The government to consider selling the airports

17-04-2011 01:50PM

MIN2511 wrote: »

No to the sale then.... That's ridiculous!

What.

Seriously flawed logic.

17-04-2011 01:51PM

The_Thing wrote: »

Only an arrogant tosser like him would think he's above the law - the EU had to have a word with him over his attempted refusal to pay his passengers compensation to which they were due under the law.

The man can be as arrogant as he wants to be.. He's an absolute legend. Anyone who thinks otherwise is out of touch with reality.

opinion guy · 17-04-2011 01:54PM

Ok question.

How much money do the airports actually make ?

Biggins · 17-04-2011 02:12PM

orourkeda wrote: »

Perhaps stopping Michael O'Leary from at least launching a bid would be financially prohibitive given our nations current predicament

Yes - but on what legal basis is anyone allowed say "You in particular are not allowed to bid but others in similar businesses can!"

...Add to that the Irish and European Equality laws which would come into force related to fair open business practise.

Not a just a direct question to yourself orourkeda but open question.
I have studied business and company law full time for over a year and I cannot see the man being stopped from bidding on an equal basis without holy hell breaking lose in the Irish and European courts.

Daegerty · 17-04-2011 02:48PM

Biggins wrote: »

Yes - but on what legal basis is anyone allowed say "You in particular are not allowed to bid but others in similar businesses can!"

...Add to that the Irish and European Equality laws which would come into force related to fair open business practise.

Not a just a direct question to yourself orourkeda but open question.
I have studied business and company law full time for over a year and I cannot see the man being stopped from bidding on an equal basis without holy hell breaking lose in the Irish and European courts.

competition law, abuse of dominance and all that oul malarky maybe. not sure if it applies to Michael though, how much market share does the fecker have?

minidazzler · 17-04-2011 02:49PM

Killer Pigeon wrote: »

The whole thing whiffs of that Thatcher hag.

In before Enda says there is no society.

Biggins · 17-04-2011 02:53PM

Daegerty wrote: »

competition law, abuse of dominance and all that oul malarky maybe. not sure if it applies to Michael though, how much market share does the fecker have?

Those would relate to monopoly laws of the country for sure but as Mr Leary has not been going around snapping up European airports (that we know of!) I can't see on that basis, the government stopping him from bidding.

My name is URL · 17-04-2011 03:17PM

Deleted User wrote: »

The man can be as arrogant as he wants to be.. He's an absolute legend. Anyone who thinks otherwise is out of touch with reality.

Anyone who doesn't agree that he's a legend is out of touch with reality?

He's certainly a successful businessman, but he's abrasive, conniving and totally self-serving. He's known to have lied on various occasions and was found to have misrepresented a judges remarks in official correspondence with the state.

I don't know what criteria people use to define legends, but they're obviously not the same as the ones I use. It never ceases to amaze me how people say they'd love to see O'Leary running the country.

Biggins · 17-04-2011 03:22PM

My name is URL wrote: »

Anyone who doesn't agree that he's a legend is out of touch with reality?

He's certainly a successful businessman, but he's abrasive, conniving and totally self-serving. He's known to have lied on various occasions and was found to have misrepresented a judges remarks in official correspondence with the state.

I don't know what criteria people use to define legends, but they're obviously not the same as the ones I use. It never ceases to amaze me how people say they'd love to see O'Leary running the country.

Another Bertie, Haughty, etc in all but name and looks!

markpb · 17-04-2011 03:23PM

opinion guy wrote: »

Ok question.

How much money do the airports actually make ?

Last year, Dublin made 35m, Cork lost more than 10m and Shannon lost more than 5m. (link)

17-04-2011 03:29PM

My name is URL wrote: »

Anyone who doesn't agree that he's a legend is out of touch with reality?

He's certainly a successful businessman, but he's abrasive, conniving and totally self-serving. He's known to have lied on various occasions and was found to have misrepresented a judges remarks in official correspondence with the state.

I don't know what criteria people use to define legends, but they're obviously not the same as the ones I use. It never ceases to amaze me how people say they'd love to see O'Leary running the country.

Totally Ryanair-Serving.
To his own public detriment sometimes.

In terms of business / economics / strategy the guy couldn't have gotten more things right even if he had have had the benefit of hindsight. If you look at his role, the CEO of an Airline, and see how much more than that he is and has been, and how it has helped and transformed his company, then it's pretty easy to think of him as a legend.

Gunmonkey · 17-04-2011 03:33PM

phasers wrote: »

Let's all throw in a few quid and buy The After Hours International airport

How about "Atari Jaguar International Airport"

17-04-2011 03:35PM

My name is URL wrote: »

Anyone who doesn't agree that he's a legend is out of touch with reality?

He's certainly a successful businessman, but he's abrasive, conniving and totally self-serving. He's known to have lied on various occasions and was found to have misrepresented a judges remarks in official correspondence with the state.

I don't know what criteria people use to define legends, but they're obviously not the same as the ones I use. It never ceases to amaze me how people say they'd love to see O'Leary running the country.

Agree to disagree so.. I think he's a legend for bringing cheap travel to all of Europe and for his business expertise.

You think the country would have such a hole in it he was in charge? Not a hope.. Primary school teachers and farmers are running the country. It never ceases to amaze me how people doubt that O Leary would to a better a job of it.

