The Race Is On For Control Of Aer Lingus | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 06.18.18

Airborne-UnManned 06.19.18

Airborne 06.20.18

AMA Drone Report 06.21.18

Airborne 06.22.18

Airborne-YouTube

Airborne 06.18.18

Airborne-UnManned 06.19.18

Airborne 06.20.18

AMA Drone Report 06.21.18

Airborne 06.22.18

Thu, Oct 12, 2006

The Race Is On For Control Of Aer Lingus

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 amount.

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.

FMI: www.flyaerlingus.com, www.ryanair.com

Advertisement

More News

AMA Drone Report 06.21.18: NC Drone Summit, AMA v Raleigh Regs, Yuneec Typhoon H

Also: ERAU UAS Program, UK Drone Rescue, ANN/AMA Oshkosh Coverage, Fat Shark 101 The North Carolina Department of Transportation is planning a Drone Summit and Flight Expo for Augu>[...]

AMA Drone Report 06.21.18: NC Drone Summit, AMA v Raleigh Regs, Yuneec Typhoon H

Also: ERAU UAS Program, UK Drone Rescue, ANN/AMA Oshkosh Coverage, Fat Shark 101 The North Carolina Department of Transportation is planning a Drone Summit and Flight Expo for Augu>[...]

Airborne 06.20.18: SubSonex Heads For RENO!, Elvis' BizJet, Chambliss-Red Bull

Also: P&W Geared Turbofan, Tamarack Aerospace, King Air 350ER XP67A Upgrade, NATA Annual Mtg Sonex Aircraft will collaborate with High Performance Aircraft Group to showcase th>[...]

Airborne-Unmanned 06.19.18: Mexican UAV Fights Crime, Spokane Drones, Ikhana!

Also: K2 & Robotic Skies, Autonomous Aerial Vehicles Competition, K State Grad Cert, Commercial Drones at JFK A drone operated by authorities in Ensenada, Mexico, led to a sign>[...]

ANNouncement: Now Accepting Applications For Oshkosh 2018 Stringers!!!

An Amazing Experience Awaits The Chosen Few... E-I-C Note: There's very little we can say yet, but there is a reason why this may be THE year to throw in with ANN to cover the extr>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC