Posts Tagged ‘Aer Lingus’


[Times of India] ABU DHABI: Etihad Airways, the fast-growing carrier of Abu Dhabi, posted a 200 percent rise in net profit in 2012 and a 17 percent increase in revenues, the airlines said in a statement Monday.

Etihad posted a net income of $42 million last year compared to $14 million in 2011

Etihad posted a net income of $42 million last year compared to $14 million in 2011. Photo: Wikipedia

Etihad posted a net income of $42 million last year compared to $14 million in 2011 when it made its first ever profit, said the statement which attributed the rise to strong improvements in revenues, passengers and cost control.

The flag carrier of the Emirates capital Abu Dhabi said revenues increased 17 percent to $4.8 billion in 2012 compared to $4.1 billion the previous year.

The number of passengers grew a healthy 23 percent to 10.3 million compared to 8.4 million in 2011, significantly boosted by Etihad’s partnerships which delivered more than $600 million in total revenue.

“This has been a game-changing year for Etihad Airways,” James Hogan, the airline’s president and chief executive officer said.

“We have delivered improved net profit, the second consecutive year we have been in the black, a remarkable achievement given the youth, ambitious growth and ongoing investment made by this airline in a challenging global economic environment,” he said in the statement.

Etihad said it succeeded in building the first “equity alliance” with investments of 40 percent in Air Seychelles, 29.2 percent in airberlin, 9.0 percent in Virgin Australia and about 3.0 percent inAer Lingus.

“We have taken great strides in building the industry’s first equity alliance … which (is) contributing significant value to our business,” Hogan said.

Earnings before interest and tax (EBIT) rose 24 percent to $170 million, while EBITDAR (earnings before interest, tax, depreciation, amortisation and rentals) rose to $753 million, up 16 percent, Etihad said.

Hogan said more than 50 institutions have provided around $6.8 billion in cumulative fundingfor the airline’s ongoing expansion.

Planned fleet upgrades for 2013 include 14 aircraft, with 11 passenger aircraft deliveries and three freighter deliveries, Etihad said.

The orders are for nine wide-bodied Boeing and Airbus aircraft and five narrow-body Airbus aircraft. These will meet Etihad Airways’ immediate growth requirements.

At the end of 2012, the company had 10,656 employees, 18 percent up on 2011 with more than 125 nationalities represented.

Read the original story at The Times of India…..

 


Times of India
Feb 4, 2013



[FT.com] British Airways stands to strengthen its grip on Heathrow by gaining the right to buy a large chunk of take-off and landing slots at the airport, as part of proposals Ryanair is offering European regulators to seek approval for its contentious takeover of Aer Lingus.

Ryanair is trying to secure regulatory approval for its third takeover bid for the Irish flag carrier.

Ryanair is trying to secure regulatory approval for its third takeover bid for the Irish flag carrier. Photo: Wikipedia

The UK flag carrier, the largest airline at Heathrow, has struck a deal with Ryanair to purchase more than 85 per cent of Aer Lingus’s slots at the airport, which are currently used to provide services to Dublin, Shannon and Cork, said three people familiar with the agreement between Ryanair and British Airways.

Heathrow is running at near full capacity, so the opportunity to buy Aer Lingus’s slots at the airport could provide British Airways with an important means to eventually expand its long-haul services

Last month, the European Commission objected to Ryanair’s bid on competition grounds. The commission prohibited Ryanair’s first bid for Aer Lingus in 2007, and Brussels has never cleared a merr that it previously rejected.

British Airways is offering to take responsibility for many of Aer Lingus’s services out of Heathrow for at least three years.

With British Airways operating these services, Ryanair is privately saying that a combined Ryanair-Aer Lingus would not be dominant on those routes, said people familiar with the Irish budget carrier’s stance.

However, British Airways would run these services in place of Aer Lingus for between three and five years – after that it would have the right to buy the Irish flag carrier’s Heathrow slots and reallocate them to different destinations, such as New York.

Aer Lingus is the third-largest airline at Heathrow, and British Airways would be able to purchase up to 20 pairs of slots for daily flights that are held by the Irish flag carrier at the airport…….

Read the full story at FT.com…..

