Sep 28, 2016, 2:57 pm
Last edit by: JDiver
Aer Lingus takeover by IAG
Executive summary: Rumours of IAG (International Consolidated Airlines Group, British Airways, IAG Cargo, Iberia and Vueling - Link to Wikipedia article) interest in acquiring EI strengthened in December 2014, with refusals and objections by then 29% owner Ryanair, EI Board of Directors and some Irish government leaders (a 25% stake was held by the Irish government).
Aer Lingus, currently headed by CEO Stephen Kavanagh, was acquired by IAG for 1.36bn in 2015; IAG took full control of Aer Lingus on 02 Sep 2015.
Aer Lingus is working to join the oneworld airline alliance and plans to expand service to the U.S. later this year and next, CEO Stephen Kavanagh said Wednesday.
...Aer Lingus will strive to join the oneworld alliance that counts British Airways and American Airlines among its founding members.
There are some advantages to joining the big-boys club, Kavanagh said. While Avios will be a competitive tool, ultimately, we believe that will result in our joining again oneworld, he said.
Link to USA Today article - 18 May 2016
...Aer Lingus will strive to join the oneworld alliance that counts British Airways and American Airlines among its founding members.
There are some advantages to joining the big-boys club, Kavanagh said. While Avios will be a competitive tool, ultimately, we believe that will result in our joining again oneworld, he said.
Link to USA Today article - 18 May 2016
Aer Lingus is on target to join the OneWorld alliance next year (2017), when it should also be able to benefit from BA's joint venture with American Airlines.
"The next big integration issue will be Aer Lingus coming into the joint business on the transatlantic. That will require some systems changes," said (IAG CEO) Mr Walsh.
Link to article in Independent - 30 Apr 2016
"The next big integration issue will be Aer Lingus coming into the joint business on the transatlantic. That will require some systems changes," said (IAG CEO) Mr Walsh.
Link to article in Independent - 30 Apr 2016
On 26 May 2015, after months of negotiations on a possible IAG takeover, the Irish government agreed to sell its 25% stake in the company. Ryanair retained a 30% stake in Aer Lingus which it agreed to sell to IAG on 10 July 2015 for 2.55 per share. In August 2015, Aer Lingus' shareholders officially accepted IAG's takeover offer. IAG subsequently assumed control of Aer Lingus on 2 September 2015.
Link to Wikipedia article about Aer Lingus
Link to Wikipedia article about Aer Lingus
Aer Lingus IAG take over bid [Master Thread]
Apr 28, 2015, 12:14 am
#211
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Apr 28, 2015, 1:16 am
#212
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I have always considered it good manners to make an attempt with the local language.
Just our of curiosity (and to get this thread back on topic) is the main political factors actually about connectivity or is it about an iconic Irish brand being taken over by a foreign company?
Apr 28, 2015, 5:14 am
#213
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Was in middle of booking flight on EI website to London 19th May.
Usually fly to LHR but selected all london airport search.
Noticed EI selling seats to LCY. example EI8361 DUB to LCY 07:00 Operated by "China Northern Airlines" but when checked history on flightradar its actually the BA4461 on the E70.
Maybe takeover is a done deal!
Usually fly to LHR but selected all london airport search.
Noticed EI selling seats to LCY. example EI8361 DUB to LCY 07:00 Operated by "China Northern Airlines" but when checked history on flightradar its actually the BA4461 on the E70.
Maybe takeover is a done deal!
Apr 29, 2015, 6:12 am
#214
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Was in middle of booking flight on EI website to London 19th May.
Usually fly to LHR but selected all london airport search.
Noticed EI selling seats to LCY. example EI8361 DUB to LCY 07:00 Operated by "China Northern Airlines" but when checked history on flightradar its actually the BA4461 on the E70.
Maybe takeover is a done deal!
Usually fly to LHR but selected all london airport search.
Noticed EI selling seats to LCY. example EI8361 DUB to LCY 07:00 Operated by "China Northern Airlines" but when checked history on flightradar its actually the BA4461 on the E70.
Maybe takeover is a done deal!
DUB to PEK via LCY?
