Ryanair in Â£1bn Aer Lingus offer
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Budget airline Ryanair launches a 1.48bn euros (Â£1bn) bid to buy Irish carrier Aer Lingus.
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Irish airline Aer Lingus prices its initial public share offering at 2.20 euros, valuing the firm at 1.13bn euros.
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The Irish low-fare airline started a hostile bid for the Aer Lingus Group, in a move that could bring the budget carrier to the U.S.
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Low-cost carrier Ryanair is to invest â¬240 million to create its 12th major European base at Shannon Airport, Ireland, it emerged today.
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Airbus inflamed the transatlantic trade dispute with Boeing yesterday by declaring that it would apply for up to â¬1bn (Â£690m) in launch aid for its proposed
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Defence firm BAE Systems agrees to sell its 20% stake in plane firm Airbus to EADS for Â£1.87bn.
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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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Luton, Cardiff and Belfast International airports are to fall into the hands of a Spanish toll motorways operator through a Â£551m takeover of the aviation group TBI by a Barcelona-based Abertis Infrastructure.
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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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Irish low-budget airline Ryanair has said that it had signed a deal that would allow passengers to begin using mobile phones during flights next year.
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A staff trust holding over 12 percent of the shares of Aer Lingus have delivered a 97 percent rejection of the hostile takeover bid for the airline from Europe's biggest low-cost carrier Ryanair, according to a statement.
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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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A new twist to the even split of US flights between Shannon and Dublin is set to open up competition on two routes for Aer Lingus from its former Statesside ally.
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Aer Lingus considers a Belfast base which would mean up to 1,000 new jobs and 15 fresh European routes.
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An online auction of tickets for the first commercial A380 flight is nearing an end, with one bidder spending S$153,000 (US$101,514) for a first-class seat on the Singapore AirlinesÂ flight.
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Irish state airline Aer Lingus plans to reduce its workforce by 1,325 to 2,668 over the next three years, according to a new business plan published.
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Luton Airport was bought by the Spanish yesterday as part of a Â£551m takeover deal which will net the men who run it almost Â£60m.