 


Financial Times
By Andrew Parker in London and Alex Barker in Brussels
Dec 14th, 2012



Heathrow Airport today announced that the new Terminal 2 will be home to STAR Alliance and Aer Lingus flights as well as Virgin Atlantic’s domestic routes when it opens in 2014.

The decision on which airlines will operate from the terminal follows a nine-month consultation with airlines which was prompted by the sale of bmi to IAG, the owner of British Airways.

The decision on which airlines will operate from the terminal follows a nine-month consultation with airlines which was prompted by the sale of bmi to IAG, the owner of British Airways. Photo Courtesy BAA Media Centre

The new Terminal 2 will give Heathrow the best passenger facilities of any major hub in Europe. 75% of passengers at Heathrow already rate their experience as ‘Excellent’ or ‘Very Good’ following the opening of Terminal 5 and the refurbishment of Terminals 1, 3 and 4 (up from 41% in 2006). The airline moves announced today would enable the early closure of Terminal 1 which would allow all passengers to travel through new or refurbished terminals from 2016.

The new terminal marks the latest phase of an £11 billion transformation of Heathrow. 20 million passengers a year will eventually use the new terminal, which consists of a main terminal building plus satellite building and aircraft parking stands. The £2.5billion development is the largest privately-funded construction project in the UK and has been delivered at no cost to the taxpayer. 35,000 people will have worked on the terminal over the lifetime of the project.

The decision on which airlines will operate from the terminal follows a nine-month consultation with airlines which was prompted by the sale of bmi to IAG, the owner of British Airways.

Since the review began in March 2012, Heathrow has met with airlines and the Civil Aviation Authority on a regular basis to agree the terms of reference and evaluation process and to listen to feedback. All the relevant data has been shared with all parties to ensure a fair and transparent process. Heathrow is required to treat all airlines equitably, and 18 separate options for the new terminal were considered and assessed against agreed criteria. The process has led to the decision that the following airlines will operate from Terminal 2:

STAR Alliance. The STAR Alliance network is one of three global airline alliances, and the second largest alliance operating from Heathrow. Its airlines currently operate from Terminals 1, 3 and 4. Globally, STAR has the highest number of member airlines, daily flights, and destinations of any airline alliance. Its airline members operating from Heathrow include: Aegean Air, Air Canada, Air China, Air New Zealand, All Nippon Airways, Asiana Airlines, Austrian Airlines, Brussels Airlines, Croatia Airlines, EgyptAir, Ethiopian Airlines, EVA Air, LOT Polish Airlines, Lufthansa German Airlines, SAS Scandinavian Airlines, Singapore Airlines, South African Airways, Swiss International Airlines, TAP Air Portugal, Thai Airways International, Turkish Airlines, United Airlines, US Airways.

Aer Lingus. Aer Lingus is the national airline of Ireland and Heathrow’s fourth largest airline. Aer Lingus currently operates from Terminal 1.

Virgin Atlantic. Virgin Atlantic is the UK’s second largest long-haul airline with a fleet of 40 aircraft. From summer 2013, Virgin Atlantic will operate domestic routes from Heathrow to Manchester, Edinburgh and Aberdeen following the award of ‘remedy slots’ as a result of IAG’s acquisition of bmi. These flights will initially operate from Terminal 1 (where bmi was based) before moving to Terminal 2 in 2014. Virgin Atlantic’s international flights will continue to operate from Terminal 3. Heathrow will continue to work with Virgin Atlantic on how its services might be co-located in the future.

Heathrow is still in discussion with those airlines which currently operate from Terminal 1 and are not members of the Star Alliance (El Al, Icelandair, Cyprus Airways, Germanwings and Transaero), about their future location when Terminal 1 closes. We expect to conclude these discussions in early 2013.

John Holland-Kaye, Heathrow Development Director, said:

“Terminal 2 will offer a significant improvement for passengers travelling through Heathrow. Providing all airlines and their passengers with great facilities is a key part of our vision for Heathrow. Terminal 5 was recently voted by passengers as the best airport terminal in the world and the opening of Terminal 2 will mark another major step forward.”


BAA Press & Media Centre
11th Dec, 2012



[BBC News] The budget airline Ryanair has launched another attempt to buy its biggest Irish rival Aer Lingus.

