Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Ryanair Investors Revolt  
User currently offlineTheDiplomat From Ireland, joined Jun 2006, 382 posts, RR: 6
Posted (9 years 7 months 3 weeks 3 days 17 hours ago) and read 1792 times:


As Aer Lingus shares traded near to €3 for the first time, Ryanair faced questions about the wisdom of its own strategy. The airline's largest investor - New York-based fund manager Gilder, Gagnon, Howe & Co - was reported to have grilled executives in the airline as to why they were seeking to enter the long-haul market less than a week after the company told investors it had no plans for such a move.

During an investors conference call, the Gilder representative also questioned the timing of the bid. The attitude of US investors has raised the issue of whether Ryanair told investors about its move beforehand.

Mike Powell, an analyst at Dresdner Kleinwort Wasserstein, said US investors appeared to be taken aback by the takeover approach. "American investors were sounding quite confused. They probably don't know who Aer Lingus are."

Ryanair shareholders could force the company to abandon its pursuit of Aer Lingus, he claimed.

"There are a lot of investors who have been with Ryanair for a long time and who worship the company," Mr Powell added. "They are very confused by this. I would not be surprised if the deal collapses when Ryanair shareholders say 'why are you doing this?"

Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Allegiant Video Presentation To Possible Investors posted Sun Nov 26 2006 22:50:59 by FATFlyer
Ryanair And Marrakesh posted Mon Nov 20 2006 07:30:47 by Madairdrie
Ryanair Flt-RYR9428 On Its Way! posted Sat Nov 18 2006 23:09:37 by Express1
Ryanair Sues LH For Misleading Ad (Hidden Charges) posted Thu Nov 16 2006 00:30:46 by Vfw614
Ryanair Loads UK To DUB posted Wed Nov 15 2006 15:20:34 by Sam1987
Ryanair Online Check-in With Non-EU Docs.Possible? posted Tue Nov 14 2006 18:17:31 by Voodoo
Ryanair In Talks Re TLV posted Fri Nov 10 2006 15:46:17 by TLVFred
13 New Route Maps: Ryanair Parade; Modified NZ posted Mon Nov 6 2006 05:19:03 by Jimyvr
Aer Lingus Rejects Ryanair Takeover Bid posted Fri Nov 3 2006 22:07:36 by Clickhappy
Another Ryanair Executive Joins US-Start Up Skybus posted Mon Oct 30 2006 10:38:58 by Vfw614