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20/08/2001
Turbulent times ahead for Aer Lingus
There is fresh turbulence ahead for Irish national airline Aer Lingus with a new survival plan reportedly recommending a 15 per cent cut in flights and a ban on buying new aircraft.
The plan has apparently been drawn up to offset a predicted £20 million pound loss this year. The troubled airline’s valuation is believed to have declined by £200 million to about £300 million since the start of the year.
Meanwhile the death of Aer Lingus chairman Bernie Cahill who died suddenly on Friday August 17 is widely expected to prompt a swift move from the Irish government to appoint a new successor. It is thought that senior figures are keen to avoid the emergence of a vacuum at the highest levels in the Irish State airline.
Aer Lingus has no deputy chairman and Mr Cahill’s death means that the two most senior positions in the airline are now vacant.
The troubled airline has also to find a replacement for chief executive Michael Foley who was sacked in June. Mr Foley lost his position after a board subcommittee upheld two complaints of sexual harassment against him. Mr Foley denied the allegations.
Although the Minister for Public Enterprise Ms O’Rourke has responsibility for Aer Lingus it is expected that the Taoiseach Bertie Ahern will consult with the Tánaiste Mary Harney and the Minister for Finance Mr McCreevy before the chairman appointment is made. (AMcE)
The plan has apparently been drawn up to offset a predicted £20 million pound loss this year. The troubled airline’s valuation is believed to have declined by £200 million to about £300 million since the start of the year.
Meanwhile the death of Aer Lingus chairman Bernie Cahill who died suddenly on Friday August 17 is widely expected to prompt a swift move from the Irish government to appoint a new successor. It is thought that senior figures are keen to avoid the emergence of a vacuum at the highest levels in the Irish State airline.
Aer Lingus has no deputy chairman and Mr Cahill’s death means that the two most senior positions in the airline are now vacant.
The troubled airline has also to find a replacement for chief executive Michael Foley who was sacked in June. Mr Foley lost his position after a board subcommittee upheld two complaints of sexual harassment against him. Mr Foley denied the allegations.
Although the Minister for Public Enterprise Ms O’Rourke has responsibility for Aer Lingus it is expected that the Taoiseach Bertie Ahern will consult with the Tánaiste Mary Harney and the Minister for Finance Mr McCreevy before the chairman appointment is made. (AMcE)
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31 August 2010
Examiner Appointed To Aer Arann
The High Court has appointed an Examiner for troubled airline, Aer Arann. Aer Arann said it intends to operate normally during the period of examinership and intends to fly all Aer Arann services and all Aer Lingus Regional services operated under the airline’s franchise agreement with Aer Lingus.
Examiner Appointed To Aer Arann
The High Court has appointed an Examiner for troubled airline, Aer Arann. Aer Arann said it intends to operate normally during the period of examinership and intends to fly all Aer Arann services and all Aer Lingus Regional services operated under the airline’s franchise agreement with Aer Lingus.
29 November 2001
Irish airport sector hit by further redundancies
It is thought that over 200 jobs are under threat at Dublin Airport following reports that Servisair has issued protective redundancy notices to workers at the site.
Irish airport sector hit by further redundancies
It is thought that over 200 jobs are under threat at Dublin Airport following reports that Servisair has issued protective redundancy notices to workers at the site.
16 October 2001
Irish government lobby EU to permit airline aid
The Irish government has stepped up its pressure on the European Commission to allow it to aid troubled airline Aer Lingus. Public Enterprise Minister Mary O`Rourke has been fighting for the right to provide financial assistance for the national carrier at a meeting of the European Union Transport Council in Luxembourg.
Irish government lobby EU to permit airline aid
The Irish government has stepped up its pressure on the European Commission to allow it to aid troubled airline Aer Lingus. Public Enterprise Minister Mary O`Rourke has been fighting for the right to provide financial assistance for the national carrier at a meeting of the European Union Transport Council in Luxembourg.
09 October 2001
Aer Lingus board meets to discuss rescue plan
The board of Aer Lingus was to meet on Tuesday to discuss the options for a rescue package for the beleaguered Irish airline. It is understood that high on the agenda for the October 9 meeting was the axing of hundreds of jobs, but there were hopes that the Irish government may be prepared to step in with an aid package.
Aer Lingus board meets to discuss rescue plan
The board of Aer Lingus was to meet on Tuesday to discuss the options for a rescue package for the beleaguered Irish airline. It is understood that high on the agenda for the October 9 meeting was the axing of hundreds of jobs, but there were hopes that the Irish government may be prepared to step in with an aid package.
08 October 2009
Aer Lingus Staff Await Jobs Briefing
Irish airline, Aer Lingus has told staff in Cork and Shannon they will be briefed later today on the "restructuring" plan that is expected to see almost 700 jobs cut. The part state owned airline yesterday revealed plans to cut 676 jobs through voluntary redundancies by the end of 2011 due to their ongoing operating loss.
Aer Lingus Staff Await Jobs Briefing
Irish airline, Aer Lingus has told staff in Cork and Shannon they will be briefed later today on the "restructuring" plan that is expected to see almost 700 jobs cut. The part state owned airline yesterday revealed plans to cut 676 jobs through voluntary redundancies by the end of 2011 due to their ongoing operating loss.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
