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18/05/2009
Aer Lingus Dismisses 'Bankrupt' Claim
A senior executive at the troubled former state airline, Aer Lingus, has dismissed claims by Ryanair Chief Executive Michael O'Leary that the former flag carrier would be bankrupt within 18 months.
The airline's Chairman, Colm Barrington, said that he expected Aer Lingus' operating loss to be bigger this year than it was in 2008, and that the company was working to improve profitability.
The news comes after the airline continued to insist that their contentious move to favour a Belfast to Heathrow route over Shannon-London - which provoked local outrage in the Republic - is still a successful project.
Ryanair has lodged formal complaints with Irish and UK financial authorities alleging Aer Lingus misled the market by presenting overly optimistic forecasts after Ryanair withdrew its takeover bid last year.
Speaking on RTÉ Radio, Mr Barrington also rejected a claim by Mr O'Leary that Aer Lingus was spending its cash reserves, which currently stand at about €600 million.
See: Low Flying Aer Lingus Still Committed To NI
(BMcC)
The airline's Chairman, Colm Barrington, said that he expected Aer Lingus' operating loss to be bigger this year than it was in 2008, and that the company was working to improve profitability.
The news comes after the airline continued to insist that their contentious move to favour a Belfast to Heathrow route over Shannon-London - which provoked local outrage in the Republic - is still a successful project.
Ryanair has lodged formal complaints with Irish and UK financial authorities alleging Aer Lingus misled the market by presenting overly optimistic forecasts after Ryanair withdrew its takeover bid last year.
Speaking on RTÉ Radio, Mr Barrington also rejected a claim by Mr O'Leary that Aer Lingus was spending its cash reserves, which currently stand at about €600 million.
See: Low Flying Aer Lingus Still Committed To NI
(BMcC)
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Ryanair Flies Into Takeover Turbulence
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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.
17 December 2008
Revamped Ryanair Offer Shot-Down
Aer Lingus has rejected the Ryanair offer despite a revised bid from the budget airline yesterday. The rejection comes in spite of two major changes to the initial hostile takeover offer, with the Aer Lingus Chairman Colm Barrington dismissing the offer as "nothing new".
Revamped Ryanair Offer Shot-Down
Aer Lingus has rejected the Ryanair offer despite a revised bid from the budget airline yesterday. The rejection comes in spite of two major changes to the initial hostile takeover offer, with the Aer Lingus Chairman Colm Barrington dismissing the offer as "nothing new".
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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.
