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Old September 25th, 2008, 08:56 AM   #1521
hkskyline
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Gosh .. surviving a transatlantic trip on no frills is going to be quite tough!
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Old September 25th, 2008, 10:22 AM   #1522
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Quote:
Originally Posted by GlasgowMan View Post
Ryanair plots transatlantic price war
Ryanair is preparing to trigger a transatlantic fares war as it seeks to cash in on the crisis engulfing the aviation industry.

Low cost flights could be run from London Stansted, Glasgow Prestwick and Birmingham to New York under the airline's plans.

They would be operated by a new company, which Ryanair would set up purely to take on the established airlines on the route.

Senior executives at Ryanair first floated the idea of entering the transatlantic market more than a year ago. But at the time it appeared to be little more than a pipe dream.

But soaring fuel prices over the past 12 months and more than two dozen airline failures have dramatically changed the landscape making it far easier for Ryanair to enter the market.

With the industry bracing itself for a number of airline mergers, Ryanair now believes it will be harder for the European Union to block its bid for Aer Lingus, the Irish national flag carrier.

"I think the whole European agenda has changed," said Howard Millar, Ryanair's deputy chief executive.

He added that should the bid be approved the new carrier would use some of the 15 long-haul planes Aer Lingus has on order for the new service.

In addition the Ryanair offshoot is ready to hold talks with leasing companies over the possibility of acquiring some new Boeing 787 dreamliners.

This has become possible because of the slump in the airline industry, which is expected to bring down the cost of leasing aircraft.

Even though it could take a few years before the new carrier begins operating, it is now clear that the strategy is at an advanced stage, with Ryanair talking about the type of fuel-efficient aircraft it would need.

Underpinning the company's plans is the belief that other weak carriers will go to the wall over the next few months.

"This industry is in a rapid period of change. Smaller carriers will not survive as Europe moves towards recession," Mr Millar said, adding that Ryanair planned fare cuts this winter to "help a few carriers on their way" to failure.

In the short term, Ryanair expects to offer passengers the chance to make mobile phones on some of its aircraft from next month.

The company also plans axeing some of its 15 French routes during the winter, but Mr Millar declined to say which services were at risk.
I wonder if they are trying to push too far on this. If they succeed they would be the first significant player to make a go of long-haul low-cost operations. They do have the advantage of access to reduced cost assets, especially if they are allowed to take over Aer Lingus or another old-school airline. However they would be dealing with a different kind of passenger, possibly ones that have moved down from premium operators but still expecting teh same level of service. They have a lot of research and planning to do before they should consider taking teh risk.
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Old October 15th, 2008, 05:59 PM   #1523
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European low-cost carrier Ryanair to end Expedia contract over alleged nonpayment
15 October 2008

NEW YORK (AP) - European low-cost carrier Ryanair said it plans to end its contract with online travel agency Expedia Inc. next month, saying Expedia has failed to make payments according to the pair's contract terms.

Ryanair said it had entered into a deal with Expedia unit Travelscape LLC in late March of last year, which gave Expedia exclusive rights to sell hotel accommodations on Ryanair.com.

But the carrier said late Tuesday that Expedia has failed to meet its payment obligations in recent months, and has failed to meet other contractual requirements.

Expedia disputed the claims, saying it has complied "in every respect" with the terms of its deal with Ryanair. In a statement, it countered that Ryanair has not held up its end of the deal.

Expedia added it doesn't believe Ryanair has the right to terminate its deal.

The online travel site said the contended issues are in front of the Commercial Court in London, where they have been pending since May. Expedia said the court has set a trial date for November 2009 if the dispute is not settled by then.

Expedia said it will continue to "vigorously assert its position in legal proceedings and pursue its claims against Ryanair."

Ryanair said it intends to end the contract on Nov. 8, but said it would continue the partnership if Bellevue, Wash.-based Expedia remedies the situation before that date.

