Posts: 28
Joined: Thu Aug 05, 2004 5:16 am

Aer Lingus CEO To Leave 28th January

Thu Jan 13, 2005 3:33 am

Just been announced today that Aer Lingus' CEO Willie Walsh, Chief Operations Officer Seamus Kearney and Cheif Financial Officer Brian Dunne are to leave the airline on January 28th. Walsh while speaking to RTE news stated that he had received in excess of 40 job offers, most linked to the aviation industry, but as yet has not taken any decision on future plans.
Posts: 9250
Joined: Wed Aug 18, 1999 5:49 am

RE: Aer Lingus CEO To Leave 28th January

Thu Jan 13, 2005 4:28 am

Good for them; glad to hear they won't be left idle for too long.

The Irish govt's handling of this whole issue has been a thundering disgrace. They really made an absolute dog's dinner of it. EI has been the most successful European flag carrier by a considerable distance, particularly when you look at SN, OA and AZ. The govt has snatched defeat from the jaws of victory. There was a lot of room left for growth and a lot of opportunities to expand; there was certainly scope for outside investment, which would have allowed the airline to replace its t/a fleet, in plenty of time to face the imminent opportunities offered by new US access. Yet, through their inability to make a decision, they have caused immense damage to the airline. It's almost a catch 22; without a top class management team in place, they won't be able to attract investment, but given the way the outgoing management has been treated, who would actually want to accept the job, knowing that the govt really has little interest in the airline, other than being a political football.
Posts: 441
Joined: Wed Jul 21, 2004 11:17 pm

RE: Aer Lingus CEO To Leave 28th January

Thu Jan 13, 2005 4:47 am

Question from Cullen; (Fictional)

Ok Bertie, here are the options according to the report;
Option A - Privatise
Option B - Privatise
Option C - Privatise
Option D - Find another consultant other than Goldman Sachs to undertake a 2 year long highly expensive but nevertheless glossy and cool looking report before coming to the same choice as Option A, Option B and Option C respectively...

Bertie; uuggghhhh il take Option D please Marty....

The Voice of the Irish Public; Doh!

But seriously, how about we all put together a bucket collection for Padraigh O'Ceidigh to offer to buy EI???....oh yeh i forgot, Bertie thinks that selling EI to Irish people "just isnt on at all in my opinion"...

Posts: 28
Joined: Thu Aug 05, 2004 5:16 am

RE: Aer Lingus CEO To Leave 28th January

Thu Jan 13, 2005 5:14 am

Well looks like Michael O'Leary is about right when he accuses the government of constantly dithering. Consultants report after consultants report and nothing at the end of it except the loss of one of the most sucessful management teams in the aviation industry and what well maybe the reversal of fortunes at EI. Welcome back to the bad old days EI !!!!!!


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