Aer Lingus reiterates rejection of Ryanair bid August 24, 2012 Irish airline Aer Lingus today renewed a call to its shareholders to reject Ryanair’s latest takeover bid, saying its budget rival had failed to provide any new information on its offer. Ryanair has asked EU antitrust regulators to approve the €694m (£535m) takeover bid – its third – for the former state carrier in what [...]
Ryanair could dispose of Aer Lingus slots August 19, 2012 RYANAIR is said to have held talks about selling off Aer Lingus’ landing slots at Heathrow if its takeover bid is successful. The Irish carrier, whose latest €694m (£545m) bid for Aer Lingus was rejected last month, has spoken to Virgin Atlantic and other carriers about offloading the 23 take-off and landing slots, according to [...]
Ryanair loses Aer Lingus appeal August 8, 2012 RYANAIR failed to halt a competition probe into its minority stake in takeover target Aer Lingus. The Competition Appeal Tribunal yesterday threw out Ryanair’s case, allowing an investigation by the Competition Commission to continue. Ryanair tried to argue that the body did not have the power to investigate its 30 per cent stake. Aer Lingus [...]
Recession bites Ryanair profits July 30, 2012 Ryanair, Europe’s biggest budget airline, undershot analyst forecasts with a profit slide of 29 per cent in the three months to June as it grappled with a toxic mix of austerity, recession and stubbornly high fuel prices. The Dublin-based airline said the weak economic outlook for Europe would continue to restrain fare growth for the [...]
BAA’s airport sale lures Ryanair and Manchester August 20, 2012 MANCHESTER Airport Group (MAG), which owns Manchester, Bournemouth and East Midlands airports, is understood to be the front-runner to make a £1bn bid for Stansted Airport. Aviation firm BAA revealed yesterday that it is to sell Stansted Airport after it gave up on a long legal battle. BAA had been fighting a 2009 Competition Commission [...]
The Road to Cheltenham January 31, 2013 WWW.STARSPORTSBET.CO.UK 08000 521 321 THE Ryanair Chase is always one of the most competitive races of the entire Cheltenham Festival and this year’s renewal looks no different. The main problem is trying to work out who runs. Flemenstar would go off favourite if lining up, but a win in next weekend’s Irish Hennessy will surely [...]
Ryanair bid for Aer Lingus stalls as Europe opens antitrust probe August 29, 2012 THE EUROPEAN Commission has put the brakes on Ryanair’s latest takeover bid for Aer Lingus by opening an in-depth competition probe. The investigation means Ryanair’s €694m (£549.5m) offer for its Irish rival lapses, though the airline said it plans to make a new bid for Aer Lingus if it gets clearance from Brussels. The Commission, [...]
Aer Lingus snubs Ryanair July 18, 2012 IRISH flag carrier Aer Lingus yesterday urged shareholders to reject a takeover bid from Ryanair, its larger rival, saying the offer is “not credible”. Ryanair already owns 30 per cent of its rival and on Tuesday made an offer that values Aer Lingus at around €694m (£544m). Aer Lingus said any bid is likely to be blocked [...]
Aer Lingus bats away Ryanair as profits rise July 31, 2012 IRISH airline Aer Lingus, which is trying to resist a takeover bid by larger rival Ryanair, yesterday posted an 18 per cent boost in operating profits in the three months to June and said it would at least match last year’s profit performance. The former Irish flag-carrier said yields per passenger were up 5.3 per [...]
British Airways carries IAG stats February 5, 2013 International Airlines Group posted a slight rise in January traffic, as strong growth at British Airways again made up for weakness at Spain’s Iberia. Traffic, measured in revenue passenger kilometres, rose 0.7 per cent versus January 2012 on capacity one per cent lower. IAG said its first and business-class travel, the most profitable part of [...]