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]
Sep 2, 2015, 2:30 am
#303
Original Poster
Join Date: Jun 2006
Posts: 5,900
IAG formally takes control of Aer Lingus
British Airways owner International Consolidated Airlines Group (IAG) has said it now controls Aer Lingus, with the deadline for the Irish airline’s shareholders to accept its offer closed.
IAG received valid acceptances of the offer for 98.05 per cent of the existing issued share capital of Aer Lingus.
Shareholders will receive a cash payment of € 2.50 for each share held, and a cash dividend payment of 5 cents per share.
Aer Lingus shares are expected to be delisted from the Irish Stock Exchange by September 17.
http://www.irishtimes.com/business/t...ngus-1.2337278
British Airways owner International Consolidated Airlines Group (IAG) has said it now controls Aer Lingus, with the deadline for the Irish airline’s shareholders to accept its offer closed.
IAG received valid acceptances of the offer for 98.05 per cent of the existing issued share capital of Aer Lingus.
Shareholders will receive a cash payment of € 2.50 for each share held, and a cash dividend payment of 5 cents per share.
Aer Lingus shares are expected to be delisted from the Irish Stock Exchange by September 17.
http://www.irishtimes.com/business/t...ngus-1.2337278
Sep 4, 2015, 4:19 am
#304
Join Date: Mar 2009
Location: JAX
Programs: Ex-BA/AA/CP/LY staff, BA Executive Club Blue, IHG Diamond, Marriott Silver, Chick-fil-A Red
Posts: 3,588
Sep 7, 2015, 9:32 am
#309
Join Date: Jul 2013
Location: AMS/RTM
Posts: 2,827
Sep 14, 2015, 1:40 am
#311
FlyerTalk Evangelist
Join Date: Mar 2008
Location: Netherlands
Programs: KL Platinum; A3 Gold
Posts: 28,748
It takes time to meet all the requirements of alliance entry.
Originally Posted by oneworld
Qatar Airways completes its oneworld implementation programme just one year after receiving its invitation to join, announced at a press conference in the alliance's New York home in October 2012. This will make its induction into oneworld one of the fastest in the alliance's history. Normally it takes around 18 months for any airline to be readied to enter any alliance.
Sep 14, 2015, 1:53 am
#313
FlyerTalk Evangelist
Join Date: Mar 2008
Location: Netherlands
Programs: KL Platinum; A3 Gold
Posts: 28,748
The announcement to leave was made in May 2006, with the actual exit occurring sometime in 2007. It could very well be that they re-enter on the 10th anniversary of their departure!
Sep 14, 2015, 5:28 am
#314
Original Poster
Join Date: Jun 2006
Posts: 5,900
EI will get a whole new system to replace its 'Victorian'' one was the word used by a mate of mine who used to work in EI IT !
Sep 16, 2015, 2:43 am
#315
FlyerTalk Evangelist
Join Date: Mar 2008
Location: Netherlands
Programs: KL Platinum; A3 Gold
Posts: 28,748
Aer Lingus delists tomorrow as finishing touch to IAG takeover
Originally Posted by The Irish Independent
Tomorrow, Aer Lingus shares - floated to much fanfare by the then Fianna Fáil government - will be delisted from the stock exchanges in Dublin and London as IAG puts the finishing touches to its acquisition of the airline.