Stansted baggage handlers set to strike over Easter weekend March 29, 2012 PASSENGERS using Stansted airport may face travel chaos over the Easter period after baggage handlers voted to press ahead with strike action next weekend. Around 150 employees of Swissport – who provide luggage services to airlines including Ryanair, Monarch and Thomas Cook – are set to strike for four hours on Good Friday, Easter Sunday and [...]
Ryanair keeps pressure on Aer Lingus for payout October 12, 2011 RYANAIR ramped up pressure on Aer Lingus yesterday, calling in an open letter for the airline to take “urgent action” to improve its share price. Undeterred by Aer Lingus’ plan for a shareholder meeting announced yesterday, Ryanair penned its third open letter in the space of a month to ask for a €0.20 per share [...]
Willie Walsh’s bonus cut after Iberia troubles April 4, 2012 WILLIE Walsh picked up a £1.155m pay package for last year but missed out on £1.35m of bonus payments after International Airlines Group (IAG) failed to hit some performance targets. The group chief executive received a base salary of £825,000 and a £302,000 bonus, according to the annual report of the owner of British Airways [...]
Willie Walsh’s bonus cut after Iberia troubles April 4, 2012 WILLIE Walsh picked up a £1.155m pay package for last year but missed out on £1.35m of bonus payments after International Airlines Group (IAG) failed to hit some performance targets. The group chief executive received a base salary of £825,000 and a £302,000 bonus, according to the annual report of the owner of British Airways [...]
The economics of the airline industry are sheer hell April 10, 2012 AVIATION has changed massively since the era of Pan Am, a byword for style and sophistication in its 1960s heyday. The once besuited passengers have been replaced by an understandably angry mob, fighting to fit their suitcases into fluorescent-coloured over-head cabins. It is out with the caviar and freshly cooked roast beef and in with [...]
Ryanair boss steps up attack on Aer Lingus September 29, 2011 MICHAEL O’Leary, the chief executive of low-cost airline Ryanair, yesterday stepped up his attacks on Ireland’s national carrier Aer Lingus. He called for the company to pay a special dividend to give them value for their investments. In an open letter to the airline’s management, Ryanair – which owns 30 per cent of Aer Lingus – ridiculed [...]
Ryanair hits out at Aer Lingus September 14, 2011 RYANAIR attacked the board of Irish airline Aer Lingus yesterday, demanding it ask shareholders their views on three issues in a bid to rebuild value at the company. Ryanair, currently one of the biggest shareholders in Aer Lingus, said investors should decide whether they receive an €0.20 per share special dividend to compensate for the [...]
BAA offloads Edinburgh for shock £800m April 23, 2012 THE dismantling of BAA’s British interests moved forward yesterday when it agreed to sell Edinburgh airport to City airport owner Global Infrastructure Partners (GIP) for a surprise £807m. GIP, an investment fund founded by Credit Suisse and General Electric, beat a consortium led by JP Morgan Asset Management’s infrastructure fund. The price dwarfs the £500m [...]
Aer Lingus hits back at Ryanair over criticism September 22, 2011 IRELAND’S Aer Lingus has written to its shareholder and rival Ryanair to reject the latter’s complaints that it is “continually ignored” by the Aer Lingus board. In a letter sent to Ryanair and released yesterday, Aer Lingus said Ryanair was a source of concern to other investors and welcomed its recent statement that it would [...]
Just two left in bidding war for BAA’s Edinburgh Airport April 1, 2012 THE field of bidders for Edinburgh Airport has narrowed to a straight fight between a group of investors led by JP Morgan and Global Infrastructure Partners (GIP). Their private equity rivals for the asset, 3i and Carlyle, are said to have pulled out of what is expected to be a £500m race for the Scottish [...]