daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > Infrastructure and Mobility Forums > Airports and Aviation

Airports and Aviation » Airports | Photos and Videos



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old November 3rd, 2006, 12:43 PM   #1341
babystan03
More excitment ahead!!!
 
babystan03's Avatar
 
Join Date: Jun 2003
Location: Singapore
Posts: 17,706
Likes (Received): 2

Business Times - 03 Nov 2006

S'pore welcomes first Jetstar flight

By VEN SREENIVASAN

(SINGAPORE) The Civil Aviation Authority of Singapore rolled out the welcome mat for Australia's Jetstar Airways flight arriving from Cairns via Darwin yesterday.

Some 168 passengers on board flight JQ57 were warmly welcomed by the High Commissioner of Australia to Singapore, Miles Kupa, and Civil Aviation Authority of Singapore's acting director-general of Civil Aviation, Ho Beng Huat.

On board the flight was David Hall, group general manager (Finance), Jetstar Group, who flew into Changi specially to celebrate the occasion.

Operated by Jetstar Asia for and on behalf of Jetstar under the Jetstar brand, it allows the Jetstar group of airlines to operate international services for the first time into Darwin and Cairns. Jetstar's Australian operations will take responsibility for marketing the services and utilise existing traffic rights. Qantas will codeshare on all flights.

The service comes just weeks ahead of its inaugural long-haul flights from Sydney and Melbourne to other Asian destinations like Bangkok, Phuket and Ho Chi Minh.

Speaking at yesterday's welcoming ceremony, Mr Ho welcomed the Jetstar service as another innovative product in the evolving air travel industry.

'Changi Airport already plays host to several low-cost carriers,' he said. 'But Jetstar Airways is a new product in between pure low-cost carriers and full service airlines. The airline's branding as a 'value based carrier' is an innovative offering which includes unique products like a two-class cabin, the availability of video-on-demand players on board the aircraft and even through check-in for passengers and transfer of baggage onto connecting flights.'

The launch of Jetstar Airways' new services to Singapore also comes at a time of strong growth in passenger traffic between Australia and Singapore. Over the past five years, passenger traffic on this sector registered a healthy growth of 11.6 per cent.

Jetstar Airways' Singapore-Darwin-Cairns operations increases the number of flights between Singapore and Darwin by 22 per cent and between Singapore and Cairns by 40 per cent.

Copyright © 2005 Singapore Press Holdings Ltd. All rights reserved.
__________________
More excitment ahead!!!
babystan03 no está en línea   Reply With Quote

Sponsored Links
Old November 10th, 2006, 05:11 AM   #1342
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,870
Likes (Received): 18149

Ryanair rapped by Irish regulator over Aer Lingus bid

DUBLIN, Nov 9, 2006 (AFP) - Ryanair, Europe's largest low-cost airline, was rapped by the Irish takeover panel on Thursday for breaching the regulator's rules in a statement made about its hostile bid for Aer Lingus.

Ryanair claimed on October 20 that its bid for Aer Lingus was worth an average of more than 60,000 euros to each member of the rival Irish airline's Employee Share Ownership Trust (ESOT).

ESOT, with a 4,665-strong membership of current and former staff, owns 12.6 percent of Aer Lingus shares.

"While some of the assumptions underpinning the figures in the statement are set out in the announcement, the panel decided that sufficient detail on the assumptions underpinning the figures in the statement was not disclosed," the panel said in a statement.

"Consequently, Aer Lingus shareholders were provided with insufficient detail to enable them to assess the significance of this statement. As such, the statement did not satisfy the standards of completeness required."

Ryanair launched its 2.80-euros-per-share bid on October 5, valuing Aer Lingus at 1.481 billion euros (1.883 billion dollars) just days after the company was partially floated on the London and Dublin stock exchanges.

The panel noted Thursday that, according to ESOT, and based on the offer price, the average proceeds before tax but after repayment of borrowing costs that would be realised would be 38,864 euros per employee and 13,915 euros per ex-employee.

The bid has been rejected by Aer Lingus management, trade unions, staff and the Irish government, which retained a key stake.