Ryanair said if the contract ends, it expects to have another hotel provider partner on its Web site by the end of the year.
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Old October 15th, 2008, 09:01 PM   #1524
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Quote:
Originally Posted by Langur View Post
Rolling 12 month passenger totals to August 2008:
EasyJet = 42,900,136
Ryanair = 55,120,000

Percentage increase in passengers since August 2007:
EasyJet = 23.7%
Ryanair = 19%

Load factor (ie percentage bums on seats) in August 2008:
EasyJet = 91.3%
Ryanair = 90%


A combined total of 98 million pax pa now. Well on track....
Rolling 12 month passenger totals to September 2008:
EasyJet = 43,659,478
Ryanair = 56,000,000

Percentage increase in passengers since September 2007:
EasyJet = 22.1%
Ryanair = 20%

Load factor (ie percentage bums on seats) in September 2008:
EasyJet = 84.1%
Ryanair = 84%


They seem to have a combined total of about 100m now. Unfortunately Ryanair's quoted passenger figures have become slightly less precise than before. They now round to the nearest million. I'm not sure what Southwest's figures are right now (though for 2007 they were just shy of 102 million - the largest airline in the world by total pax) but the combination of Ryanair and EasyJet must be closing in on Southwest's total and could overtake that of the US lowcost giant in the coming months.
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Old October 17th, 2008, 04:32 AM   #1525
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Ryanair boss sets sights on no-frills transatlantic flights with new airline
O'Leary expects to pick up cheap jets as rivals go bust Service could be running within three years

8 October 2008
The Guardian

The Ryanair-backed airline would be a 'distinctly separate' entity, and chief executive Michael O'Leary ruled himself out of running it Photograph: David Pearson/Alamy

Passengers could be taking budget flights between the US and Europe on a Ryanair-backed airline in less than three years, the low-cost carrier's chief executive claimed yesterday.

Michael O'Leary said plans to launch a no-frills transatlantic service had been bolstered by an industry downturn that could slash the cost of long-haul aircraft as rivals go bust or orders are cancelled.

The carrier would operate from up to nine bases on each side of the Atlantic, with Stansted, Frankfurt-Hahn and Rome-Fiumicino among the candidates for European hubs. Islip airport on Long Island is mooted as a New York base.

O'Leary said the airline could be launched 18 months after acquiring a new fleet next year. "There may be an oppor tunity to pick up cheap long-haul aircraft next year, in which case we might launch a low-cost, long-haul programme in two-and-a-half years," O'Leary said.

He added Ryanair would be "distinctly separate" from the new carrier, which will attempt to make a better fist of the low-cost transatlantic market than Zoom, the Canadian-British carrier that fell into administration in August. O'Leary also ruled himself out of running the new business, but said he might join other Ryanair investors such as Prudential and private equity firm TPG in backing the venture.

"We want to bring people on board who have done well out of Ryanair," he said.

The airline would expect to operate a fleet of new aircraft because it would pick up orders from Boeing and Airbus that had been cancelled by bankrupt or financially struggling carriers, he added.

One banking source said: "Airlines are constantly moving around delivery positions at the moment. O'Leary could get a long-haul airplane within six months."

O'Leary squeezed significant discounts from Boeing in the last industry downturn, when he placed a significant order to expand his fleet.

However, analysts warned that he would struggle to elbow his way into the order book for the Airbus A380 and the Boeing 787 Dreamliner, the most advanced long-haul jets on the market, because delivery delays have created a significant backlog.

Nonetheless, O'Leary expects the industry downturn to reduce the cost of long-haul aircraft that retail at between $170m (pounds 97.1m) and $280m.

Andrew Lobbenberg, analyst at Royal Bank of Scotland, warned that cheap fares between Europe and the US were available on traditional carriers such as British Airways and Air France-KLM, part-subsidised by the steep ticket prices levied on business customers.

"Long-haul fares are often quite cheap in economy - in part because they are subsidised by people in the front [of the aircraft]. It's not going to get consumers anything like as excited as low-cost short-haul," said Lobbenberg.

O'Leary is also expected to offer a business-class cabin with flat beds at a lower cost than BA or Virgin Atlantic. The Ryanair boss added that he expected at least one British airline and two continental carriers to go bust within weeks as any benefit from falling fuel costs will come too late to save the least profitable businesses.