Apr 30, 2015, 7:59 am
#215
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Was in middle of booking flight on EI website to London 19th May.
Usually fly to LHR but selected all london airport search.
Noticed EI selling seats to LCY. example EI8361 DUB to LCY 07:00 Operated by "China Northern Airlines" but when checked history on flightradar its actually the BA4461 on the E70.
Maybe takeover is a done deal!
Usually fly to LHR but selected all london airport search.
Noticed EI selling seats to LCY. example EI8361 DUB to LCY 07:00 Operated by "China Northern Airlines" but when checked history on flightradar its actually the BA4461 on the E70.
Maybe takeover is a done deal!
It is not *that* unusual to see this sort of confusion when old/obscure/unused IATA codes are fed i to the system.
Apr 30, 2015, 8:05 am
#216
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the Financial Times quotes WW in an article that seems upbeat about a positive outcome; and suggests the 5 year vs 10 year guarantee standoff may be compromised to a 7-year guarantee:
People close to the situation suggested that a guarantee of seven years could be possible if IAG were given commercial comfort over airport landing charges, for example. IAG is also expected to offer reassurances to Dublin over the future of routes into regional airports such as Shannon, Cork and Knock.
Originally Posted by The Financial Times
People close to the situation suggested that a guarantee of seven years could be possible if IAG were given commercial comfort over airport landing charges, for example. IAG is also expected to offer reassurances to Dublin over the future of routes into regional airports such as Shannon, Cork and Knock.
May 2, 2015, 4:01 am
#217
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May 2, 2015, 4:21 am
#218
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Seems like EI-BA looks likelier and likelier as days pass by.
And surprisingly short for a discussion I'd thought would be very protracted! I honestly thought it would mean another 2 years before the deal was closed.
I guess it's good - especially for EI to grow.
And surprisingly short for a discussion I'd thought would be very protracted! I honestly thought it would mean another 2 years before the deal was closed.
I guess it's good - especially for EI to grow.
May 2, 2015, 2:55 pm
#219
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May 2, 2015, 8:00 pm
#220
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As opposed to, say, Geman, Finnish or Castilian.Opposed by the usual: populists, unions, etc.?
Last edited by JDiver; May 6, 2015 at 12:52 am
May 11, 2015, 2:42 am
#222
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Aer Lingus sale: Minister 'considers draft report' as saga to hit six-month mark
Originally Posted by Irish Independent
Transport Minister Paschal Donohoe is understood to be considering a draft version of a long-awaited report on the future of Aer Lingus.
<snip>
A Cabinet meeting tomorrow is not scheduled to discuss the bid which means that management, staff and investors will still be in the dark more than six months after IAG made its first bid for Aer Lingus
<snip>
Discussions between IAG and an expert group appointed to advise the Government on its bid are over and sources say there are no major differences left. The two sides had argued over a so-called guarantee on the Heathrow slots, new routes, employment commitments and the future of Cork and Shannon airports.
May 15, 2015, 11:59 am
#223
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From RTE today, Ireland is canvassing European authorities for their initial views on the proposed sale of Aer Lingus to airline group IAG.
http://www.rte.ie/news/business/2015...-aerlingus-eu/
Feels like the Govt are too chicken to make a call, maybe trying to pull in EU in an effort to push out beyond election?
http://www.rte.ie/news/business/2015...-aerlingus-eu/
Feels like the Govt are too chicken to make a call, maybe trying to pull in EU in an effort to push out beyond election?
May 16, 2015, 4:51 am
#224
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May 18, 2015, 2:59 am
#225
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Aer Lingus sale to IAG now hinges on Ryanair
Originally Posted by Irish Independent
Ryanair's intentions for its stake in Aer Lingus will have to be declared before a Cabinet decision on the sale of the airline can be made.
Senior Government sources last night confirmed that the Cabinet will only be given a chance to decide on the State's 25.1pc stake in the former national carrier once Ryanair makes known its intentions.
<snip>
But the subject will not be on the Cabinet agenda for this week's meeting. Speaking yesterday, Mr Donohoe's spokeswoman said he has yet to receive a "final report" from the Interdepartmental Group examining the matter.