Ryanair says plans $1.9 bln bid for Aer Lingus
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Europe's biggest budget airline Ryanair   unveiled plans for a 1.48-billion-euro ($1.9 billion)  bid for Aer Lingus  on Thursday and said it had bought  a 16 percent stake in the rival Irish airline.
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The European Commission has blocks low-cost airline Ryanair from making a bid for Ireland's Aer Lingus.
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Ryanair Holdings PLC, Europe's largest discount airline, launched a takeover bid Thursday for its Irish rival, Aer Lingus Group PLC, in a deal that would value the formerly state-owned carrier at 1.48 billion euros ($1.88 billion).
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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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The boss of Aer Lingus confirms that its Irish rival and hostile suitor Ryanair has increased its stake in the firm to 25%.
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Workers at Ireland&#39;s state-owned airline, Aer Lingus, offered to bail out of their jobs Friday in exchange for a generous payoff.
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LONDON - US tycoon Malcolm Glazer has told the board of English Premier League soccer team Manchester United that he plans a new $1.56 billion (800 million pound) takeover offer, a source familiar with the matter said on Sunday.
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Air France said Monday it is considering a tie-up with Spanish carrier Iberia among other options.
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French airline Air France-KLM said Wednesday that it was open to takeover talks with Italy&#39;s troubled Alitalia carrier, which is seeking a buyer, and with Iberia of Spain.
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Australia's national carrier Qantas Airways was expected to announce it has accepted an improved takeover offer worth around 8.7 billion US dollars from a private equity consortium, reports said.
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Aer Lingus employees reject a takeover approach from Ryanair dealing a new blow to the no-frills airlines plans.
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The European Commission is likely to launch a competition probe this week into the hostile takeover bid of part-privatised Irish airline Aer Lingus by its low-cost compatriot Ryanair, sources close to the matter said.
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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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ROME/MILAN  - Air France-KLM  has bid 35 euro cents per share for ailing Italian airline Alitalia  while an offer from domestic carrier Air One is one euro cent per share, a source close to the talks said on Friday.
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British Airways Plc, Europe&#39;s second- biggest airline, is selling its A$1.1 billion ($763 million) stake in Qantas Airways Ltd.
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Ryanair is reportedly set to muscle in on rival easyJet's operations from Liverpool.
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Ryanair Holdings PLC, Europe's largest discount airline, launched a surprise takeover bid Thursday for Irish rival Aer Lingus Group PLC in a deal that would value the formerly state-owned carrier at 1.48 ...Comment