Ryanair chief executive Michael O'Leary said: "This offer represents a significant opportunity to combine Aer Lingus with Ryanair.... Photo:  Wikipedia

Michael O’Leary said: “This offer represents a significant opportunity to combine Aer Lingus with Ryanair.   Photo: Wikipedia

Ryanair says it plans to make a cash offer for Aer Lingus, which would value it at 694m euros ($883m; £561m). Ryanair will make the offer through a subsidiary called Coinside.

Ryanair already owns 30% of Aer Lingus.

On Monday, Ryanair’s existing holding was referred to the UK’s Competition Commission for a probe that could lead to it being forced to sell the stake.

When Ryanair tried to buy Aer Lingus in 2006, its attempt was blocked by the European Commission.

It said the 1.30 euro offer was a premium of 38.3% above Tuesday’s Aer Lingus closing price.

Ryanair chief executive Michael O’Leary said: “This offer represents a significant opportunity to combine Aer Lingus with Ryanair, to form one strong Irish airline group capable of competing with Europe’s other major airline groups……

Read the full story at BBC News……

 


BBC News
19th June, 2012



[Irish Examiner] The Office of Fair Trading (OFT) in the UK has referred Ryanair‘s stake in Aer Lingus to the Competition Commission.

Ryanair had sought to stop the investigation

Ryanair had sought to stop the investigation: Irish Examiner

The Commission has the power to force the low-cost carrier to sell-down its almost 30% stake in the airline, if it has found to be anti-competitive.

The OFT began its investigation two years ago and has found that Ryanair’s stake may give it the ability to exercise material influence over commercial policy at Aer Lingus.

It said that Ryanair has the ability to weaken Aer Lingus as a competitor and that its shareholding may confine Aer Lingus investment options.

As a result, it has now moved the case to the Competition Commission.

Ryanair had sought to stop the investigation, but this was dismissed by the UK Court of Appeal last month.

Read the original story at The Irish Examiner…..


The Irish Examiner
17th June



[Washington Post] DUBLIN — Aer Lingus welcomed a court victory Tuesday that permits British authorities to keep investigating Ryanair over its ownership of a 30 percent stake in Aer Lingus, a sore point between Ireland’s two major carriers.

Ryanair said it would appeal Tuesday’s judgment to the UK Supreme Court. Photo: Wikipedia

Ryanair said it would appeal Tuesday’s judgment to the UK Supreme Court. Photo: Wikipedia

Ryanair sought to block the probe into whether its status as the No. 1 shareholder in Aer Lingus represents a threat to competition on British-Irish air services. Ryanair lawyers argued that Britain’s Office of Fair Trading had no jurisdiction to investigate two Dublin-based airlines, and that the probe launched in 2010 came too late.But the Court of Appeal in London sided with the Office of Fair Trading and Aer Lingus, which wants Ryanair to be forced to sell. Ryanair built its stake as part of a hostile 2006 takeover bid that was blocked both by European Union regulators and Ireland’s government, which retains a 25 percent stake.

Ryanair said it would appeal Tuesday’s judgment to the UK Supreme Court.

Ryanair chief executive Michael O’Leary says he expects eventually to purchase the government’s stake to take control of Aer Lingus because of Ireland’s rapid descent to the brink of bankruptcy, culminating in a……

Read the full story at The Washington Post….


By Associated Press
Tuesday, May 22



[Arabian-Business.com] Air France-KLM Group, which this weekend announced its operating loss had risen nearly 50 percent to US$785m, is in talks about a commercial pact with Abu Dhabi-based Etihad Airways, an executive at Europe’s biggest airline told Bloomberg News.

The group is highly focused on the negotiations under way. Photo: Wikipedia

The group is highly focused on the negotiations under way. Photo: Wikipedia

Talks about a commercial pact with Abu Dhabi-based Etihad Airways are continuing, Air France-KLM Group’s chief financial officer Philippe Calavia said in a conference call, Bloomberg reported.

However, Bloomberg said reaching a final agreement would be tough and there’s no prospect of a deal within weeks.

Etihad Airways, which recently bought stakes in Ireland’s Aer Lingus, Air Seychelles, Air Berlin, was not immediately available for comment.

Air France-KLM Group said its first- quarter loss widened as fuel costs and a drop in freight volumes wiped out benefits from gains in passenger traffic, increasing pressure to secure cost cuts from unions by a June deadline.