He said 400 staff at Ryanair's Stansted airport base would have to take one week of unpaid leave over the winter to conserve costs, while senior management would take a pay cut of at least 10% this year. Ryanair expects to break even in this financial year - wiping out last year's profits of euros 439m (pounds 341m) - if oil remains at $100 a barrel or less.

BA confirmed yesterday that 135 jobs were under threat in Glasgow. The airline is planning to scrap its cabin crew base in the city and has given staff the option of voluntary redundancy or relocation to Heathrow.

Its chief executive, Willie Walsh, and the Scottish first minister, Alex Salmond, discussed the plan yesterday, which follows the offer of voluntary redundancy terms to 1,400 BA managers last month. Those senior staff, who work in all parts of the business, were set a deadline of today to respond to the redundancy offer.

Michael O'Leary expects the slump to reduce the cost of jets but analysts said he would find it hard to get A380s or Boeing 787s
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Old October 22nd, 2008, 09:25 AM   #1526
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Ryanair's Italy base plan trades on Alitalia woes

ROME, Oct 21 (Reuters) - Irish low-cost airline Ryanair will open two new bases in Italy in March next year, it said on Tuesday, expanding further in its second-largest market and capitalising on the woes of bankrupt national airline Alitalia.

Europe's biggest low-cost carrier said it would open bases in the Sardinian cities of Alghero and Cagliari to ply eight domestic and 11 international routes. It also plans to increase daily flights on the lucrative Rome-Milan route to five.

That comes as a government-backed Italian investor group tries to relaunch Italy's flagship carrier Alitalia by merging its best assets with those of smaller rival Air One.

"Ryanair is continuing to grow in Italy even as Alitalia and Air One merge and offer fewer flights and higher fares," Ryanair CEO Michael O'Leary told a news conference.

He confirmed Ryanair -- which filed a complaint with the European Commission to block Alitalia's investor bailout -- had submitted its interest in any Rome or Milan slots that could be shed by Alitalia as part of its restructuring.

O'Leary, who has repeatedly criticised Alitalia for high fares and inefficient service, said he did not expect Alitalia's latest rescue to be successful without mass layoffs.

Ryanair will have a total of seven bases in Italy after the latest additions.

O'Leary said he expected Ryanair to carry more passengers than those carried by Alitalia domestically within two years.

Mocking the "I love Italy, I fly Alitalia" slogan coined by Italian Prime Minister Silvio Berlusconi while campaigning for national elections in April, Ryanair unveiled its own version of the phrase: "Love Italy, Fly Ryanair".
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Old October 24th, 2008, 07:32 PM   #1527
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Budget carrier Ryanair closes base in Valencia
24 October 2008

LONDON (AP) - Budget airline Ryanair Holdings PLC announced Friday it was closing its base in Valencia, southern Spain.

The closure will affect 70 weekly flights carrying about 750,000 passengers annually, the airline said. It expects about 750 jobs in the region to be affected.

Ryanair has had a base in Valencia for a little more than a year, flying from there to 10 destinations.

Flights on all the routes will be canceled as of Nov. 4, the airline said. Passengers on the canceled flights will be rerouted or get refunds, it added.

Ryanair said local tourism officials in Valencia weren't doing enough to promote the hub.

Valencia's regional government denied the claims and said it had attempted to negotiate with the airline over promoting the route.

"This company's ways of negotiating and acting are very peculiar," said regional government spokesman Vicente Rambla. "Here we found there was no negotiation but rather imposition."

Rambla said Ryanair had wanted Valencia tourism officials to invest in a joint project to promote the region -- a plan the city considered unnecessary.

He said that the regional government is in talks with Iberia-owned low-cost airline Clickair to cover some of the vacant routes.
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Old October 26th, 2008, 12:48 AM   #1528
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So they cancelled all of them? Ouch.

Welcome easyjet to Stockholm (Arlanda Airport, the main one). They had their first flight a few days ago (Milan), and soon they will start their second (Geneva). I hope they do well and continue to expand here!
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Old October 26th, 2008, 04:50 PM   #1529
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Oil price transforms Ryanair prospects
26 October 2008
The Sunday Independent

THE fall in the price of oil transforms the outlook for budget airline Ryanair. With crude oil prices nowunder $62 a barrel, the annual fuel bill of Michael O'Leary's company will fall by something like €650m in a full year.

