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 07.23.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.23.14 **
** Airborne 07.21.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.21.14 **
** Airborne 07.18.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.18.14 **

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

FAA Extends NOTAM For Ben Gurion International Airport

Adds 24 HoursTo Ban On US Flights To Tel Aviv The FAA has issued another Notice to Airmen (NOTAM) informing U.S. airlines that Tuesday's NOTAM flight remains in effect for Israel's>[...]

Airborne 07.23.14: Garmin's 7 Inch Touch, Equusearch v FAA, Andreini Family Sues

Also: GA Investment, Bud and Ross Granley, C-9 Farewell, Jepp FlightDeck, How To Find ANN At Oshkosh Garmin’s “Team X” is dedicated to experimental aircraft avion>[...]

ANN's Daily Aero-Linx (07.24.14)

Abandoned & Little Known Airfields Obviously the author's labor of love, "Abandoned & Little Known Airfields" is a listing by state of airstrips either off the beaten path,>[...]

ANN's Daily Aero-Term (07.24.14): Peak Gust

The highest instantaneous wind speed observed or recorded.>[...]

Aero-News: Quote Of The Day (07.24.14)

"Participation at the Oshkosh airshow has become a staple for NTSB investigators and staff.” Source: NTSB Acting Chairman Christopher A. Hart.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC