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

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 03.23.15

Airborne 03.24.15

Airborne 03.25.15

Airborne 03.26.15

Airborne 03.27.15

Airborne Hi-Def On YouTube

Airborne 03.23.15

Airborne 03.24.15

Airborne 03.25.15

Airborne 03.26.15

Airborne 03.27.15

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

For Real! HondaJet Receives Provisional TC From FAA

Next Big Step Taken In Honda's Plans For The Business Aviation Market The HondaJet has received provisional type certification (PTC) from the FAA. This achievement indicates the FA>[...]

Klyde Morris (03.30.15)

Klyde's Got Worries... Lots Of Them FMI: www.klydemorris.com>[...]

AeroSports Update: Aerobatic Powerhouse Julie Clark To Be At Sun ‘N Fun

Even The Best Airshow Performers In The World Need Sponsorships, And Julie Clark Has Just Announced She Will Be Sponsored By Tempest And Electroair At Sun-N-Fun 2015 Julie Clark Ai>[...]

Airborne 03.27.15: Cockpit Changes Announced, Maine v UAVs, NBAA v Santa Monica

Also: AirVenture Update, Barnstorming Opines On Media Aero-Reporting, NTSB Update, ERAU Scholarships, Doolittle Raiders, Tecnam P2010 The loss of Germanwings Flight 9525 due to wha>[...]

Aero-News: Quote Of The Day (03.30.15)

“EAA AirVenture creates unmatched opportunities for people to see aircraft in one place that you cannot see anywhere else in the world. It’s only fitting that on the B->[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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