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Ryanair Confident Of Aer Lingus Approval  
User currently offlinekl911 From Czech Republic, joined Jul 2003, 5133 posts, RR: 12
Posted (1 year 11 months 1 week 6 days 6 hours ago) and read 10153 times:

Finally very good news regarding Ryanair taking over Aer Lingus:

quote:


Ryanair said it is confident of winning regulatory clearance for its bid for Aer Lingus after the submission of a “revolutionary” package of remedies to the European Commission to address competition concerns.

The airline has submitted a draft remedies package to the commission, which involved getting other airlines to commit to take over 35 routes to Europe where the proposed takeover would result in a monopoly situation.

Mr O’Leary refused to disclose the airlines involved in the talks but the Financial Times reported last month it had approached Air France-KLM, EasyJet, Etihad Airways, Flybe, International Airlines Group and Virgin Atlantic.

Full article: http://www.ft.com/intl/cms/s/0/75e36...75-00144feabdc0.html#axzz277iZmJVk


I wonder why Etihad has been approached, will they have intra EU tags?

49 replies: All unread, showing first 25:
 
User currently offlinejfk777 From United States of America, joined Aug 2006, 8341 posts, RR: 7
Reply 1, posted (1 year 11 months 1 week 6 days 4 hours ago) and read 9904 times:
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Its time for Ireland to have one airline, the employees have about 25 % and the Irish Government has about the same, Its time for them to cash in. If they don't sell they might as well just re-national Aer Lingus.

User currently offlineEagleBoy From Niue, joined Dec 2009, 1820 posts, RR: 2
Reply 2, posted (1 year 11 months 1 week 6 days 3 hours ago) and read 9818 times:
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Quoting jfk777 (Reply 1):

Its time for Ireland to have one airline, the employees have about 25 % and the Irish Government has about the same, Its time for them to cash in. If they don't sell they might as well just re-national Aer Lingus.
Quoting kl911 (Thread starter):
Finally very good news regarding Ryanair taking over Aer Lingus:

I too welcome the return of an aviation monopoly out of Ireland, bring back the 1980's I say.

Afterall EI is obviously about to collapse within the next 12 months and needs FR to rescue it. That 1 billion Euro cash pile is causing them awful problems and they should be sold to FR for E694M. And with the recently announced codeshares/partnerships with Air Canada. JetBlue and Etihad (as well as the continual growth of their Regional franchise) we can see that they are becoming increasingly marginalised in the aviation sector.

(Indeed with all those bankruptcies is it about time we saw the US aviation industry consolidate into 1 large group)

P.S. the current shareholding of EI does not show 25% in staff hands,the'staff holding is now classed at in private hands,I'm sure many have sold their holding (FR 29%, Govt 25%, Irish Pilots 4%, Denis O'Brien 3%, EY 3% Others 36%)
http://corporate.aerlingus.com/investorrelations/shareregister/


User currently offlinekl911 From Czech Republic, joined Jul 2003, 5133 posts, RR: 12
Reply 3, posted (1 year 11 months 1 week 6 days 3 hours ago) and read 9793 times:

Quoting jfk777 (Reply 1):
Its time for Ireland to have one airline

Ryanair plans on keeping two airlines, both for different markets.

Michael O'Leary:

“I remain confident that our revolutionary remedies package will win approval in Brussels and that we will be able to acquire in time and significantly grow Aer Lingus and have two decent-sized Irish airlines running around Europe kicking the crap out of the competition,” said Mr O’Leary.


User currently offlinePhen From Ireland, joined Oct 2007, 317 posts, RR: 0
Reply 4, posted (1 year 11 months 1 week 6 days 3 hours ago) and read 9744 times:

Quoting kl911 (Reply 3):
Ryanair plans on keeping two airlines, both for different markets.

Ryanair will mothball Aer Lingus if they are allowed to buy it. Anybody who believes otherwise doesn't appreciate how aggressive FR is and how much contempt they have for EI. This takeover being allowed to happen would be nothing short of a disaster for Irish aviation.

Quoting jfk777 (Reply 1):
Its time for Ireland to have one airline, the employees have about 25 % and the Irish Government has about the same, Its time for them to cash in. If they don't sell they might as well just re-national Aer Lingus.

Why would ANY country benefit from going from TWO healthy financially stable airlines competing with each other to ONE with a near complete monopoly???    Please explain your opinion...I'd be interested to hear why you think the above.

