Ryanair buys another six percent of Aer Lingus
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Europe's biggest low-cost carrier, Ryanair, has revealed that it owns more than a quarter of Aer Lingus after increasing its stake in Ireland's former state airline by 6.0 percent.
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A range of options for the future financing and ownership of Irish state airline Aer Lingus are being examined by the government, Prime Minister Bertie Ahern told parliament.
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Budget airline Ryanair pushes ahead with its Â£1bn bid for Aer Lingus, upping its holding in its Irish rival.
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The Airline Icelandair last night disclosed that it had bought an 8.4 per cent stake in easyJet, fuelling speculation that the budget airline may fall victim to a takeover bid.
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Budget airline Ryanair Holdings PLC has raised its stake in Irish rival Aer Lingus Group PLC to 25.2 percent in a renewed push to take over the recently privatized carrier, Ryanair's broker confirmed Wednesday.
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Aer Lingus reported a loss in 2006 because of a pension fund shortfall, higher fuel prices and the cost of repelling a takeover attempt by Ryanair. Aer Lingus, which found itself under siege by Ryanair almost immediately after listing on the Irish and British stock exchanges in September, reported a net loss of 69.9 million euros ($92 million) for the year that ended Dec. 31, in contrast to a profit of 88.9 million euros in 2005. Exceptional expenses included a 104 million euros ($137 million) payment to the employeesâ pension fund and 16 million euros ($21 million) to lawyers, stockbrokers and other advisers hired to thwart Ryanairâs bid. Fuel costs also rose by 75 percent, to 234 million euros ($308 million). Sales rose 11.3 percent.
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Easyjet&#39;s shares yesterday soared 21pc after Icelandair bought an 8.4pc stake worth Â£33.5m in the budget airline. It follows weeks of market speculation about a possible
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DUBLIN : Aer Lingus said that about 1,600 employees applied before a deadline for redundancy packages offered by the Irish state airline, which aims to reduce its workforce by 1,325 to 2,668 over three years.
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BERLIN, Oct 26  - Turkish Airlines signed a 2.8-billion-dollar (2.22-billion-euro) contract with Airbus here to purchase 36 planes here on Tuesday to bolster its ageing fleet.
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The airline Ryanair today outlined its plans for expansion at Luton Airport. There will be nine new European destinations from January, including Esbjerg in Denmark and Barcelona.
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Airbus landed another blow in its battle with rival aircraft maker Boeing with an order which could be worth up to $6bn (more than Â£3bn).
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Icelandair said it had bought an 8.4 percent stake in British low-cost carrier easyJet, describing the holding as a &quot;long-term trade investment.&quot;
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Icelandair Group said Friday it had bought an 8.4 percent stake in budget airline easyJet PLC, whose share price has soared during two days of hectic trading.
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The US aerospace giant signs a deal worth up to $7.2bn to supply 60 of its new Dreamliner airlines to six Chinese carriers.
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Shares of EasyJet Plc, Europe&#39;s second- biggest low-cost carrier, had their biggest percentage gain in more than 16 months after the Guardian reported that an Icelandic airline bought a 3 percent stake in the carrier.
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Turkish Airlines signed a 2.8-billion-dollar (2.22-billion-euro) contract with Airbus here to purchase 36 planes to bolster its ageing fleet.
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QANTAS Airways shares firmed yesterday following British Airway&#39;s sale of its 18.25 per cent stake in the carrier. BA&#39;s 336 million shares in Qantas were sold to Australian and international institutions at