What the other papers say this morning October 31, 2012 FINANCIAL TIMES Small TNK-BP investors left in doubt Igor Sechin yesterday added to concerns about investor rights in Russia when the Rosneft chief executive said the state-controlled oil group had no obligation towards minority investors in TNK-BP. He was speaking as Rosneft moved ahead with plans to buy TNK-BP, Russia’s third-largest oil producer, in a [...]
Ryanair hopes to woo EU with compromise on Aer Lingus bid October 22, 2012 IRISH low-cost airline Ryanair has offered concessions to European Union antitrust regulators in a bid to secure regulatory clearance to acquire local rival Aer Lingus. Ryanair, whose most recent bid for Aer Lingus in June valued the firm at €694m (£566m), hopes to convince the European Commission that a takeover would not restrict competition on [...]
Ryanair bows out of Stansted Airport auction October 9, 2012 RYANAIR yesterday dropped its efforts to buy a stake in Stansted, blaming the airport’s owner Ferrovial for refusing to engage. The budget carrier has written to all of its potential bidding partners to withdraw from the process, citing “Ferrovial’s decision to exclude Ryanair from the Stansted sale”. Ryanair had been looking to take a 25 [...]
EasyJet, Ryanair and IAG are helped by post-Games boost October 3, 2012 EASYJET shares soared 3.5 per cent yesterday after it raised its profit forecasts thanks to a jump in post-Olympic traffic. The budget carrier’s chief executive Carolyn McCall said demand from London “increased towards the upper end of expectations” after the Games, helping to lift its pre-tax profits to between £310m and £320m for the year [...]
Ryanair carries enough fuel September 20, 2012 ■ Aviation watchdogs have cleared Ryanair of breaching safety rules after three emergency landings in Valencia in July, but recommended that the airline and the Spanish authorities review their fuel policies. The planes were carrying sufficient fuel when they departed from Madrid, but after diversions during thunderstorms made Mayday calls as fuel dropped close to [...]
Puglia takes on the family challenge September 9, 2012 IT’S ONE of those dilemmas that make you bone-deep thankful to be born in the twenty-first century, austerity notwithstanding. Two hundred years ago my ancestors faced problems like: “Will I be transported to a hellish penal colony if I steal that pie to feed my children?”. One hundred years ago: “Those Germans are looking feisty, [...]
easyJet to switch to allocated seating September 5, 2012 Budget carrier easyJet said today it would roll out allocated seating across its network from November following a successful trial this summer. Europe’s second-largest low-cost carrier after Ryanair had tested the new system across five per cent of its network during the peak season with 70 per cent of passengers preferring it to easyJet’s current [...]
Ryanair bullish on Aer Lingus September 4, 2012 RYANAIR chief executive Michael O’Leary believes he can make a deal with competition authorities to clear the way for his takeover of rival airline Aer Lingus. O’Leary told reporters yesterday: “We are confident that the remedies package will be enough to satisfy competition issues. “There are 46 cross over routes and we will remedy all [...]
Ryanair confident on Aer Lingus bid September 4, 2012 Ryanair is confident it can allay competition concerns about its latest bid for rival Aer Lingus, its chief executive said today, adding the budget airline was also seeking no more than a 25 per cent stake in Stansted Airport. Ryanair launched its third offer in five years for Irish rival Aer Lingus in June, a [...]
Ryanair bid for Aer Lingus stalls as Europe opens antitrust probe August 29, 2012 THE EUROPEAN Commission has put the brakes on Ryanair’s latest takeover bid for Aer Lingus by opening an in-depth competition probe. The investigation means Ryanair’s €694m (£549.5m) offer for its Irish rival lapses, though the airline said it plans to make a new bid for Aer Lingus if it gets clearance from Brussels. The Commission, [...]