It was all so different last July when Ryanair published its first-quarter results. Oil prices had hit a peak of $145 a barrel and things looked grim for the airline.

Chief executive Mr O'Leary did nothing to calm shareholders' nerves when he warned that if oil prices stayed at over $130 a barrel Ryanair could lose up to €60m and, at best, break even in the year to March 2009. This would have represented a massive €500m turn around on the €438m pre-tax profit recorded by Ryanair in the year to March 2008.

On Friday crude oil prices dropped under $62 a barrel. Even when the fall in the value of the euro against the dollar is taken into account that still represents a 45 per cent price fall in euro terms.

As every $1 movement in the oil price is worth about $11m to Ryanair at the curent exchange rate, the collapse in oil prices from their mid-July peak would boost Ryanair's bottom line by almost €650m if sustain- ed for a full year.

So why hasn't the share price responded? While Ryanair shares haven't experienced a bank-like wipeout they are still down by more than 60 per cent -- to just €2.34 on Friday -- over the past 18 months.

The problem for Ryanair is that while the fall in the oil price is extremely welcome it almost certainly heralds a nasty recession. If this proves to be the case there will be far fewer lads and lassies flying to stag parties in Bratislava or hen nights in Riga.

Even with lower demand for flights, lower oil prices are good news for Ryanair, making its shares one of the few "buys" on the Dublin market at the moment.
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Old October 27th, 2008, 11:05 AM   #1530
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HOW EASYJET BROUGHT A MOTHER-TO-BE DOWN TO EARTH WITH A BUMP
27 October 2008
Daily Mail

A WOMAN holidaying in Italy was marched off her flight home to Britain minutes before take-off - for being 31 weeks pregnant.

Katharina Bishop was left standing on the runway with her husband and sobbing six-year-old son as airport staff removed their luggage from the hold.

An easyJet stewardess checking passengers' seatbelts moments before takeoff told Mrs Bishop that she had to produce a note written by a doctor in the past five days confirming her fitness to fly or get off the flight.

Despite having been through check-in and security with no problem, the family had no choice but to leave.

Mrs Bishop, 31, who runs a graphic design business with her husband Charles, had flown to Rome from Bristol with the airline six days earlier with no questions asked.

Last night she vowed never to fly with easyJet again, adding: 'We had flown to Rome for a family holiday. I'm a frequent flyer and flew when I was pregnant with my son.

'I was healthy and it didn't cross my mind there would be a problem. I told my midwife I was flying to Italy and she just said, " Have a good holiday".

'We were just about to take off when a stewardess asked me for a doctor's certificate which couldn't be older than five days.

This meant that I would have had to see a gynaecologist in Italy, which isn't even possible as in Italy you have to be a registered patient with a clinic to receive gynaecological care, unless it is an emergency.

'Nevertheless, I was marched off the plane at the last minute. It was humiliating with everyinsteadone staring at us. My son Keiran was sobbing hysterically.'

After being left on the runway for 15 minutes with their bags, the family was told by a member of easyJet staff that they could see the airport doctor.

But he said he was not a qualified gynaecologist and Mrs Bishop, who does not speak Italian, was told she must find a 'fit to fly' certificate somewhere in Rome.

It took a further two hours to find a doctor at a hospital who would perform the examination.

Mrs Bishop, of Evershot, Dorset, said of the incident on September 5: 'I felt very uncomfortable and violated at being forced to have an intimate examination by an unknown doctor that was unable to communicate with me.

'The doctor finally gave me the handwritten "certificate" but made it clear - via the translator - that it was not legally valid as I was not a registered patient. Completely useless, in other words.'

The family had to stay in Rome for the night - spending an extra 300 euros on hotel, food and transport - before easyJet let them fly the next day. This time they were not even asked for the certificate.

Now almost due to give birth, Mrs Bishop said: 'What makes it ludicrous is that it appears to be totally random.'

An easyJet spokesman said: 'EasyJet would like to apologise for any inconvenience caused to Mrs Bishop.