However, Ryanair has amassed a 19.2 percent of Aer Lingus stock -- and is targeting the 50.1 percent holding that will give it management control.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old November 11th, 2006, 07:06 PM   #1343
GlasgowMan
AirGlasgow.com
 
GlasgowMan's Avatar
 
Join Date: Jan 2006
Location: GLA, ALC, AYT, SSH, KGS, FAO
Posts: 2,644
Likes (Received): 88

Quote:
Originally Posted by Dubrovnik View Post
Today at 18,05, the luxurious Boeing 737 800 series aircraft capable of carrying up to 189 passengers , landed with 105 passengers on board from London-Stansted.
Cant help but laugh at that have they seen inside Ryanairs aircraft?
__________________
AirGlasgow.com | Fly direct from Glasgow to 120 worldwide destinations

As your Scottish airport to the world, you can fly direct from Glasgow to 120 worldwide destinations, more than any other Scottish Airport. As well as listing all flights and destinations on offer from Glasgow's Airports, you can also view all the latest news and see a full list of all new routes on offer from Glasgow. You can also view our tourist guide to Glasgow, Scotland's largest city.
GlasgowMan no está en línea   Reply With Quote
Old November 15th, 2006, 04:25 AM   #1344
torke
Registered User
 
torke's Avatar
 
Join Date: Jan 2006
Location: Paris
Posts: 485
Likes (Received): 17

Quote:
Originally Posted by hkskyline View Post
London-bound easyJet plane makes emergency landing in Lisbon

LISBON, Oct 25, 2006 (AFP) - An easyJet flight from southern Portugal to London with 169 passengers on board made an emergency landing Wednesday in Lisbon due to technical problems with the aircraft, an airport official said.

The Boeing 757-200 plane of the British no-frills airline, which departed from Faro, the capital of the Algarve, Portugal's main tourism centre, landed safely at Portela airport at 12:18 p.m. (1218 GMT), said a spokesman for airport management company ANA.

No further details were immediately available.
There is no 757 planes in easyJet!!!! Just B737 and A319 with 149 and 156 passengers of capacity, so this information should not be right. Could someone verify something about it?
torke no está en línea   Reply With Quote
Old November 15th, 2006, 05:45 PM   #1345
GlasgowMan
AirGlasgow.com
 
GlasgowMan's Avatar
 
Join Date: Jan 2006
Location: GLA, ALC, AYT, SSH, KGS, FAO
Posts: 2,644
Likes (Received): 88

Quote:
Originally Posted by torke View Post
There is no 757 planes in easyJet!!!! Just B737 and A319 with 149 and 156 passengers of capacity, so this information should not be right. Could someone verify something about it?
Easyjet have been chartering a few 757s for a umber of routes over the last month or so. Perhaps this was one of them?
__________________
AirGlasgow.com | Fly direct from Glasgow to 120 worldwide destinations

As your Scottish airport to the world, you can fly direct from Glasgow to 120 worldwide destinations, more than any other Scottish Airport. As well as listing all flights and destinations on offer from Glasgow's Airports, you can also view all the latest news and see a full list of all new routes on offer from Glasgow. You can also view our tourist guide to Glasgow, Scotland's largest city.
GlasgowMan no está en línea   Reply With Quote
Old November 23rd, 2006, 06:04 PM   #1346
Monkey
BANNED
 
Monkey's Avatar
 
Join Date: Oct 2002
Location: Londinium
Posts: 14,108
Likes (Received): 38

Quote:
Originally Posted by Monkey View Post
Rolling 12 month passenger totals to September 2006:
EasyJet = 32,953,287
Ryanair = 38,885,384

Percentage increase in passengers since September 2005:
EasyJet = 11.5%
Ryanair = 17%

Load factor (ie percentage bums on seats) in September 2006:
EasyJet = 84.8%
Ryanair = 86%
Rolling 12 month passenger totals to October 2006:
EasyJet = 33,153,711
Ryanair = 39,591,963

Percentage increase in passengers since October 2005:
EasyJet = 10.9%
Ryanair = 23%