[Edited 2012-09-21 12:59:40]

User currently offlineFURUREFA From United States of America, joined Feb 2004, 801 posts, RR: 2
Reply 5, posted (1 year 11 months 1 week 6 days 2 hours ago) and read 9619 times:

Quoting Phen (Reply 4):
Why would ANY country benefit from going from TWO healthy financially stable airlines competing with each other to ONE with a near complete monopoly??? Please explain your opinion...I'd be interested to hear why you think the above.

Because that's not the case right now. Ireland has one healthy financially stable airline, and one anemic airline that, while having some long-haul service, is becoming increasingly marginalized.

In this era of an efficient global market, some countries are just going to have to accept that they cannot support two (or for others, even one) national airline.

While I dislike FR, and do not fly them, the fact of the matter is that Ireland is not a large enough country to support two healthy, prosperous airlines. It simply can't.


User currently offlineEIDL From Ireland, joined Apr 2012, 430 posts, RR: 0
Reply 6, posted (1 year 11 months 1 week 6 days 2 hours ago) and read 9588 times:

Quoting FURUREFA (Reply 5):
Because that's not the case right now. Ireland has one healthy financially stable airline, and one anemic airline that, while having some long-haul service, is becoming increasingly marginalized.

Are you going off particularly old figures? EI is financially stable. FRs bid undervalues it by at least 50% (1Bn in cash + owned a/c + Heathrow slots amongst other assets).

FR project an image that Aer Lingus needs to be "saved" and so on, but like a lot of their media spin, it simply is not true.

There is also a third airline of some scale here - WX. Its not as tightly integrated in to AF as often seems to be believed, its got a seperate HQ in Dublin, for instance.

[Edited 2012-09-21 13:54:26]

User currently offlineEagleBoy From Niue, joined Dec 2009, 1820 posts, RR: 2
Reply 7, posted (1 year 11 months 1 week 6 days 2 hours ago) and read 9523 times:
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Quoting FURUREFA (Reply 5):
Because that's not the case right now. Ireland has one healthy financially stable airline, and one anemic airline that, while having some long-haul service, is becoming increasingly marginalized.

Thats funny, that anemic airline
-has >85% load factor on its long haul services (with 35% of that being transfer pax through its DUB mini-hub),similar on s/h,
-it has posted estimates of a 3rd profitable year while its main (sole?) market is experiencing its worst ever recession,
-it has grown pax numbers in the same time period.
-is currently sitting on a cash pile of over 1 billion Euro.
-is developing ties to several larger operators to increase its market reach.
-has lowered its cost per pax kilometre to just above that of Easyjet in its 2 year streamlining program.

Doesn't seem 'anemic' to me.

Quoting FURUREFA (Reply 5):
While I dislike FR, and do not fly them, the fact of the matter is that Ireland is not a large enough country to support two healthy, prosperous airlines. It simply can't.

While the market in Ireland supports Aer Lingus, the Irish market is a small faction of the FR network. FR are a Pan-European airline more so than an Irish one. FR are Irish owned and based, but the majority of their staff and pax are from continental Europe. (Ireland also being European)


User currently offlineKFlyer From Sri Lanka, joined Mar 2007, 1226 posts, RR: 0
Reply 8, posted (1 year 11 months 1 week 5 days 22 hours ago) and read 8774 times:

Why is everyone seeing EI as unstable? If you look at their recent financial figures, they are one of the most stable FSCs in Europe. In fact, I would say the most stable single airline after BA. True, they are not making any noise, but that does not mean they are unstable. IMHO, they are one fine niche airline that could.

[Edited 2012-09-21 18:28:14]


The opinions above are solely my own and do not express those of my employers or clients.
User currently offlineJambost From Ireland, joined Jun 2010, 257 posts, RR: 0
Reply 9, posted (1 year 11 months 1 week 5 days 20 hours ago) and read 8409 times:

Quoting FURUREFA (Reply 5):
Ireland is not a large enough country to support two healthy, prosperous airlines. It simply can't.
EI & FR are not the only Irish airlines based in Ireland, here is my opinionated list:

FR - King of the hill, they will not stop until they wipe out the entire competition in Europe. [never ending battle]

EI - Healthy and in profit despite fierce competition. [Iconic flag carrier of Ireland]

RE - Irish regional airline known as Aer Arann. Recently entered receivership, Stobart group stepped in, acquired an EI franchise deal and have expansion plans with new aircraft ordered.

