reporters yesterday: “We are confident that the remedies package will be enough to satisfy competition issues. “There are 46 cross over routes and we will remedy all [...]
EasyJet, Ryanair and IAG are helped by post-Games boost October 3, 2012 EASYJET shares soared 3.5 per cent yesterday after it raised its profit forecasts thanks to a jump in post-Olympic traffic. The budget carrier’s chief executive Carolyn McCall said demand from London “increased towards the upper end of expectations” after the Games, helping to lift its pre-tax profits to between £310m and £320m for the year [...]
EasyJet, Ryanair and IAG are helped by post-Games boost October 3, 2012 EASYJET shares soared 3.5 per cent yesterday after it raised its profit forecasts thanks to a jump in post-Olympic traffic. The budget carrier’s chief executive Carolyn McCall said demand from London “increased towards the upper end of expectations” after the Games, helping to lift its pre-tax profits to between £310m and £320m for the year [...]
Ryanair confident on Aer Lingus bid September 4, 2012 Ryanair is confident it can allay competition concerns about its latest bid for rival Aer Lingus, its chief executive said today, adding the budget airline was also seeking no more than a 25 per cent stake in Stansted Airport. Ryanair launched its third offer in five years for Irish rival Aer Lingus in June, a [...]
EU widens Ryanair probe for Aer Lingus August 29, 2012 Europe’s competition regulator has launched an in-depth review of Ryanair’s latest bid for Irish rival Aer Lingus, signalling the budget airline may have to make big concessions to ease competition concerns or face fresh failure. Ryanair, which already owns 30 per cent of Aer Lingus, had an initial bid turned down by the European Commission [...]