Load factor (ie percentage bums on seats) in October 2006:
EasyJet = 83.2%
Ryanair = 83%
Monkey no está en línea   Reply With Quote
Old November 29th, 2006, 05:35 PM   #1347
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,870
Likes (Received): 18149

Ryanair Raises Stake in Rival Aer Lingus
By SHAWN POGATCHNIK
29 November 2006

DUBLIN, Ireland (AP) - Budget airline Ryanair Holdings PLC has raised its stake in Irish rival Aer Lingus Group PLC to 25.2 percent in a renewed push to take over the recently privatized carrier, Ryanair's broker confirmed Wednesday.

Davy Stockbrokers in Dublin said it purchased nearly 31.8 million Aer Lingus shares Tuesday for about 87.4 million euros ($115.1 million) on behalf of Ryanair, raising the carrier's stake from 19.2 percent to 25.2 percent, or nearly 133.4 million shares.

Trading in Aer Lingus, the former state-owned airline that debuted on the Irish and British exchanges Sept. 27, was exceptionally heavy in the last hour of business Tuesday, when its previously slumping share price surged 0.10 euro cents (13 cents) to 2.75 euros ($3.62).

Aer Lingus Chief Executive Dermot Mannion said he understood that Ryanair now owned more than 25 percent of his airline. He conceded this meant Ryanair's interest "isn't going away any time soon," but reiterated Aer Lingus' determination to remain independent.

The raised stake does not markedly improve the chances that Ryanair's bid, launched Oct. 5 at 2.80 euros ($3.69) a share, will reach the minimum 50 percent ownership threshold it requires to succeed. Investors opposed to a buyout control more than 46 percent of Aer Lingus shares.

The anti-Ryanair bloc includes the government, which retained 25.4 percent when it sold off most of its holding; a trust representing more than 4,600 current and former Aer Lingus employees that holds 12.6 percent; pension and investment funds controlled by Aer Lingus pilots that hold more than 4.5 percent; and Irish telecom tycoon Denis O'Brien, who bought a 2.1 stake specifically to complicate Ryanair's campaign.

However, raising its ownership of Aer Lingus above 25 percent will afford Ryanair increased rights to meddle in the key decision-making of its major Irish competitor. Ryanair could wield a blocking vote at extraordinary general meetings, when Aer Lingus chiefs could be seeking shareholder approval to buy airlines, expand route networks or make other strategic decisions to improve its head-to-head competition with Ryanair.

The increased Ryanair stake also makes it even tougher for any other potential suitor, such as British Airways PLC, to mount its own takeover bid for Aer Lingus. British Airways is run by Willie Walsh, who previously oversaw the drastic 2002-05 restructuring of Aer Lingus and tried to persuade the government to accept a management buyout of the Irish flag carrier. Aer Lingus and British Airways also have a code-sharing agreement.

Aer Lingus came close to bankruptcy in 2001 because of a bloated payroll and collapsing business on its key U.S. routes in the wake of the Sept. 11 terrorist attacks. Walsh slashed staffing in half, shifted business to lower-fare European destinations and adopted an Internet-based sales system similar to Ryanair's -- a formula that saw Aer Lingus become one of the few profitable state-owned airlines.

Ryanair Chief Executive Michael O'Leary says his company, if successful in acquiring Aer Lingus, would preserve the brand but make the airline much leaner. He says this could mean cutting another 1,000 of the 3,300 current workers -- a key reason why the government, labor unions and Aer Lingus employee shareholders are so hostile to the bid, which offers investors a 27 percent premium on the IPO price.

Shareholders have until Dec. 4 to accept or reject the bid. So far, Ryanair says only 0.12 percent of affected shareholders have returned forms accepting the offer, which becomes valid only if Ryanair can secure a minimum 50 percent. If it fails, Ryanair has until Dec. 8 to decide whether to relaunch a sweetened bid.

Aer Lingus is expected to publish its final arguments against a Ryanair takeover on Friday -- a plan expected to detail its less drastic plans to cut costs and boost efficiencies. European Union competition chiefs are expected to publish their initial findings on the matter next week, although officials in both airlines do not expect the EU to offer any clear-cut views because the current Ryanair bid appears unlikely to succeed.

