CLICK HERE TO VIEW AND ALSO PRINT OUT AS IF YOU WERE IN AN ASPIRE LOUNGE

5 JANUARY 2015

YOUR WORDS


Readers are invited to add their comments to any story. Click on the article to see and add.

BTN DISTRIBUTION

BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.

Index

Email this Page
Bookmark

The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
+44 (0)20 8952 8383
info@btnews.co.uk
© 2021 Business Travel News Ltd.

Article from BTNews 5 JANUARY 2015

Aer Lingus takeover?

Willie Walsh, the IAG boss, sprang a surprise just before the holidays by announcing a bid for Aer Lingus (EI), an airline he had once headed.  It was rejected.  No surprise.  A takeover battle is expected imminently.

Where this leaves the Aer Lingus Regional franchise (Stobart Air), said to contribute to 25% of the North Atlantic traffic, remains to be seen.

At present the Irish airline is 29.82% owned by Ryanair, 25.11% Irish Government with the 45% balance held by a variety of investors including the airline’s trade unions, institutional shareholders, and Etihad (4%).  Ryanair is being forced to sell its shareholding but this has been challenged and awaits a decision by the UK Court of Appeal.

Aer Lingus is the third largest airline at Heathrow in terms of movements (24 slots).  The London services are clearly an important part of the profitability of the airline and a future holding for IAG/BA which would probably not be the subject of interest by the Competition Commission, the access still less than continental airlines at their main hub airports. 

The EI fleet of Airbus aircraft is compatible with IAG’s and just like BA it has the Airbus A350 on order.  Christoph Mueller, former Chief Executive, officially joined Malaysia Airlines 1 January 2015.  No successor has been announced.   www.aerlingus.com

Index/Home page
 

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum


No one has commented yet, why don't you start the ball rolling?


Add your comment

First Name
Surname
Email Address
Company (Not obligatory)
Country/City
Comment
- You must be a registered subscriber using the email address entered to submit a comment, or you will be sent a confirmation email before your comment will appear.
- Your comment will be checked before appearing, which may take several working hours.
www.btnews.co.uk