BEASTERLY · 17-04-2011 03:35PM

Seriously hope this doesnt go ahead, privatization always ends horribly in ireland. Look at where eircom is today

MagicMarker · 17-04-2011 03:39PM

Erm, even if MOL were to bid, where would he get the money from? Oh that's right, Irish banks (presumably).

Me thinks not.

17-04-2011 03:41PM

MagicMarker wrote: »

Erm, even if MOL were to bid, where would he get the money from? Oh that's right, Irish banks (presumably).

Me thinks not.

Probably from backers who would jump at the chance to loan MO'L money.

That being said, the only way that MO'L would be involved in the sales is if there's a chance that it is beneficial to his company, and that it would be a profitable exercise.

Which I think might be a stretch....

Kinetic^ · 17-04-2011 03:42PM

I don't think selling them is the right way to go. I'd put the running of the airports up for tender though. Keep the assets in the country's name, unlike the Eircom debacle.

MagicMarker wrote: »

Erm, even if MOL were to bid, where would he get the money from? Oh that's right, Irish banks (presumably).

Me thinks not.

I'd imagine he'd have no problem getting funding from any bank in the world.

17-04-2011 03:42PM

Why presume Irish banks? O Leary could get a loan of the Greeks if he looked for it.

jetsonx · 17-04-2011 03:51PM

If the sale of Irish airports purges the DAA of the incompetent Fianna Fail cronies that are on it's board...I think its a great idea.

Cosmo Kramer · 17-04-2011 04:06PM

Daegerty wrote: »

No. I'd be fierce disappointed if they sold Knock. but it looks like they only want to sell the main 3. I say good riddance

You do realise that if the Government wanted to sell Knock they would actually need to buy it first?

plein de force · 17-04-2011 04:15PM

everything touched by government hands always fcuks up or doesn't work so with private involvement maybe this could work?

opinion guy · 17-04-2011 04:24PM

markpb wrote: »

Last year, Dublin made 35m, Cork lost more than 10m and Shannon lost more than 5m. (link)

Ok so those figures aren't so big in the picture of 100billion debt or whatever it is. What value then would the airports be worth ? Only worthwhile to sell them if it makes a dent in our debt.

BEASTERLY wrote: »

Seriously hope this doesnt go ahead, privatization always ends horribly in ireland. Look at where eircom is today

???
You don't get the point. Who gives a crap about eircom (and before you start going on about shares I was one of those stung by it. I took a risk and it backfired - thats the game of sharetrading). I do know this - i have better IT and mobile phone services since competition came in. Privatisation of telecoms seems like it was very good for the consumers. Thats the point. THe government made cash out of it. Also the point. The fact the eircom are in ths ****s now is irrelevant

omg a kitty · 17-04-2011 04:24PM

plein de force wrote: »

everything touched by government hands always fcuks up or doesn't work so with private involvement maybe this could work?

Oh like Eircom??

Mike 1972 · 17-04-2011 04:35PM

Deleted User wrote: »

Agree to disagree so.. I think he's a legend for bringing cheap travel to all of Europe

Credit for that one should go to the EU dor deregulating the European airline market.

O Leary was just a guy with a lot of money who happened to be in the right place at the right time. If he hadnt done it Branson or Easyjet would have stepped in.

17-04-2011 04:55PM

Mike 1972 wrote: »

Credit for that one should go to the EU dor deregulating the European airline market.

O Leary was just a guy with a lot of money who happened to be in the right place at the right time. If he hadnt done it Branson or Easyjet would have stepped in.

"If my Aunt had bollocks, she'd be my Uncle"

Facts >>>>>>>>>>>>>>>>>>>> Speculation

Eric Cartman · 17-04-2011 05:33PM

whatever about privatising would they ever just close shannon, theres no point in keeping it open, its just a money pit

markpb · 17-04-2011 06:10PM

Mike 1972 wrote: »

Credit for that one should go to the EU dor deregulating the European airline market. O Leary was just a guy with a lot of money who happened to be in the right place at the right time. If he hadnt done it Branson or Easyjet would have stepped in.

A lot of money? What are you talking about he started off as an employee of Ryanair. And when he did, Ryanair was losing money hand over first.

vampire of kilmainham · 17-04-2011 06:11PM

ilovesleep wrote: »

The irish times reports that the government is to consider selling the airports in an effort to raise funds for the country.

Here is hoping they consider selling RTE and bus eireann too.

dont worry they will sell everything now to make a buck the country is fcuked europe own us now and the rest of the world is laughing at us and the shower that are in now are no better then the other crowd just there for power and wealth fcuk sake dont make me laugh:eek:

questionmark? · 17-04-2011 06:15PM

Eric Cartman wrote: »

whatever about privatising would they ever just close shannon, theres no point in keeping it open, its just a money pit

No point in closing it. Sell it to Ryanair and that place will be booming in no time. Keep Dublin and Cork in Government hands(semi-state I know) but split them up and let them compete.

vampire of kilmainham · 17-04-2011 06:18PM

The_Thing wrote: »

If Con RyanAir's miser-in-chief buys our airports I will get a ferry to the UK and fly with one of his competitors to and from my destination from there.

I will never give a cent to that arrogant tosser.

borrow talk

The government to consider selling the airports

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