Shares in Aer Lingus lost their initial gains Wednesday and were flat at 2.75 euros ($3.62) on the Irish Stock Exchange. Ryanair rose 21 euro cents (28 U.S. cents), or 2.2 percent, to 9.65 euros ($12.71).
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old December 6th, 2006, 04:13 AM   #1348
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,870
Likes (Received): 18149

Ryanair error nearly led to airplace crash: report

LONDON, Dec 4, 2006 (AFP) - An error by Irish budget airline Ryanair was the root cause for one of its aircraft only "marginally" avoiding a crash, according to the official report on the incident, The Times said in an early edition of its Tuesday newspaper.

The aircraft, a Boeing 737 carrying 144 passengers and crew, was flying from London's Gatwick airport to Knock, in the west of Ireland on March 23.

According to the report, it emerged from a low cloud just 400 feet (122 metres) above the ground, triggering an alarm and forcing the captain to ascend immediately.

Problems arose because several navigational aids at Knock had been switched off while the airport was being upgraded, but despite being informed of the changes six weeks earlier, Ryanair did not pass this information along to its pilots.

Because of that, the pilots programmed the wrong landing approach into the aircraft computer, and had to alter the approach after an air traffic controller pointed out the incorrect input.

The pilots of the aircraft became "so engrossed" in updating the programme that they did not realise that they were descending quickly and were dangerously close to the ground.

Though investigators concluded that the pilots failed to respond quickly enough to the changing circumstances, they said in their report that the root cause of the problem lay with Ryanair's failure to give its pilots the correct information.

The airline was also criticised for only reporting the incident two weeks after it happened, by which point some of the evidence on devices in the cockpit had been over-written.

According to The Times, Ryanair has accepted the safety recommendations made by the investigators.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old December 6th, 2006, 04:16 AM   #1349
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,870
Likes (Received): 18149

Easyjet aims to increase profit per seat -paper

ZURICH, Dec 5 (Reuters) - British low-cost airline easyJet wants to increase profit per seat to 5 pounds ($9.88) from 3.30 pounds, the group's head said in an interview with Swiss newspaper Finanz und Wirtschaft to be published on Wednesday.

"We want in any case to grow profitably. Our goal is to raise our profit margin slightly... We want to improve the 3.30 profit per seat reached in the last financial year to 5 pounds," Chief Executive Officer Andrew Harrison told the newspaper.

EasyJet said in May it wanted to double its profit per seat by cutting costs and increasing the number of business travellers using the airline.

The airline said last month it would expand its fleet with more Airbus planes, as strong demand offsets high fuel costs.

Harrison reiterated the airline hoped to expand capacity by 15 percent this year.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old December 13th, 2006, 05:17 PM   #1350
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,870
Likes (Received): 18149

Ryanair says it opened six new routes across Europe
13 December 2006

LONDON (AP) - Ryanair Holdings PLC, Europe's largest discount airline, said Wednesday it opened six new routes across Europe from its bases in Barcelona, Bremen, Milan, Pisa, Rome and London's Stansted airport.

The company also it increased the number of flights from its bases at Cork and Shannon in Ireland.

Shares in Ryanair, which operates 438 low-fare routes across Europe, gained 1.4 percent to euro9.63 (US$12.76) in Dublin.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old December 15th, 2006, 04:00 AM   #1351
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,870
Likes (Received): 18149

Tax raid on easyJet's Paris headquarters

PARIS, Dec 14, 2006 (AFP) - French tax and labour inspectors on Thursday carried out a surprise raid at the Paris offices of British no-frills airline easyJet to check for possible breaches of French labour law, officials said.

The operation "was aimed at establishing the judicial status of easyJet's operating base in Orly," the site of Paris's second international airport, "in relation to French labour laws," a transport inspection official said.

Under a government decree adopted in November, low-cost airlines with bases in France have to comply with French labour laws.

Two companies are currently concerned by the ruling -- easyJet and the Irish carrier Ryanair.

