Ryanair announce cash (1.30 per share) takeover offer for Aer Lingus

coylemj · 19-06-2012 06:40PM #1

Just announced on RTE Drivetime.

flanzer · 19-06-2012 06:52PM

coylemj wrote: »

Just announced on RTE Drivetime.

Taking this bid with a mountain of salt. Can't see anyone bidding with the pension problems, particularly not Ryanair. Maybe they suspect a bid from the middle east and are setting their stalls out early.

Then there's the EU competitions authority investigation.

This just smells of Ryanair playing games

my friend · 19-06-2012 06:56PM

BA and Iberia

Air France and KLM

only dumb politicians can stop Ryanair and Aer Lingus

EU cannot hide behind the same ol excuses anymore, in fact RY should sue them....

Stinicker · 19-06-2012 06:59PM

Millions of Euro of free advertising? It would be a cold day in hell before I'd ever allow MOL to take control of Aer Lingus, surely there has to be some anti-competitive legislation in place to stop them from succeeding in destroying Aer Lingus.

Chucken · 19-06-2012 07:01PM

http://www.irishexaminer.com/breakingnews/business/ryanair-makes-694m-cash-offer-for-aer-lingus-555939.html

http://www.thelawyer.com/oft-refers-ryanair-stake-to-the-competition-commission/1012999.article

Hannibal · 19-06-2012 07:18PM

They could be forced to sell their existing share soon by competition authoritys, so by announcing this new bid they're driving up the share price if they're forced to sell.

Bearcat · 19-06-2012 07:26PM

Smoke and mirrors stuff that we will never be party to. MO'L maybe playing a game of high brinkmanship snuffing a potential bidder out of the long grass.

Interesting times again.

19-06-2012 07:36PM

I hope this doesn't happen, I absolutely despise Ryanair and Michael O'Leary.

cgarrad · 19-06-2012 07:52PM

Please times a thousand let this happen.

€10 to New York here we come.

Flown twice with AL recently. Both times were awful. Hope he guts them to the core

Milan Cobian · 19-06-2012 08:02PM

cgarrad, you're understanding of fundamental economics seems a bit limited. Come back again when it's improved. I particularly suggest you study the relationship between supply, demand and pricing elasticity.

KCAccidental · 19-06-2012 08:05PM

cgarrad wrote: »

Please times a thousand let this happen.

€10 to New York here we come.

Flown twice with AL recently. Both times were awful. Hope he guts them to the core

With BMI being subsumed into BA I wonder how much longer they will do the the Dublin-Heathrow route?

if Ryanair were to buy AL we'd be left with one carrier monopolizing our busiest routes.

just like the good old days

In reality, I'd imagine this is MOL setting his stall out for getting maximum value for Ryanair shares in AL when Etihad or someone else come in and buy them out.

coylemj · 19-06-2012 08:07PM

cgarrad wrote: »

Please times a thousand let this happen.

€10 to New York here we come.

Yes, that will probably be Buffalo New York (300 miles from Manhattan) and the additional charges will ramp it up to €300.

As a point to point airline, Ryanair's first step will be to sell off the Heathrow slots and then we'll have to fly to Schipol or Dubai to make connections to the rest of the world.

No airport on the east coast with a runway long enough to handle transatlantic traffic will put up with the crap that MOL gets away with in Europe.

cgarrad · 19-06-2012 08:24PM

Milan Cobian wrote: »

cgarrad, you're understanding of fundamental economics seems a bit limited. Come back again when it's improved. I particularly suggest you study the relationship between supply, demand and pricing elasticity.

Air Baltic
Air Canada
Air France
Air Transat
American Airlines
Blue Air
bmi
CityJet
Delta
Emirates
Etihad Airways
Flybe
Germanwings
Iberia
Lufthansa
Norwegian Airlines
Ryanair
S7
SAS
SATA
Swiss Airlines
Turkish Airlines
United
US Airways

All service Dublin.

Ryanair have a monopoly on several routes from Dublin but the fares are similar.

zone 1 · 19-06-2012 08:26PM

So if Ryanair did buy Aerlingus who is the other airline going to be to rival them both. will prices be like they were when AL were the Major airline in Ireland.

cgarrad · 19-06-2012 08:28PM

coylemj wrote: »

Yes, that will probably be Buffalo New York (300 miles from Manhattan) and the additional charges will ramp it up to €300.

As a point to point airline, Ryanair's first step will be to sell off the Heathrow slots and then we'll have to fly to Schipol or Dubai to make connections to the rest of the world.

No airport on the east coast with a runway long enough to handle transatlantic traffic will put up with the crap that MOL gets away with in Europe.

Yawn, any facts to back that up??

KCAccidental · 19-06-2012 08:28PM

cgarrad wrote: »

Air Baltic
Air Canada
Air France
Air Transat
American Airlines
Blue Air
bmi
CityJet
Delta
Emirates
Etihad Airways
Flybe
Germanwings
Iberia
Lufthansa
Norwegian Airlines
Ryanair
S7
SAS
SATA
Swiss Airlines
Turkish Airlines
United
US Airways

All service Dublin.

