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It will say it could return to profit next year, or break even, rather than lose €20m (£18.6m). The new figures are expected as part of the airline’s formal defence document against the €748m Ryanair bid. The revised forecast will surprise investors,...
Tags: Aer Lingus
Ryanair chief executive Michael O’Leary has called on the Aer Lingus chairman to clarify profit forecasts and other issues in the wake of Ryanair's latest takeover bid for the carrier. Ryanair, which owns 29.8 per cent of its rival, has made a €748 million...
Tags: Aer Lingus, Gatwick Airport, Ryanair
Aer Lingus is not actively seeking any airline to mount a counterbid against Ryanair's hostile offer, it said on Thursday, and was unaware of an investor mentioned by media as a potential bidder. Aer Lingus Chairman Colm Barrington was quoted in a newspaper...
Tags: Dáil Ryanair, Aer Lingus, Michael O'Leary, takeover bid, Mr O'Leary, lingus chairman, Heathrow, chairman colm, Colm Barrington, heathrow slots
Ryanair boss Michael O'Leary believes his second hostile tilt at Aer Lingus has a "strong prospect of success", even though the €748m bid still needs the backing of the Government in order to be pushed through. He also committed Ryanair yesterday to giving...
Tags: Aer Lingus
Ireland 's low-cost airline Ryanair said Monday that its takeover offer for Aer Lingus would run until January 5. Aer Lingus management snubbed the 748-million-euro (950-million-dollar) cash takeover bid from Ryanair earlier this month, saying it was...
Tags: Ryanair, Aer Lingus, takeover bid
The Joint Oireachtas Committee on Transport said they invited Mr O'Leary to make a presentation at Ryanair's request. Chairman Frank Fahy of Fianna Fail said they have also invited Aer Lingus to discuss the bid but have yet to receive a response. "The...
Tags: Aer Lingus, Michael O'Leary, Ryanair, Committee, Mr O'Leary
Government last week in relation to its fresh €748m bid for Aer Lingus, after the Takeover Panel yesterday ruled the low-cost carrier had breached its rules governing offers to shareholders. Ryanair had informed Minister for Transport Noel Dempsey that...
Tags: Aer Lingus, Ryanair, Dutch
Aer Lingus chairman Colm Barrington has accused Ryanair’s chief executive of misrepresenting the performance of the former semi-state airline. Mr Barrington said a number of points made by Micheal O’Leary in relation to Aer Lingus were incorrect. “He...
Tags: Aer Lingus, Ryanair, lingus chairman
Aer Lingus chiefs are meeting with Transport Minister Noel Dempsey today to discuss Ryanair 's takeover proposal. Earlier this month, Ryanair chief executive Michael O'Leary put forward an offer of almost 750m for the former national carrier. Aer Lingus...
Tags: Aer Lingus, Ryanair
Aer Lingus crew accept cost-cutting deal Tuesday, 9 December 2008 08:51 Aer Lingus has welcomed acceptance by workers of a compromise package aimed at saving the airline around €50m...Aer Lingus voted to accept the proposals that would see redundancies,...
Tags: Aer Lingus, cabin crew, lingus cabin