Contacted by AFP, an easyJet spokesman said the company "abides by European employment law".

"EasyJet flight personnel are under British contracts, because the company is British, registered in Britain, and their place of work is the aircraft."

"All the suppliers working on the ground at Orly are subcontractors" who fall under French labour law, he said.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old December 15th, 2006, 04:00 AM   #1352
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,870
Likes (Received): 18149

Ryanair stock rises as shareholders endorse long-shot bid to buy rival Aer Lingus
14 December 2006

DUBLIN, Ireland (AP) - Shares in leading European budget airline Ryanair rose Thursday after CEO Michael O'Leary told shareholders that it remained the only logical buyer for rival Irish carrier Aer Lingus.

Ryanair shares rose euro0.35 (US$0.46), or 3.6 percent, to euro9.95 (US$13.09) after O'Leary told an extraordinary general meeting of shareholders that Ryanair was aiming to double its passenger load and profits by 2012 -- and was still determined to acquire the formerly state-controlled Aer Lingus as part of its strategy.

"Let's face it, nobody else is interested in acquiring Aer Lingus," O'Leary told the meeting at a hotel near Dublin airport, the headquarters for both Ryanair and Aer Lingus.

Ryanair said more than 99 percent of its shareholders attending the meeting voted in favor of the takeover bid, which Ryanair launched Oct. 5 barely a week after the Irish government launched an IPO comprising most of its stake in Aer Lingus.

O'Leary also boosted Ryanair shares by pledging that his airline, which normally does not pay dividends to shareholders, would make an exceptional payout by the end of 2007, possibly in the form of a share buyback.

O'Leary said Ryanair also had signed delivery contracts to hedge 18 percent of its aviation fuel costs for the January-March quarter. He did not disclose the price agreed.

Analysts and Ryanair chiefs themselves agree that the Aer Lingus takeover bid appears unlikely to succeed because more than 46 percent of Aer Lingus shareholders -- led by the government and investment funds representing Aer Lingus employees -- are openly opposed to it.

But Ryanair last week extended to Dec. 22 its deadline for shareholders to accept its offer of euro2.80 (US$3.68) a share. The offer is dependent on Ryanair, which currently holds 25.2 percent of Aer Lingus, acquiring at least 50 percent. O'Leary said the prospect of a Ryanair takeover in the short term was "unlikely but not impossible."

Shares in Aer Lingus rose 1 cent Thursday to euro2.75 (US$3.62) on the Irish Stock Exchange.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old December 15th, 2006, 10:14 AM   #1353
Monkey
BANNED
 
Monkey's Avatar
 
Join Date: Oct 2002
Location: Londinium
Posts: 14,108
Likes (Received): 38

Quote:
Originally Posted by Monkey View Post
Rolling 12 month passenger totals to October 2006:
EasyJet = 33,153,711
Ryanair = 39,591,963

Percentage increase in passengers since October 2005:
EasyJet = 10.9%
Ryanair = 23%

Load factor (ie percentage bums on seats) in October 2006:
EasyJet = 83.2%
Ryanair = 83%
Rolling 12 month passenger totals to November 2006:
EasyJet = 33,409,959
Ryanair = 40,004,691

Percentage increase in passengers since November 2005:
EasyJet = 11.2%
Ryanair = 15%

Load factor (ie percentage bums on seats) in November 2006:
EasyJet = 84.5%
Ryanair = 83%
Monkey no está en línea   Reply With Quote
Old December 15th, 2006, 11:29 AM   #1354
cheersmate
Registered User
 
Join Date: May 2006
Location: london
Posts: 125
Likes (Received): 0

Quote:
Originally Posted by hkskyline View Post
Ryanair postpones flights from Europe to Morocco

RABAT, Oct 21, 2006 (AFP) - Ryanair, Europe's largest no-frills carrier, said Saturday it had been obliged to postpone the introduction of new flights between European and Moroccan destinations because of EU regulation delays.

It said that flights from Marseille and Frankfurt to Fes, Marrakesh and Oujda would not now start until December 1, though services from Luton, near London, to Fes and Marrakesh, would begin as planned next month.

