thediplomat
Posts: 77
Joined: Fri Jun 02, 2006 4:59 pm

Ryanair Investors Revolt

Sat Oct 07, 2006 6:51 pm

http://www.ireland.com/newspaper/front/2006/1007/1160167094456.html

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?"

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos