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Company Watch - Ryanair.

Jun 4, 2007

The European Commission, in a highly unusual move, is expected to reject Ryanair's proposed purchase of rival Irish airline Aer Lingus, sources familiar with the situation said. The prohibition of Ryanair's unsolicited offer, originally valued at EUR1.48 billion euros (USD$2 billion), will be only the 20th in more than 3,000 cases reviewed by the European Union's executive arm since 1990, and the first since 2004. The competition department prepared a proposed decision to present to the full Commission before a July 4 deadline, after a market test found Ryanair's latest proposed remedies for competition problems were insufficient. Ryanair Chief Executive Michael O'Leary has said he would challenge the Commission in court if the deal were turned down. The decision runs to more than 300 pages in an effort to deal with issues that may end up in court, one of the sources said. May 31, 2007

The European Commission, in a highly unusual move, is expected to reject Ryanair's proposed purchase of rival Irish airline Aer Lingus, sources familiar with the situation said on Wednesday. May 30, 2007

Irish low-cost airline Ryanair said it had bought a further 27 Boeing 737-800 planes worth USD$1.9 billion at list prices. Ryanair said the planes were scheduled for delivery between September 2009 and March 2010, and take its 737s flying and on firm order to 308. Discounts are common on aircraft, but Ryanair Chief Financial Officer Howard Millar and Boeing officials declined to say what price the Irish airline would pay for each plane, which carries a sticker price of USD$66 million - USD$75 million. Ryanair is Europe's largest budget airline and a long-standing 737 customer. It has 137 flying and another 171 on order. Jun 1, 2007

Irish low-cost airline Ryanair said on Thursday it had bought a further 27 Boeing blended winglet-equipped 737-800 planes worth USD$1.9 billion at list prices, with deliveries scheduled from September 2009 through March 2010. Jun 1, 2007

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May 28, 2007
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Date:Jun 4, 2007
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