Ryanair blamed the decision of the European Union to put off until November 17 the signing of an agreement to create a common European airspace which will include Morocco.

It said passengers who had booked seats for before December 1 would be entitled to a ticket exchange or refund.

The company said the flights from Britain came under a separate accord by London and Rabat.
luton to marrakesh??!!!
i was told that the airport is still far-off from marrakesh..
ryan-air uses smaller airports,does this mean nearer to marrakesh?
just hoping..
cheersmate no está en línea   Reply With Quote
Old December 15th, 2006, 11:32 AM   #1355
cheersmate
Registered User
 
Join Date: May 2006
Location: london
Posts: 125
Likes (Received): 0

Quote:
Originally Posted by GlasgowMan View Post
Cant help but laugh at that have they seen inside Ryanairs aircraft?
certainly its not luxurious..but the price makes-up for it..
cheersmate no está en línea   Reply With Quote
Old December 20th, 2006, 11:58 AM   #1356
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,870
Likes (Received): 18149

EU likely to probe Ryanair bid for Aer Lingus: sources

BRUSSELS, Dec 18, 2006 (AFP) - The European Commission is likely to launch a competition probe this week into the hostile takeover bid of part-privatised Irish airline Aer Lingus by its low-cost compatriot Ryanair, sources close to the matter said Monday.

The sources said it was "very likely" that the commission would on Wednesday launch an inquiry because Ryanair's proposed solutions to competition issues were insufficient.

Ryanair launched a 2.80-euros-per-share bid on October 5, valuing Aer Lingus at 1.481 billion euros (1.883 billion dollars) days after Aer Lingus was partially floated on the London and Dublin stock exchanges.

Ryanair, Europe's biggest low-cost carrier, is targeting the 50.1 percent holding that will give it management control.

The takeover bid is opposed by the Irish government, which has retained a key stake in the airline, a staff trust, the Aer Lingus management and trade unions.

But despite the widespread opposition to the deal, Ryanair has amassed more than a fifth of of Aer Lingus stock.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old December 21st, 2006, 05:28 AM   #1357
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,870
Likes (Received): 18149

Ryanair Withdraws Bid to Buy Aer Lingus
20 December 2006

DUBLIN (AP) - Ryanair Holdings PLC said Thursday it is immediately withdrawing its offer to buy Aer Lingus after EU regulators launched a probe into its hostile bid for the Irish carrier.

The no-frills carrier said its 1.48 billion euros ($1.9 billion) offer was now void. It said it would only make another offer if the European Commission approved the proposed takeover.

Ryanair Chief Executive Michael O' Leary accused European Commission competition officials of bias against his airline. He noted that the same authority approved a deal between Air France SA and Dutch carrier KLM.

In that transaction, the parties offered to surrender 120 landing slots, O'Leary said. Ryanair offered as part of its bid to surrender more than 500 slots -- including slots currently belonging to Aer Lingus Group PLC, he said.

"The commission appears to apply different and totally inconsistent principles to the Ryanair-Aer Lingus deal than it applied to the much larger Air France-KLM deal, which was waved through with little difficulty," O' Leary said.

Ryanair insisted that under European Union competition rules, it could no longer continue with its bid. However, the EU executive regularly launches four-month investigations into deals where it sees possible problems and a decision to do so does not require the bidding company to withdraw its bid during the investigation.

The European Commission said earlier Thursday that it saw "serious competition concerns" with the proposed deal to combine Ireland's two major airlines, saying it could reduce customer choice and lead to higher fares.

Ryanair and Aer Lingus have no other rivals on most routes out of Dublin and it was likely that the EU would have asked for more concessions before it could approve the combination. Regulators said solutions put forward by Ryanair in recent weeks did not go far enough to clear doubts about the deal.

Ryanair had put forward two plans to calm regulators' fears, but the commission said the first was "not sufficient" to remove its serious doubts while the second was handed in too close to the deadline to be properly assessed.

O'Leary stressed Ryanair would publish a new bid as soon as regulators permitted it.

