Company Watch - Ryanair.Dec 11, 2006 Ryanair extended the deadline for its offer for 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, shares once again, this time to the afternoon of Dec. 22, lending credence to EI 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's acknowledgement at last week's Future of Air Transport conference in London that 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. is "not going anywhere anytime soon." Ryanair issued the extension yesterday despite the fact that valid acceptances have been received for just 4.96 million shares, representing 0.93% of the issued share capital of the recently privatized flag carrier. It already holds 25.2% of Aer Lingus. Dec 6, 2006 Ryanair's rising stake in Aer Lingus, Mannion said that EI accepts its fiduciary fiduciary (fĭd  `shēĕ'rē), in law, a person who is obliged to discharge faithfully a responsibility of trust toward another. responsibility to the LCC as it does to all of its shareholders, but stressed again that his airline wishes to remain independent. He told the conference that EI is second only to Ryanair in Europe in profitability margin, pointing out that the two have been competing on short-haul routes for 20 years or so. "We have dramatically changed our revenue strategy and dramatically reengineered our business model to compete with the best of the rest [of the] low-cost carriers A low-cost carrier or low-cost airline (also known as a no-frills or discount carrier / airline) is an airline that offers generally low fares in exchange for eliminating many traditional passenger services. ," he said. "Almost 80% of our selling activity is now online and we want to grow it well beyond that and probably close to 90% within the next 12 months." Dec 6, 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 Nov 13, 2006 |
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