Ryanair lifts stake in Aer Lingus
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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 top three executives of Irish state airline Aer Lingus, set to depart their posts in May, plan to set up their own low cost airline, the Irish Times newspaper said on Friday.
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Ryanair will fly to seven new destinations from Italy&#39;s Orio al Serio airport as of next year and is to increase the number of aircraft based there, Europe&#39;s biggest low-cost airline says.
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Ryanair chief executive Michael O&#39;Leary launched a pre-emptive strike Tuesday against EU regulators blocking the Irish low cost carrier from taking over Aer Lingus, by vowing to appeal.
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Interest in orders for Airbus intensifies as the Paris air show gets under way, industry sources say.
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No-frills airline Ryanair beat forecasts with an 18 per cent jump in half-year profit after a strong summer and cheered investors yesterday with a surprisingly upbeat take on the full year.
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Airbus gains an order for 12 planes from Irish airline Aer Lingus, which is buying six A330s and six A350s.
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Ryanair's rise from humble origins to major player in the cut-throat European airline industry.
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Icelandair Group said Friday it has acquired 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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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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Europe's biggest low-cost carrier Ryanair 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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Shares in Australian flag carrier Qantas have jumped more than four percent amid expectations a takeover consortium is finally ready to formally table a multi-billion dollar offer for the airline.
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The FTSE 100 index has held firm in a tight range, supported by easier oil prices, which in turn boosted British Airways, while budget airline Ryanair jumped 11.
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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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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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BRUSSELS -- EU regulators blocked a hostile takeover bid by low-fare carrier Ryanair for Ireland's Aer Lingus yesterday, saying it would limit consumer choice and likely boost ticket prices.
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US investment manager Capital Group Companies Inc has increased its stake in the nation&#39;s largest carrier, Qantas Airways, to 10.