"Ryanair remains committed to acquiring Aer Lingus," he said.

O'Leary declined to say whether Ryanair would increase its offer from the current bid price of 2.80 euros ($3.70).

Ryanair's bid already looked troubled, however. Aer Lingus and its largest shareholder, the Irish government, fiercely oppose the deal. Ryanair's offer has so far won over less than 1 percent of shareholders and it has so far failed to build its 25-percent stake into the controlling share it needs.

Ryanair has run into trouble with regulators before and was ordered to pay back millions of euros in subsidies it received from the Belgian regional government of Wallonia to help run flights out of Charleroi. However, Ryanair has also made similar complaints about unfair state subsidies given to Air France.

Ryanair stunned Ireland Oct. 5 when it launched its surprise bid, barely a week after the Irish government had floated most of its holding on the Irish and British stock exchanges at a share price of 2.20 euros ($2.85). At the time, Ryanair said it had bought 19.2 percent of Aer Lingus shares, but was legally restricted from buying more once the takeover plan sent Aer Lingus shares soaring above its bid price.

Analysts and investors almost universally viewed the current bid as doomed to fail. Analysts believe to be successful Ryanair will have to raise its bid above 2.80 euros ($3.70).

Growing rapidly from its Irish base, Ryanair has revolutionized travel in Europe, spearheading low-frills cheap flights that forced Aer Lingus to do the same.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old January 17th, 2007, 09:46 AM   #1358
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,870
Likes (Received): 18149

French court rejects easyJet appeal over labour contracts

PARIS, Jan 15, 2007 (AFP) - France's highest administrative court Monday rejected an appeal by British airline easyJet over a decree that requires its aircrews based at French airports to abide by French, not British, labour laws.

The Conseil d'Etat in Paris denied an emergency action by the low-cost airline to have the November decree suspended pending a verdict addressing the substance of the case.

There was "no serious doubt" about the legality of the decree and thus no need to order a stay or make a rapid decision on its substance, the judge ruled.

A final ruling was expected at an unspecified date in the next few months and will affect not only easyJet, which runs its French operations out of Orly airport south of Paris, but also Irish carrier Ryanair in the southern city of Marseille and Air France subsidiary Cityjet at Roissy-Charles de Gaulle airport.

EasyJet has argued that the decree contradicts the practice of putting an airline's employment obligations under the jurisdiction of the country of its headquarters rather than the country in which its staff operate.

It claims Orly airport is merely a "rest area" for its workers, with the planes their actual workplaces, and insisted on the international nature of its business.

The airline employs 130 people in France under British contracts.

Ryanair also began legal action on the same issue last month, and has complained to the European Commission over France's moves.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old January 17th, 2007, 01:15 PM   #1359
Monkey
BANNED
 
Monkey's Avatar
 
Join Date: Oct 2002
Location: Londinium
Posts: 14,108
Likes (Received): 38

Quote:
Originally Posted by Monkey View Post
Rolling 12 month passenger totals to November 2006:
EasyJet = 33,409,959
Ryanair = 40,004,691

Percentage increase in passengers since November 2005:
EasyJet = 11.2%
Ryanair = 15%

Load factor (ie percentage bums on seats) in November 2006:
EasyJet = 84.5%
Ryanair = 83%
Rolling 12 month passenger totals to December 2006:
EasyJet = 33,675,905
Ryanair = 40,532,095

Percentage increase in passengers since December 2005:
EasyJet = 11.2%
Ryanair = 19%

Load factor (ie percentage bums on seats) in December 2006:
EasyJet = 84.6%
Ryanair = 83%
Monkey no está en línea   Reply With Quote
Old January 17th, 2007, 09:23 PM   #1360
chijeff20
Registered User
 
Join Date: Aug 2006
Location: Chicago
Posts: 20
Likes (Received): 0

isn't ryan air looking to find a hub city? in poland? eithier wroclaw or krakow?
chijeff20 no está en línea   Reply With Quote


Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity


All times are GMT +2. The time now is 11:04 AM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2018, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

tech management by Sysprosium