'However, easyJet's terms and conditions, which all passengers agree to at the time of booking, state, "Between 28-35 (inclusive) weeks, a medical certificate confirming the number of weeks of pregnancy is required confirming that the passenger is fit to fly. This needs to be issued within the five days prior to departure".

'As a gesture of goodwill, easyJet changed the passenger's flights free of charge.'

[email protected]

TOO LATE TO FLY?

Katharina Bishop: She had to leave the plane

— Most airlines will not allow travel beyond 36 weeks for mothers-to-be and 32 weeks for those expecting multiple pregnancies. But there is no single rule. — Beyond 28 weeks, most airlines require a 'fit-to-fly' certificate. — Pregnant flyers have an increased risk of getting deep-vein thrombosis.

— Civil Aviation Authority guidelines say the key focus when considering if a pregnant woman should travel is the wellbeing of the mother and the baby. — But they warn: Delivery in flight, or diversion to a location which may not have high-quality obstetric services, is undesirable.'
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Old October 28th, 2008, 01:46 PM   #1531
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Haha, I sent an email with Stockholm route sugesions to easyJet now that they fly here and the reply I got was that sorry, easyJet does not fly to Stockholm. Hah, I had to reply to say 'uh, yes you do...'.
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Old October 28th, 2008, 03:48 PM   #1532
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Quote:
Originally Posted by Dan1113 View Post
Haha, I sent an email with Stockholm route sugesions to easyJet now that they fly here and the reply I got was that sorry, easyJet does not fly to Stockholm. Hah, I had to reply to say 'uh, yes you do...'.
I hope you suggested Stockholm to Glasgow ;-).
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Old October 28th, 2008, 07:11 PM   #1533
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Ryanair says unhedged for remainder of year-report

DUBLIN, Oct 28 (Reuters) - Ryanair , Europe's biggest low-cost airline, remains unhedged for its fuel needs for the remainder of the year, Chief Executive Michael O'Leary was quoted as saying on Tuesday.

Ryanair said in July it had hedged 90 percent of its September fuel needs at an oil price of $129 per barrel, 80 percent for its fiscal third quarter at $124 and remained unhedged for its fourth quarter, which starts in January 2009.

"Looking back it was stupid not to hedge on oil but we're not hedged for the remainder of the year and that's a good move," O'Leary told the Irish Examiner newspaper in an interview.

O'Leary, who has often acknowledged getting his hedging policy wrong, had said on Monday the carrier would post a full-year profit if the oil price remains at $70 per barrel and that profit could rise to 400-500 million euros next year.

Oil traded around $64 per barrel on Tuesday.

Ryanair is due to report first-half earnings on Monday.
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Old November 3rd, 2008, 06:00 PM   #1534
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Ryanair sees second half loss, rebound next year

DUBLIN, Nov 3 (Reuters) - Irish airline Ryanair posted a 31 percent fall in second-quarter profit on Monday but said it was still confident of breaking even in the full year and rebounding next year if oil prices stay low.

Europe's biggest low-cost airline said net profit for the three months to the end of September came in at 185.78 million euros ($237.3 billion), after deducting an exceptional loss of 7.8 million. That compared with an average of 190.2 million euros expected by four analysts surveyed by Reuters.

Scrapping recent warnings of a possible full-year loss after the price of oil fell by half since June, Ryanair affirmed its strategy of cutting fares aggressively and growing capacity to snatch business from struggling rivals across Europe.

"There is massive commercial opportunities out there with the weakness of our competitors," Deputy Chief Executive Michael Cawley told Reuters, pointing to Alitalia, Spain's Iberia, Scandinavian SAS and Austrian Airlines as some peers with weakness to exploit.

Ryanair plans to add 33 new aircraft in the next six to seven months, helping it to carry 67-68 million passengers next year, an increase of 8-10 million from this year and taking Ryanair to second place behind Air France-KLM, Cawley said.

"I think it's the right strategy, but it will take time to reap the dividends," said Goodbody analyst John Goode.

Ryanair expects to generate 15-20 percent lower fares and to make a loss in the second half of this fiscal year, including the seasonally weak winter period which is expected to add to the already long list of casualties among airlines.

"Our full year average fare could fall by almost 12 percent, although these lower fares will be largely offset by lower fuel costs (currently $73 per barrel in Q4)," Chief Executive Michael O'Leary said.

