Aer Lingus

Tag Archives for Aer Lingus.

Ryanair to sell Aer Lingus stake to IAG

Ryanair has just announced that is accepting the £961 million IAG (parent company of British Airways) bid for Aer Lingus. The bid that was already blessed by the Irish authorities was already a precursor for the complete takeover of Aer Lingus and integration into the IAG network. The trans-Atlantic flight routes from Dublin are too hard to resist for Heathrow slot starved IAG. Ryanair owns 29.8% of Aer Lingus and wasn’t really a willing party to sell out the stake. They tried thrice to buy over Aer Lingus but failed in all their bids due to stiff opposition from all ends. I guess no wanted Ryanair to dominate the Irish market leaving them with no other option but to sell out. We may soon see…

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The era of fare unbundling is about to hit full service carriers

Christoph Müller is an interesting man, the new CEO of the troubled Malaysia Airlines has always been known as a ‘terminator’ for his skills related to cost cutting by trimming workforce and brining airlines back to profit. He has done this successfully with Aer Lingus and Sabena in the past and he has already started that process at Malaysia Airlines by letting go almost 6,000+ employees of the airline. What’s really catching the eye though is his statements this week at the IATA Annual General Meeting in Miami about turning the airline into a “value airline” for its customers by offering customized unbundled fares where customers have a choice to choose what all features they and what they don’t. He has discussed about unbundling business…

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Etihad ups its stake to 19.9% in Virgin Australia

Etihad Airways, the national airline of the United Arab Emirates has upped its equity stake in Virgin Australia Holdings to 19.9% through a number of  market purchases it had made in these last few weeks. Etihad has been on a stake acquisition spree in the past few years as a strategy to build up a network to compete with bigger middle eastern competitors of the likes of Emirates and Qatar Airlines. The airline has built up equity stakes in Air Berlin, Air Seychelles, Virgin Australia and Aer Lingus, will acquire 49% of Air Serbia from January 2014 and, subject to regulatory approval, will acquire 24% of India’s Jet Airways. Etihad Airways and Virgin Australia have a ten-year strategic partnership that helps code-sharing on flights, joint sales…

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