WX - In turbulent conditions the only loss making of the lot?

Lets not forget Air Contractors who own Europe Outpost both based in Ireland providing their cargo and charter operations throughout Europe. In perspective of the entire Island therefore including the other airlines based in Northern Ireland so let me add:

LS - BFS

U2 - BFS

BE - BHD

Thomas Cook & Thompson holiday charter base.

From my rant that I type the Island of Ireland is sustaining up to 10 airlines basing their business in Ireland's airports targeting a wide range of markets. EI and FR will live on competing with themselves like the aul irish tribes back in the day. If those days are numbered then think about this:

To fly from Dublin to the UK or Europe it is common that the choice is only between EI & FR [not always the case but on many routes] If FR dissolves EI and the choice is just FR, then who is stopping U2 or LS spreading a rival brand to provide an alternative to FR's crap-tacular service?

I am going to regret saying some of this but my opinion is that BE, LS, U2 is as Irish as FR contributing their services to the North of the Island. I know they are British operating in the UK I know.

Quoting KFlyer (Reply 8):

  

That sounds like a fact to me not opinion!  

[Edited 2012-09-21 19:54:55]

[Edited 2012-09-21 20:08:46]

[Edited 2012-09-21 20:16:05]


1APR14 Ireland Direct, 3 A380-9LR,Equiped Irish Bar & Casino. All Y+ seating. Serving DUB-PER-SYD/MEL
User currently offlineIndianicWorld From Australia, joined Jun 2001, 2957 posts, RR: 0
Reply 10, posted (1 year 11 months 1 week 5 days 20 hours ago) and read 8244 times:

One thing is for sure, such a deal is for the longer term, not the current situation. EI might be doing well now, but it could well be a roller coaster ride over the longer term, judging by past experience.

FR and EI have a chance to make a very solid single group operation, with each targeting specific roles. It may not be ideal to some, especially those who think each European country should have numerous carriers, but the reality in this industry is that things change overnight. Who knows what sits ahead.


User currently offlinekaitak From Ireland, joined Aug 1999, 12436 posts, RR: 37
Reply 11, posted (1 year 11 months 1 week 5 days 19 hours ago) and read 7948 times:

Quoting Jambost (Reply 9):
RE - Irish regional airline known as Aer Arann. Recently entered receivership, Stobart group stepped in, acquired an EI franchise deal and have expansion plans with new aircraft ordered.

The EI franchise has been highly successful; indeed, I would venture to suggest that this is one reason that MO'L is so cheesed off with EI; it has found a formula to push FR off some of the short haul routes to/from Ireland; the 738 - even in an all-Y layout and with FR's costs - simply cannot compare with an ATR42/72, and EI also benefits from the feed from these regional markets; that process is only going to accelerate and that's something that MO'L and FR are/should be worried about.

Quoting IndianicWorld (Reply 10):
EI might be doing well now, but it could well be a roller coaster ride over the longer term, judging by past experience.

And you can say the same for every airline in the world; who does know what the future holds. We know what's happened in the past, which is that EI's home market has been through (and indeed, is still going through) a severe downturn and recession; things are getting a little better, but we have a long way to go. Yet, despite this, EI has survived and has become a better and stronger airline. It certainly does not need or want ownership by FR.

There would be very little support for an FR takeover of EI in its home market, i.e. among customers. We do like to have a choice. Despite all MO'L and FR say, I simply cannot see this being allowed to go through; however, even if in the unlikely event it is likely to go through, FR can't force other shareholders to sell to them.


User currently offlineIndianicWorld From Australia, joined Jun 2001, 2957 posts, RR: 0
Reply 12, posted (1 year 11 months 1 week 5 days 18 hours ago) and read 7675 times:

Quoting kaitak (Reply 11):
And you can say the same for every airline in the world; who does know what the future holds. We know what's happened in the past, which is that EI's home market has been through (and indeed, is still going through) a severe downturn and recession; things are getting a little better, but we have a long way to go. Yet, despite this, EI has survived and has become a better and stronger airline. It certainly does not need or want ownership by FR.

Of course its the same as any other carrier. carriers cut and cut and repeat. It only goes so far.

EI have done well to turn itself around, but we have heard many examples of a quick improvement only to fall back again in a few years.

My point is as stated, such a deal could be a way of providing stability over the longer term. Not saying its the only solution, but trying to stay on its own might be tricky in the longer term. Its market is not huge, and things will only likely get more competitive.


User currently offlinef4f3a From United Kingdom, joined Jul 2004, 246 posts, RR: 0
Reply 13, posted (1 year 11 months 1 week 5 days 15 hours ago) and read 6809 times:

Why is fr obsessed with buying ei ??

Are fr really concerned with competition out of Ireland . I doubt it they make most of their money elsewhere .

Could this be a reverse take over and fr can use a good brand to compete in the higher end of lcc market
For people who will not fly fr.

Or is it for his entry into long haul low cost using ei expertise ??


User currently offlineEagleBoy From Niue, joined Dec 2009, 1820 posts, RR: 2
Reply 14, posted (1 year 11 months 1 week 5 days 13 hours ago) and read 6181 times:
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Quoting f4f3a (Reply 13):
Why is fr obsessed with buying ei ??

Are fr really concerned with competition out of Ireland . I doubt it they make most of their money elsewhere .

The hubris of MoL and the senior mgmt team at FR are behind this. We can see this in the reaction of major US investors when FR announced the purchase of their 29% sharhaolding. The FR mgmt team have since waiting till those same investors cannot question this current bid due to the cost (E694M) being less than 50% value of the FR group.

-When FR were launched the culture in EI was one of didain,it seems that FR have never forgotten this attitude and want payback.
-EI are the only airline to continue to successfully compete against the FR business model,eliminating them would be a major coup for FR. Taking over EI would also spell doom for Aer Arann (in their guise as EI Regional)
-FR agressively defended 'their' market against Easyjet and Go when they tried to enter the Rep of Ireland market, I cannot see how FR would allows other airlines to waltz in to allow this takeover.Within 3-5 years the gloves would off.
-The entry into long haul with an established brand is a definite option in this take-over.
-And yes a takeover of EI would allow the overall FR Group to access different markets under a different brand.


User currently offlineAesma From France, joined Nov 2009, 6609 posts, RR: 9
Reply 15, posted (1 year 11 months 1 week 5 days 8 hours ago) and read 4565 times:

The reason many airlines are based in Ireland is because of low corporate taxes, not the local market.


New Technology is the name we give to stuff that doesn't work yet. Douglas Adams
User currently offlinekl911 From Czech Republic, joined Jul 2003, 5133 posts, RR: 12
Reply 16, posted (1 year 11 months 1 week 5 days 7 hours ago) and read 4284 times:

Quoting Jambost (Reply 9):
FR - King of the hill, they will not stop until they wipe out the entire competition in Europe.

That is the aim of every company in the world,not just FR. FR is just the only one saying it out loud.  
Quoting f4f3a (Reply 13):
Why is fr obsessed with buying ei ??

Because they think it is a good investment, and FR still wants to go Trans-Atlantic

Quoting f4f3a (Reply 13):
Or is it for his entry into long haul low cost using ei expertise ??

That is my guess.

Quoting Aesma (Reply 15):
The reason many airlines are based in Ireland is because of low corporate taxes, not the local market

That is right for the Headoffice, it doesnt make them start routes for that reason though.


User currently offlinepesit4a From Ireland, joined Jul 2012, 119 posts, RR: 0
Reply 17, posted (1 year 11 months 1 week 5 days 4 hours ago) and read 3821 times:

Quoting Aesma (Reply 15):

Yawn.

Aerlingus - serving Ireland almost exclusively, based in Ireland.
Aer Arann - serving Ireland almost exclusively, based in Ireland.
Cityjet - served Ireland exclusively, before being bought by Air France.
Ryanair - served Ireland exclusively, before expanding to Europe.

NONE OF THEM WERE EVER based anywhere but Ireland.



You just can't keep a good man down!
User currently offlineClassicLover From Ireland, joined Mar 2004, 4635 posts, RR: 23
Reply 18, posted (1 year 11 months 1 week 5 days 3 hours ago) and read 3748 times:

Quoting EagleBoy (Reply 14):
The FR mgmt team have since waiting till those same investors cannot question this current bid due to the cost (E694M) being less than 50% value of the FR group.

If the European commission approves Ryanair's remedies, I would place money on the next bid being higher. The current bid has lapsed of course and is no longer valid.

