Conor's Feed
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.

Dec 11, 2012

Irish regulator calls for rethink of financial crime law

DUBLIN, Dec 11 (Reuters) – Ireland’s Financial Regulator
called for a re-evaluation of financial crime laws, saying
delays in prosecuting those involved in the collapse of the
banks were undermining public confidence.

No-one has so far been jailed for their part in a banking
failure which led to a bailout involving more than 60 billion
euros ($77.6 billion) of taxpayers’ money – equivalent to 40
percent of GDP – and high-profile prosecutions of the heads of
Irish Nationwide and Anglo Irish Bank have dragged on
for years.

Dec 6, 2012

Russia, U.S. to seek “creative” Syria solution: envoy

DUBLIN (Reuters) – Russia and the United States will seek a “creative” solution to drag Syria back from the brink, the international mediator on Syria said on Thursday after meeting U.S. Secretary of State Hillary Clinton and Russian Foreign Minister Sergei Lavrov.

The comments by Lakhdar Brahimi, who called the unscheduled meeting on the sidelines of a Dublin conference, suggested a new coordination among the major powers might be emerging on Syria after months of sometimes bitter disagreement.

Dec 5, 2012

Ireland says on road to recovery with latest budget

DUBLIN, Dec 5 (Reuters) – The Irish government tested the
economy and a long-suffering public with a new 3.5 billion euro
dose of austerity on Wednesday, though better service sector and
jobless data helped to soften the blow.

Bailed-out Ireland has begun its return to bond markets and
is one of few euro zone countries to keep eking out mild growth,
but with one of the highest budget deficits in Europe, it now
faces further harsh spending cuts and tax hikes.

Dec 4, 2012

Student group takes Facebook privacy gripes to court

VIENNA/DUBLIN (Reuters) – An Austrian student group plans to go to court in a bid to make Facebook Inc, the world’s biggest social network, do more to protect the privacy of its hundreds of millions of members.

Campaign group europe-v-facebook, which has been lobbying for reforms at the U.S. company for more than a year, said it would appeal against decisions by the data protection regulator in Ireland, where Facebook has its international headquarters.