Ryanair have a monopoly on several routes from Dublin but the fares are similar.

only bmi and ryanair serve the main london airports from Dublin in that list. These are the important, heavily used routes. Heathrow remains an important hub for international travel from Dublin and other Irish airports. Competition is extremely important to keep the prices down.

If Ryanair buy out AL then the slots at Heathrow will most likely be sold leaving Dublin with one carrier (possibly, depends on BA) being able to dictate prices on customers who have little or no other choice.

its just bad news all round.

coylemj · 19-06-2012 08:35PM

cgarrad wrote: »

Yawn, any facts to back that up??

Can you supply 'facts' to back up your prediction of a €10 Ryanair fare to New York?

Yawn away, you're speculating just like the rest of us.

Drop the snooty attitude.

cgarrad · 19-06-2012 08:40PM

http://www.rte.ie/news/2007/0412/ryanair.html

Not snooty, just bored with the usual tripe about Ryanair being rehashed...

kona · 19-06-2012 08:41PM

cgarrad wrote: »

Please times a thousand let this happen.

€10 to New York here we come.

Flown twice with AL recently. Both times were awful. Hope he guts them to the core

lol :pac: you mustnt fly much.

Terrontress · 19-06-2012 08:41PM

As well as the Heathrow slots, would FR be interested in the value of EI's ETOPS certification? I don't see why transatlantic air travel should only come from FRA, CDG, LHR and if there is anyone to deliver transatlantic travel to and from regional airports, it's Ryanair.

cgarrad · 19-06-2012 08:52PM

kona wrote: »

lol :pac: you mustnt fly much.

Unfortunately I do

cgarrad · 19-06-2012 08:54PM

Terrontress wrote: »

As well as the Heathrow slots, would FR be interested in the value of EI's ETOPS certification? I don't see why transatlantic air travel should only come from FRA, CDG, LHR and if there is anyone to deliver transatlantic travel to and from regional airports, it's Ryanair.

Hopefully, Europe is done and dusted for them now, its only continuing rolling out the established format. If only he could get a few A380's.

kona · 19-06-2012 09:09PM

cgarrad wrote: »

Hopefully, Europe is done and dusted for them now, its only continuing rolling out the established format. If only he could get a few A380's.

Hed be doing well to get a fully loaded A380 out of some of the places he flies out of.

Xpro · 19-06-2012 09:15PM

At the minute Ryanair is the most profitable airline in Europe. They have the funds, they already own 30% of the shares, so its not all talk. Goverment wants out, so cards are on the table.
I would hate to see Aerlingus becoming a tight airline like Ryanair, i like them alot, and i flew many many times with them and it was always a pleasant experience.
But then again, if Ryanair could maintain Aerlingus the way they are,but improve them, improve the fleet,get more jobs,etc,etc i would like to see that move.

Stimpyone · 19-06-2012 09:32PM

Christ I hope this is just more BS from MOL. I travel out of DUB at least once a week to various parts of Europe and I detest traveling with Ryan Air.

I would gladly fly to Heathrow and drive to an appointment in Cambridge rather than fly to Stansted with FR.

wonkus · 19-06-2012 10:07PM

Nobody wants FR to buy EI but who else would buy it and what would they do with it!!?

FR in my opinion is the best option, personally I would give EI to O'Leary!

Plowman · 19-06-2012 10:33PM

This post has been deleted.

cgarrad · 19-06-2012 10:46PM

kona wrote: »

Hed be doing well to get a fully loaded A380 out of some of the places he flies out of.

For their new transatlantic routes....

vicwatson · 19-06-2012 10:50PM

I couldn't sit for 7, 8, 11 hours to the USA in one of those canary yellow cramped interiors, hard enough to do it from Dublin to Stansted.

Imagine the claims from relatives over DVT (deep vein thrombosis) cases :eek::eek:

Never mind the ignoramus staff.

lintdrummer · 19-06-2012 10:51PM

It's important to remember that Ryanair's current shareholdings in Aer Lingus are already under investigation by the Competition Commission in the UK so a further acquisition is highly unlikely.
Also, lol at the link to a 5 year old article about MOL's plans for a transatlantic sister airline offering €10 flights. I find it hard to believe that there are people out there who still don't understand how the man operates.

cgarrad · 19-06-2012 11:05PM

vicwatson wrote: »

I couldn't sit for 7, 8, 11 hours to the USA in one of those canary yellow cramped interiors, hard enough to do it from Dublin to Stansted.

Imagine the claims from relatives over DVT (deep vein thrombosis) cases :eek::eek:

Never mind the ignoramus staff.

Ryanair and Aer Lingus have the same seat pitch, 30"

Ryanair announce cash (1.30 per share) takeover offer for Aer Lingus

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