Interesting times ahead anyway  



I do quite enjoy a spot of flying - more so when it's not in Economy!
User currently offlinekl911 From Czech Republic, joined Jul 2003, 5133 posts, RR: 12
Reply 19, posted (1 year 11 months 1 week 5 days 3 hours ago) and read 3731 times:

I was just reading this, what do they mean with breaking up Aer Lingus? :


"Addressing shareholders at today’s annual meeting in Dublin, O’Leary said that Ryanair had received approaches both from other airlines and from financial institutions who wanted to break up Aer Lingus."

And this:

"He said somewhere between 30 and 35 rival airlines had shown interest in taking over routes which both Ryanair and Aer Lingus currently fly."

Source: http://www.standard.co.uk/business/b...0-stake-in-aer-lingus-8162981.html


User currently offlineEIDL From Ireland, joined Apr 2012, 430 posts, RR: 0
Reply 20, posted (1 year 11 months 1 week 5 days 3 hours ago) and read 3709 times:

Quoting kl911 (Reply 19):
I was just reading this, what do they mean with breaking up Aer Lingus? :

Its a completely baseless scare tactic.

FR's plans are as close to a break up as will ever happen to EI.


User currently offlinekl911 From Czech Republic, joined Jul 2003, 5133 posts, RR: 12
Reply 21, posted (1 year 11 months 1 week 5 days 2 hours ago) and read 3677 times:

Quoting EIDL (Reply 20):
Its a completely baseless scare tactic.

FR's plans are as close to a break up as will ever happen to EI.

No,what i mean is the article mentioned when the deal is not approved and Ryanair will sell its stake in EI to Financial institutions. Those seem to be the ones to want to break up the airline according to the article.


User currently offlineEagleBoy From Niue, joined Dec 2009, 1820 posts, RR: 2
Reply 22, posted (1 year 11 months 1 week 5 days 2 hours ago) and read 3639 times:
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Quoting kl911 (Reply 19):
I was just reading this, what do they mean with breaking up Aer Lingus?
Quoting kl911 (Reply 21):
No,what i mean is the article mentioned when the deal is not approved and Ryanair will sell its stake in EI to Financial institutions. Those seem to be the ones to want to break up the airline according to the article.

Mol is the one saying this not anyone else. His argument is that financial investors will buy controlling interest in EI and then break it up and sell off the parts (60% aircraft owned, short haul network, longhaul network, property portofolio, LHR slots, AOC etc etc)

Strange, as Mol has already stated that he would be willing to ditch the current fleet, the LHR slots, the shorthaul network, the bulk of the workforce, etc etc.........


In point of fact at the 2011 full year results the EI CEO stated that the EI preference is for EI to be owned by multiple financial institutional investors. Being mostly owned by another airline could interfere with how EI run their own operations.
So to repeat...MoL is the ONLY person saying that EI is going to be broken up within the next 3-5 years.


User currently onlinegreenjet From Ireland, joined Aug 2001, 956 posts, RR: 1
Reply 23, posted (1 year 11 months 1 week 5 days 1 hour ago) and read 3567 times:

Quoting kl911 (Thread starter):
Finally very good news

For who other than FR?

Quoting jfk777 (Reply 1):
If they don't sell they might as well just re-national Aer Lingus.

I don't see the logic in that.

Quoting EagleBoy (Reply 2):
That 1 billion Euro cash pile is causing them awful problems and they should be sold to FR for E694M.
Quoting EIDL (Reply 6):
FRs bid undervalues it by at least 50% (1Bn in cash + owned a/c + Heathrow slots amongst other assets).

While EI does have a nice little cash pile it also has some notable liabilities including 530 million euro in finance lease obligations. The company's net worth (total assets minus total liabilties) amounted to 792 million euro as at 30 June 2012 so yes the FR bid does appear to be a little on the low side but EI isn't as valuable as some may think.


User currently offlineEIBusiness From Ireland, joined Feb 2010, 640 posts, RR: 7
Reply 24, posted (1 year 11 months 1 week 4 days 15 hours ago) and read 3375 times:

Quoting greenjet (Reply 23):
While EI does have a nice little cash pile it also has some notable liabilities including 530 million euro in finance lease obligations. The company's net worth (total assets minus total liabilties) amounted to 792 million euro as at 30 June 2012 so yes the FR bid does appear to be a little on the low side but EI isn't as valuable as some may think.

While your point is certainly a valid one, the valuation of a business is ultimately much more complex. Aer Lingus, for example, has one of the highest owned aircraft relative to leased aircraft ratios that I'm aware of.

