Thu, Oct 12, 2006
Pilots Purchase 1.6-Percent Stake In Carrier
It appears pilots at Ireland's Aer Lingus either really don't
want Ryanair to buy their airline... or they want to make sure the
rival low-cost carrier pays through the teeth for it.
After word got out last week Ryanair had submitted a bid to
purchase the former state-owned carrier, Aer Lingus pilots
reportedly raided their retirement piggy bank... and gobbled up
over $30 million worth of stock. That's good enough for a
1.6-percent stake in the airline.
As Aero-News reported,
RyanAir offered over $3.50 per share in its takeover bid last week.
The pilots purchased their 8.5-million shares at $3.85 each...
upping the minimum price Ryanair must now pay to the same
Currently, Aer Lingus employees and the Irish government hold
44-percent of the company between them. The government has
repeatedly stated it will not buy anymore Aer Lingus shares in the
market, in order to foster increased competition.
In related news, pilots at RyanAir sought help from the Irish
government this week in forcing the airline to raise their pay to
that enjoyed by Aer Lingus pilots. Aer Lingus pilots are
unionized... RyanAir's are not.
NTSB Denies FAA's Right to Penalize UAS PIlot Remember Raphael "Trappy" Pirker? When last we wrote about this fellow, he was dealing with a recalcitrant FAA who had asserted that h>[...]
Brings Company Into Compliance With All State Regulations For Medical Transport The state of Nevada has fully licensed Angel MedFlight Worldwide Air Ambulance to transport patients>[...]
Also: Trig TT31 Update, Barnstorming--GA Wimping Out, Gone West: MiG Designer Belyakov, Zenith's 10000 Plan! When the FAA opened the door for easier angle of attack (AoA) indicator>[...]
Space Telescope Science Institute Welcome to the Space Telescope Science Institute (STScI) -- home of science program selection, grant administration, planning, scheduling, and pub>[...]
Informs the pilot of the heading he/she should fly. The pilot may have to turn to, or continue on, a specific compass direction in order to comply with the instructions.>[...]