The operating loss widened to……

Read the full Bloomberg story at ArabianBusiness.com


By Shane McGinley
Sunday, 6 May 2012


 


[AFP Paris] Etihad Airways, the United Arab Emirates carrier said Tuesday it has acquired a 2.987 per cent stake in Irish airline Aer Lingus.

About 8.3 million passengers traveled on Etihad Airways last year: (Al Arabiya News)

About 8.3 million passengers traveled on Etihad Airways last year: (Al Arabiya News)

Etihad said the “purchase reflected its desire to forge a commercial partnership with the Irish national carrier,” adding that “a possible partnership could produce significant commercial benefits for both airlines.”

The airline did not give financial details of the deal nor say where it had acquired the shares from. The Irish government holds 25 percent of Aer Lingus but earlier this year said it wanted to sell its stake.

Low-cost pioneer Ryanair has a 29-percent stake in its Irish rival.

Aer Lingus said in a separate statement that Etihad had agreed not to increase its holding in the company without prior discussions between the two. Additionally, it said that the two airlines were discussing the possibility of code-sharing, talks which might be extended to include shared purchases so as to save costs.

Etihad operates 10 flights a week from Abu Dhabi to Dublin and has carried more than 750,000 passengers between the two capitals since it began flying the route in July, 2007.

It has boosted its profile in Ireland and recently renewed its sponsorship of the Gaelic Athletic Association, which promotes Irish traditional sports, in a five-year deal.

Etihad, which is owned by the Abu Dhabi government, carried 8.3 million passengers last year and serves 84 passenger and cargo destinations in the…..

Read the full story at Al Arabiya News


By AFP, Paris
1st May ,2012



Ryanair boss Michael O’Leary said he has been approached by companies interested in buying the State’s 25% share in Aer Lingus.

He said he believes Ryanair might end up purchasing the State’s holding.

The low-cost airline has a 29.8% stake in the national airline but was refused permission to take it over in 2007 because it would have given it a near monopoly on flights out of the country.

Ryanair might end up purchasing the State’s Aer Lingus holding

Ryanair might end up purchasing the State’s Aer Lingus holding

At least two airlines are known to be interested in buying into Aer Lingus — Ethiad from the Middle East and JetBlue from the US. The State hopes to net  around €118m from the sale which is part of an agreement with the troika on €3bn  worth of state assets.

Mr O’Leary said Ryanair is happy to work with  whoever buys the State’s share or they could talk to them about selling their  stake. “We have ruled out that we will not sell our stake with the Irish  Government’s, so whoever buys the stake will either have to work with us or buy  our stake if they want to get control of it.”
He said Ryanair had  been approached by about three different airlines and consortia interesting in  buying the Government’s stake…..

Read the full story from The Irish Examiner…..


By Ann Cahill, Europe Correspondent
Friday, March 30, 2012



AER LINGUS chief executive Christoph Mueller has given his clearest signal yet that the airline would be interested in purchasing Heathrow slots that might shake out from the proposed takeover of Lufthansa-owned British Midland International (BMI) by Willie Walsh-led International Airline Group (IAG).

Aer Lingus CEO Christoph Mueller give clearest signal yet he is interested in aquiring Bmi Heathrow slots

Aer Lingus CEO Christoph Mueller give clearest signal yet he is interested in aquiring Bmi Heathrow slots

“We are after slots in the wake of the proposed acquisition of BMI by IAG or BMI going into receivership,” Mueller told trade publication Air Transport World this week.

“London Heathrow has a huge catchment area and we want to pull more transfer traffic to our long haul [flights]. We have limited growth opportunities in Ireland but we can compensate the weakness of the Irish market by increasing our transfer [traffic]. Our transfer traffic is growing and long haul is doing very well,” he said.

The IAG-BMI deal is currently under review by the European Commission. IAG recently offered to increase the number of slot pairs that it would surrender as part of the deal to 14 from 10 previously in an effort to avoid a lengthy Phase II investigation.

Aer Lingus currently operates 24 daily take-off and landing slots at Heathrow, of which it owns 23.

Mueller also struck a positive note on 2012 profitability with…….

Read the rest of the story at The Irish Times here……

 


The Irish Times
Friday, March 30, 2012