A business is ultimately valued upon the potential earning power of its current asset base, with a strong consideration of prior earnings performance. The valuation may be a multiple of revenue or the P/E ratio and much more.

I'm glad to see that FR shareholders are apparently happy for the airline to accumulate what must at this stage be materially significant legal costs in its efforts to pursue a takeover of Aer Lingus.

The re-organisation costs associated with the proposed remedies being offered by FR right now would be extensive, both in terms of FR, EI and in relation to the takeover of several routes by a myriad of different carriers.

There is absolutely no argument, no matter in what manner FR would like to phrase it - that supports the ultimate breakup of a positive free cash flow generating profitable unit that is EI for the past couple of years.

EIBusiness



Vivo Per Lei...
25 bestwestern : Good analysis as usual. If EI goes, Ireland will be at the mercy of Ryanair, and watch them battle other airlines out of Ireland with short-lived far
26 OA260 : Actually it would be the worst scenario and detrimental to Irish aviation. The fares would rise and the country would be held to ransom by MOL. It wo
27 KL911 : Not really, Don't forget it will be part of the deal to open up at least 35 routes to competition. So you will for example see KLM start Dublin.
28 pesit4a : Really? And do we have a promise of this - and more importantly - a promise that they will stay on the route and that FR wont start a fares war that
29 OA260 : Ive seen and heard it all before. Being based in Ireland for the last 15-16 years Im sorry if experience clouds my judgement but its all been said be
30 KL911 : They will, Ryanair and KLM for example serve totally different markets. And I doubt Ryanair would ever want to fly to LHR,AMS, FRA etc. Basically if
31 OA260 : So the EU rules that Airlines have to operate a route ? I think you are missing the point to be honest. Foreign carriers come and go as did LO TP BA
32 Pe@rson : On what routes have FR's fares gone "sky high" as a result of a competitor ceasing their service? I would like to go and check it out.
33 OA260 : Are you serious ? This has been discussed over the years and you were witness to it and actually contributed to threads on it . I'm not anti FR but I
34 Pe@rson : Your logic is obviously simple: reduced competition by the only other operator withdrawing and an increase in the average fare of the remaining airlin
35 KL911 : Well, if those carriers are not interested in the routes it means there is no market and or business case for it. We will find out if certain routes
36 OA260 : I referred to what has happened in the past where such an example has been present in DUB and thats exactly what happened. This is exactly what I wou
37 pesit4a : Ahem... Ireland has been sustaining EI and FR for quite some time now, and just because I live on a "small island" does not mean I should be denied t
38 bestwestern : KL911, you are such blinkered you seem to think that FR doesn't compete against KLM if they are flying on the same route pair. They don't serve differ
39 pesit4a : I'll add a few more examples: SNN - BHX - Drove Flybe off the route, then pulled it themselves. SNN - CGN - Drove HLX off the route, then pulled it t
40 Toulouse : While you are totally right in the fact that Ireland is a small country with small population, in 2012 we were ranked the 25th busiest airport in Eur
41 EIDL : I knew you meant that. That is what is the baseless scaremongering by FR. FR's plans for EI are a break-up by any other name. So they're trying to co
42 pesit4a : On the day Ryanair announced their first bid for Aerlingus, I attended an interview with a member of senior management at Ryanair. I made some small
43 Post contains images KL911 : First of all, I have nothing against Ireland, I am actually looking at moving there I was just using the size of the country ( the population actuall
44 EIDL : I'm not sure that any private finance group could be a more disruptive shareholder with a holding the size of FR than FR already are, though; if that
45 pesit4a : It's Ok, I dont think you have anything against Ireland, but I get annoyed at this "oh, its so tiny, its all tourism, there's no business traffic, th
46 Phen : And I can guarantee that we who live here in Ireland do exactly that! I fly EI and FR in equal amounts, depending on the price! Ask the other Irish f
47 PoianaMarco : Well said. Indeed, there is no reason why such a small country should have more than just one airline. At least I dont see why, and taking in concide
48 EagleBoy : SO you decide where a company can be set up..............regardless of your opinion Ireland has 5 airlines based there........sorry NOT just based th
49 Jambost : Iceland has 3 airlines serving a population of 320,000 Ireland airlines serving a population of 6.2 MILLION. [ Rep Ireland 4.5 Northern Ireland 1.8]
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