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 On ANN

Airborne 10.12.15

Airborne 10.06.15

Airborne 10.07.15

Airborne 10.08.15

Airborne 10.09.15

Airborne Hi-Def On YouTube

Airborne 10.12.15

Airborne 10.06.15

Airborne 10.07.15

Airborne 10.08.15

Airborne 10.09.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 YouTube

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.



More News

Airborne 10.12.15: Senator v UAVs, Precious Metal Update, Airbus Heli's H160

Also: Girls In Aviation 2016, Quicksilver Across America, Heli Celebration, Russian Airline Bankruptcy, Custom Avionics Acquired, Westjet Air Center, NASA Selects Student Teams ANN>[...]

Pipistrel Wins HUGE Contract With Indian Military

Will Supply 194 Aircraft To The Indian Air Force (IAF), Indian Navy (IN) And National Cadet Corps (NCC). Pipistrel has been selected by the government of India to equip the Indian >[...]

SF City Supervisor Blasts Blue Angels As 'Killing Machines'

Demonstration Team Flew During Annual Fleet Week Celebration The Navy's Blue Angels precision demonstration team performed over the weekend in San Francisco as part of the city's a>[...]

ANN's Daily Aero-Linx (10.13.15)

National Aviation Hall of Fame They dreamed the dreams. They harnessed the technologies. They created a world where the sky was no longer the limit.>[...]

ANN's Daily Aero-Term (10.13.15): AD - Airworthiness Directive

Issued by airworthiness authorities to correct a defect found in an aircraft type after certification.>[...]

blog comments powered by Disqus





© 2007 - 2015 Web Development & Design by Pauli Systems, LC