Conor's Feed
Feb 6, 2013

Flybe, Ryanair seal deal on new Irish airline

LONDON/DUBLIN (Reuters) – British airline Flybe (FLYB.L: Quote, Profile, Research, Stock Buzz) has agreed to create a new carrier as part of a deal with Ryanair (RYA.I: Quote, Profile, Research, Stock Buzz) to satisfy regulatory concerns over the Irish carrier’s last-ditch bid to take over peer Aer Lingus (AERL.I: Quote, Profile, Research, Stock Buzz).

The new carrier, Flybe Ireland, would receive 100 million euros ($135 million) and nine aircraft from Ryanair and commit to operating 43 routes for at least three years if Ryanair’s Aer Lingus bid succeeds, Flybe said.

Feb 5, 2013

Ryanair seeks binding deals to allay EU on Aer Lingus

DUBLIN (Reuters) – Ryanair (RYA.I: Quote, Profile, Research, Stock Buzz) is seeking binding commitments from two rivals to compete with it as part of a last-ditch attempt to secure anti-monopoly approval for a takeover of smaller Irish rival Aer Lingus (AERL.I: Quote, Profile, Research, Stock Buzz), a source close to the deal said on Tuesday.

British Airways (ICAG.L: Quote, Profile, Research, Stock Buzz) and Flybe (FLYB.L: Quote, Profile, Research, Stock Buzz) have agreed in principle to increase their presence on the Irish market to allay concerns of the European Commission, Europe’s anti-monopoly watchdog, but Ryanair is seeking a binding commitment approved by their respective boards, the source said.

Jan 29, 2013

Central bank warns of threats to Irish recovery

DUBLIN, Jan 29 (Reuters) – Ireland’s central bank warned on
Tuesday that mortgage arrears and tough export markets had the
potential to throw the country’s recovery off track.

An elusive deal with Ireland’s international creditors on
restructuring bank debt would provide a confidence boost to a
country keen to emerge from an EU/IMF bailout, the central bank
added as it set out its latest economic forecasts.

Jan 28, 2013

Ryanair lifts profit forecast on resilient Northern Europe

DUBLIN (Reuters) – Ryanair (RYA.I: Quote, Profile, Research, Stock Buzz) hiked its full-year profit forecast on Monday as strong demand in Northern Europe lifted average fares dramatically in the last three months of 2012.

Dublin-based Ryanair, Europe’s top low-cost airline, which has used its size and low costs to undercut struggling flag carriers, hiked its profit forecast to 540 million euros ($728 million) for the year to March, up from an earlier 490-520 million euro range.

Jan 28, 2013

Ryanair lifts profit forecast on resilient N. Europe

DUBLIN, Jan 28 (Reuters) – Ryanair hiked its
full-year profit forecast on Monday as strong demand in Northern
Europe lifted average fares dramatically in the last three
months of 2012.

Dublin-based Ryanair, Europe’s top low-cost airline, which
has used its size and low costs to undercut struggling flag
carriers, hiked its profit forecast to 540 million euros ($728
million) for the year to March, up from an earlier 490-520
million euro range.

Jan 24, 2013

IRA Old Bailey bomber dies in Dublin

DUBLIN (Reuters) – Dolours Price, one of the Irish Republican Army (IRA) bombers convicted of the 1973 attack on London’s Old Bailey and later a vocal critic of Sinn Fein leader Gerry Adams, died in her home in Dublin overnight, a family friend said.

Price, along with her sister, served eight years of a life sentence in Britain for the car bombing outside the Old Bailey Central Criminal Court in London that wounded more than 200 people, part of an IRA campaign to try to force British forces from its province of Northern Ireland.

Jan 23, 2013

Ryanair closing in on major Boeing order -sources

DUBLIN, Jan 23 (Reuters) – Low-cost Irish airline Ryanair
is closing in on a deal to buy at least 150 Boeing
737 passenger jets and the contract could be signed
within weeks, industry sources said.

Ryanair said in a statement that a deal was unlikely to be
signed until later in the year at the earliest.

Jan 22, 2013

Indian jet repossession row could scare off funds -ILFC

DUBLIN, Jan 22 (Reuters) – One of the world’s largest
leasing firms has warned India the failure of troubled carriers
like Kingfisher Airlines to return airplanes when they cannot
pay their bills could put the country’s aviation growth at risk
by scaring away new funding.

ILFC, which owns over 900 aircraft and rents them out to
airlines for several years at a time, is the latest industry
player to clash with the Indian carrier, whose financial
difficulties have left its aircraft grounded since October.

Jan 22, 2013

Ireland defends aircraft leasing crown as Asia rises

DUBLIN, Jan 22 (Reuters) – A clique of veteran aviation
industry executives is fighting to maintain Ireland’s dominance
of the $170 billion aircraft leasing industry in the face of
strong competition from Asia.

With a skill set that runs from seizing planes from bankrupt
third-world airlines to negotiating multibillion-dollar deals
with Airbus and Boeing, a few dozen former
colleagues from now defunct GPA have ensured that one in every
five of the world’s passenger planes is managed from Ireland.
That equates to about half of the world’s 7,000 leased aircraft.

Jan 9, 2013

Ireland sells 1 billion euros of Bank of Ireland debt

DUBLIN/LONDON Jan 9 (Reuters) – Ireland has sold a larger
than expected 1 billion euros ($1.3 billion) of Bank of Ireland
debt, cutting its exposure to the bailed-out bank amid
growing confidence in the country’s economic recovery.

Private investors bought the 1 billion euros of contingent
capital notes, known as CoCo bonds, at a slight premium, beating
a target of at least 500 million euros.