Earnings will rebound strongly next year if oil stays around $80 per barrel, O'Leary added.

The Dublin-based airline has taken a hedge for 25 percent of its fuel needs for the first half of the 2010 fiscal year at an average $77 per barrel, it said. Oil traded around $67 on Monday. In a separate statement, Ryanair said it had caried 5.35 million passengers in October, 18 percent more than a year ago, and its average flight was as full as in the same month last year.

Shares in Ryanair traded 3.3 percent higher by 1010 GMT at 2.838 euros, having earlier dipped to 2.63 euros.

"The traffic numbers were quite good," one Dublin-based trader said. "The headlines read not particularly positive, but the fact that they hedged in 25 percent for the first half of next year at good levels ... could be worse."
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Old November 11th, 2008, 05:15 PM   #1535
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Old November 11th, 2008, 07:45 PM   #1536
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sorry but Be = Belgium ...
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Old November 12th, 2008, 02:25 PM   #1537
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cute airline
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Old November 12th, 2008, 05:02 PM   #1538
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europe's largest? never heard of it before. no wonder...70% is UK domestic traffic.
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Old November 14th, 2008, 05:42 PM   #1539
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Ryanair Appeals Against Eight EU Decisions
14 November 2008
Edited Press Release

LONDON (Dow Jones)--Ryanair, the European international airline, said Friday that it has lodged appeals against eight separate E.U. decisions to block Ryanair access to documents in the Commission's ongoing State Aid investigations against tiny regional airports - Hamburg (Lubeck), Schonefeld, Tampere, Alghero, Pau, Aarhus, Bratislava and Frankfurt (Hahn).

Ryanair's Director of Legal and Regulatory Affairs, Jim Callaghan, said: "The Commission fails to provide any justified reason for refusing access to these documents and is simply afraid to grant access to evidence of the Commission's biased and flawed application of the E.U. State aid rules".

"Ryanair will continue to expose the Commission's biased and flawed application of the State aid rules in favour of failed national carriers", Callaghan said.
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Old November 16th, 2008, 05:47 AM   #1540
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Sir Stelios in EasyJet board battle
15 November 2008
Financial Times

Sir Stelios Haji-Ioannou, one of the most flamboyant entrepreneurs of the past decade, is seeking to wrest back influence over EasyJet amid a boardroom dispute at the low-cost airline. Sir Stelios has fallen out with the EasyJet board over the airline's strategic direction and is pushing the company, his most successful creation, to be much more cautious in the face of the growing crisis in the airline industry.

He is challenging the airline's strategy of ambitious growth supported by the acquisition of hundreds of cheap Airbus aircraft.

The company's shares fell by almost 5 per cent as investors worried about divisions at the top. To push his case, Sir Stelios has increased his stake in the airline in order to appoint two more directors to the board.

He has raised his holding from 15.6 to 26.9 per cent via the transfer of the legal interest in his sister's 11.3 per cent stake to EasyGroup Holdings, his Cayman Islands-registered company.

With more than 25 per cent, Sir Stelios has the right under EasyJet's articles of association to appoint the new directors, giving him control of a quarter of the board. He has also reminded EasyJet directors of his right to appoint himself chairman should they seek to block the move.

In a statement, EasyJet said that the board had already sought to adopt a "more cautious approach to fleet growth" given the downturn in the market and had taken steps to conserve cash, reduce growth plans and dispose of surplus aircraft.

It said Sir Stelios had indicated, however, that he wished the company "further to restrict future aircraft orders and to make future dividend payments in conjunction with a cessation or slowing of growth".

EasyJet, in common with Ryanair, its fast-growing Irish rival, has never paid dividends in the belief that the group was a growth stock that rewarded investors through capital appreciation from a rising share price.

Sir Stelios's surprise intervention indicates he might believe the era of such growth is over.

In an e-mailed statement, he said yesterday: "I am merely applying my rights under the articles of association of the company to protect my investment in EasyJet.

"I did not request a dividend now. I think the company should plan to pay one in 2011 if the markets allow."

Sir Stelios's 15.6 per cent stake is valued at £175m.
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