Company Watch - Aer Lingus.Nov 6, 2006 Aer Lingus Aer Lingus is Ireland's national airline. Based in Dublin, it operates 41 Airbus aircraft serving Europe, Africa, North America and the Middle East. The airline is 28% owned by the Irish government; it was floated on the Dublin and London Stock Exchanges on 2 October 2006, Aer Lingus is eyeing an expanded short-haul network. It announced this week additional frequencies and new destinations for its European network that will bring to 65 the number of short-haul routes it will operate for summer 2007. It will launch a five-times-weekly Cork-Manchester service in March and three-times-weekly service from Cork to both Madrid and Prague. Beginning in June it will commence new Dublin routes to Newcastle and Milan Malpensa and a thrice-weekly service to Athens. Flights from Dublin to Budapest, Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , Lisbon, Prague, Venice and Zurich will increase to daily. It will also expand frequencies from Dublin to Barcelona, Berlin, Bologna, Dubrovnik, Krakow, Madrid, Naples, Nice, Rennes, Riga and Seville and from Cork to Birmingham, Faro Faro, town, Portugal Faro (fä`rō), town (1991 pop. 31,966), capital of Faro dist. and of Algarve, S Portugal. The southernmost town in Portugal, it is a seaport from which fish, fruit (especially dried figs), wine, and cork are and London Heathrow. Nov 3, 2006 Aer Lingus Aer Lingus intends to add 26 long-haul flights per week following delivery of two new A330s in May and June that will boost its long-haul fleet to nine aircraft. "The arrival of two new long-haul aircraft next year marks the first phase of the long-haul expansion plan and gives Aer Lingus the opportunity to develop its presence in the US market," CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Dermot Mannion Dermot Mannion is the Chief executive officer of Aer Lingus, Ireland's national airline. Mannion was born in 1958 in Sligo, County Sligo, Ireland, one of eight children (four brothers and three sisters). He attended school at St. said in a statement. Nov 3, 2006 Aer Lingus Aer Lingus Trust Warns On Ryanair Bid. A trust for Aer Lingus staff shareholders said on Sunday it has begun polling its members on whether to accept a takeover bid by Ryanair, which it warns contains inaccuracies but has so far neither supported nor opposed. Nov 3, 2006 Aer Lingus Aer Lingus Urges Rejection Of Ryanair Bid. Ireland's Aer Lingus issued a detailed and forthright rejection of a takeover bid by low-cost rival Ryanair on Friday and urged its shareholders to snub an offer valuing it at EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.48 billion euros (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $1.9 billion). Nov 3, 2006 Aer Lingus Aer Lingus, which is the target of a hostile takeover Hostile Takeover A takeover attempt that is strongly resisted by the target firm. Notes: Hostile takeovers are usually bad news, as the employee moral of the target firm can quickly turn to animosity against the acquiring firm. by Ryanair, currently serves four destinations in the US and one in the Middle East. The announced expansion for next year contains an increase in frequencies on its current network, including boosting Dublin-New York JFK to twice-daily and Shannon-JFK to daily. Its Boston service will increase from 11 flights per week to two flights daily (one from Dublin and a second from Dublin via Shannon) and its flights to Chicago O'Hare will rise from daily to twice-daily (one nonstop from Dublin and the second from Dublin via Shannon). Dublin-Los Angeles will go from five flights weekly to a daily service and Dublin-Dubai from three to four weekly flights. Nov 3, 2006 Z Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Oct 30, 2006 |
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