Company Watch - Ryanair.Dec 31, 2006 Ryanair shelved, at least temporarily, its plan to acquire 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, following the European Commission's decision to refer its hostile [euro]1.48 billion ($1.95 billion) takeover offer to a Phase II investigation, which can take 3-5 months. The LCC (Leadless Chip Carrier, Leaded Chip Carrier) See leadless chip carrier, CLCC and PLCC. 1. LCC - Language for Conversational Computing. Written at CMU in the 1960's. said that owing to owing to prep. Because of; on account of: I couldn't attend, owing to illness. owing to prep → debido a, por causa de the EU regulatory investigation, its offer automatically lapsed under takeover rules, yet it added that it intends to make a further offer for its smaller competitor if the EC clears the bid after its Phase II review. The offer was set to expire today. Dec 22, 2006 Ryanair announced the launch of six new routes and the cancellation of six others next year. Additions are thrice-weekly Girona-Cagliari service from March 27, thrice-weekly Bremen-Malaga from April 3, four-times-weekly Brussels Charleroi-London Stansted from June 1, four-times-weekly Valladolid-Milan Orio al Serio Orio al Serio is a comune (municipality) in the Province of Bergamo in the Italian region of Lombardy, located about 45 km northeast of Milan and about 4 km southeast of Bergamo. As of 31 December 2004, it had a population of 1,671 and an area of 3.0 km². from March 2, thrice-weekly Pisa-Cagliari from Jan. 16 and daily Rome Ciampino-Madrid starting March 1. Closing city-pairs will be Frankfurt Hahn-Billund on Jan. 9, Liverpool-Kerry and Pisa-Friedrichshafen on Jan. 16, HHN-Shannon and Newcastle-Oslo Sandefjord on March 24 and CRL-Salzburg on April 16. Dec 18, 2006 Ryanair appears to be making a last push to convince El shareholders to accept its offer, which it said is "generous" and will not be increased. The letter from Ryanair 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. Michael O'Leary Michael O'Leary is the name of a number of prominent people:
Ryanair sent a comprehensive letter to all Aer Lingus shareholders Friday urging them to approve the LCC's [euro]2.80 ($3.70)-per-share takeover bid Noun 1. takeover bid - an offer to buy shares in order to take over the company two-tier bid - a takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares before a Dec. 22 deadline. Ryanair investors voted overwhelmingly to back the takeover at an extraordinary general meeting of shareholders last week. Dec 18, 2006 Ryanair transported 3.16 million passengers in November, a 15% increase over the year-ago month. Load factor was down 2 points to 79%. Dec 18, 2006 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 Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Dec 18, 2006 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion