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Company Watch - Ryanair.


Sep 17, 2007

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,  said the appeal filed by Ryanair over its proposed takeover would fail, as the EU Commission concluded that the deal presented monopoly concerns. Ryanair said on Monday it had lodged an appeal with the European Court European Court could mean:
  • the European Court of Justice (ECJ), an institution of the European Union (EU) for the resolution of disputes under EU law, based in Luxembourg.
 of First Instance against a decision by the EU Commission authorities to block its bid for its fellow Irish airline. Sep 11, 2007

European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community  launched a formal investigation into support that would have been granted by the Sardinia Region and SOGEAAL, the publicly owned Publicly owned can refer to:
  • Public company, a company which is permitted to offer its securities (stock, bonds, etc.) for sale to the general public, typically through a stock exchange
  • Public ownership, of government-owned corporations
 company operating Alghero Airport, to various air carriers and by the Sardinia Region to SOGEAAL itself. The EC said its investigation will focus on agreements between SOGEAAL and Ryanair concerning marketing support and other contributions, handling fee rebates apparently granted to LCCs serving the airport, and financial support and compensation granted to SOGEAAL for its operating losses and a capital increase. Sep 13, 2007

Ryanair cited Aer Lingus' 58% first-half profit drop and its abandonment of its Shannon-London Heathrow service as signs the flag carrier has been reduced to a "small, peripheral regional airline." 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 it was "confident" the decision would be overturned since it promised to maintain separate brands and competition, reduce EI's costs and guarantee annual fare savings of [euro]100 million. "This merger, which accounts for less than 5% of the EU air transport market, was clearly pro-competition," Callaghan argued. Sep 11, 2007

Ryanair yesterday said it submitted its appeal against the EU's "unlawful and politically motivated" decision to bar the LCC's acquisition of Aer Lingus to the European Court of First Instance in Luxembourg. "We are confident that the CFI CFI
abbr.
cost, freight, and insurance
 will overturn this decision in the interests of consumers and the competitiveness of the industry. As always with the European Commission, there seems to be one rule for the national megacarriers and a completely different one for Ryanair," Head of Regulatory Affairs Regulatory Affairs (RA), also called Government Affairs, is a profession within regulated industries, such as pharmaceuticals, medical devices, energy, and banking. Regulatory Affairs professionals usually have responsibility for the following general areas:
 Jim Callaghan said. Sep 11, 2007

Low-cost carrier 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.  Ryanair this week stepped into Alitalia's backyard saying it was ready to launch 80 routes from Milan airports 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. , where it already operates, and Malpensa, a new departure, with planes worth more than 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 billion from its fleet. Transport Minister Alessandro Bianchi said on Saturday the ministry is to hold a Monday meeting to discuss Alitalia slots at Malpensa, adding it would be "silly" not to consider Ryanair's offer. Sep 16, 2007

Ryanair management is set to discuss the plan with executives from Milan airports operator SEA on Friday in Dublin. The Dublin-based airline said it was ready to fill the gaps that Alitalia might abandon, though Alessia Viviani, Ryanair's head of marketing in Italy, said it was too early to say whether it would try to buy slots from Alitalia. State-controlled Alitalia announced a survival plan in August that included scaling back its presence at Malpensa. Alitalia has hubs at Malpensa and Rome's Fiumicino. Sep 13, 2007

Ryanair said on Sept 13 it was ready to launch 80 routes from two Milan airports, stepping in as struggling Alitalia cuts back in Italy's industrial heartland. Europe's biggest low-cost carrier is prepared to use an additional 12 Boeing 737 at Milan's Malpensa airport and another six at Serio airport in Bergamo, company spokesman Peter Sherrard told a news conference. The expansion would be in reaction to Alitalia's plans to nearly halve its 340 daily flights from Malpensa, Sherrard said. At Malpensa, Ryanair would launch 50 European flights and 10 to Italian destinations, he said. Sep 13, 2007

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Date:Sep 17, 2007
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