Ryanair To Get a Transatlantic Hold ?

Ryanair have bought into Aer Lingus. Story here.

[Neil]

Originally posted by pjh
Ryanair have bought into Aer Lingus. Story here.

Excellent, another airline to add to my "never fly them" list.

Hey, Aer Lingus share a terminal with VS at JFK. Could be entertaining.

I flew Aer Lingus once. Coming back from a school tour of Europe, we flew back from Shannon to JFK. Interesting flight...

They wouldn't let us listen to CD players or anything for the entire flight- cited that it was against regulation to operate any electronic device while on the aircraft.

One of my friends was sure he'd misunderstood them and turned on his CD player once we reached cruise. The FA came by and took it off him said he couldn't have it back until we landed at JFK.

Very odd IMO.

[Bazz]

I see they have acquired 16% of the stock but wish to acquire the airline.

[Neil]

Just read that Aer Lingus have rejected Ryanair's offer, full story here
Neil:)

Oh dear, I don't care if O'leary says it will provide Ireland with a string airline, there's no way I could survive transatlantic (or domestic;)) with Ryanair.

VS.

Ryanair wont take over EI. It's as simple as that. The gov have their 28% share of EI, the employees have another 10% so that would only leave FR with about 70% of the shares thus meaning they cant make a compleat takeover of EI. Plus it's likely the competition authority won't allow such a take over. If the take over does go thru though it would mean that the new EI/FR combination would have a wopping 80% of all Ireland-Uk flights

Originally posted by AerJohn
Ryanair wont take over EI. It's as simple as that. The gov have their 28% share of EI, the employees have another 10% so that would only leave FR with about 70% of the shares thus meaning they cant make a compleat takeover of EI. Plus it's likely the competition authority won't allow such a take over. If the take over does go thru though it would mean that the new EI/FR combination would have a wopping 80% of all Ireland-Uk flights

If they achieve a 70% holding of shares then they are the major shareholder and as companies exist to serve their shareholders...

[honey lamb]

My concern would be (and I have to believe that it won't happen for my own sanity) that in the event of a takeover Ryanair would sell the LHR slots leaving everyone outside of DUB who had a service to LHR without one. Given that most of the LHR flights are feeder flights to other carriers - VS included - it would be a major loss of service

[Bazz]

Last report I heard was that they had acquired a further 3% bringing their holding up to 19% and are still buying!

A couple of interesting articles here and here. Is O'Leary using his company's money to just make a point ?

Paul

A couple of interesting articles here and here . Is O'Leary using his company's money to just make a point ?

Knowing O'Leary, the decision will be based more on testosterone than sense;)

VS.

Originally posted by AerJohn
Ryanair wont take over EI. It's as simple as that. The gov have their 28% share of EI, the employees have another 10% so that would only leave FR with about 70% of the shares thus meaning they cant make a compleat takeover of EI. Plus it's likely the competition authority won't allow such a take over. If the take over does go thru though it would mean that the new EI/FR combination would have a wopping 80% of all Ireland-Uk flights

Completley agree- the media have seemed to have hyped it up once again- but the chances of FR getting full control of EI are very slim. In fact surely him gaining 70% wouldnt be allowed to happen due to competition/market domination rules (I say this thinking of when Morrinsons brought Safeway and had to give up some stores to Waitrose so that they wouldnt have too much of the market). I believe it is a european law?

Personally I think its a bit of a publicity stunt from the man myself.

[Decker]

Speaking as a director I'd probably be happy with 51%

Originally posted by Bazz
I see they have acquired 16% of the stock but wish to acquire the airline.

They have now acquired 25%. As the CEO of EI Mr Mannion says " They are not going away."

What else do you have to say Richard[:p]

Iain

[HighFlyer]

Originally posted by iforres1
What else do you have to say Richard[:p]

Ah, you all discovered his secret identity!

Thanks,
Sarah