Conor's Feed
Mar 3, 2015

Aircraft leasor Avolon sees no impact on demand from low oil prices

DUBLIN, March 3 (Reuters) – Irish aircraft lessor Avolon
does not expect lower oil prices to have any impact on
aircraft demand, its chief executive said on Tuesday, adding
that most airlines were basing their long-term planning on $100
per barrel of oil.

A fall in oil prices from over $100 a barrel in June
2014 to around $60 today have reduced the potential savings from
operating more fuel-efficient new-generation aircraft but
Domhnal Slattery said airlines he was talking to were not
expecting fuel prices to remain low.

Feb 28, 2015

Ireland’s Labour Party softens opposition to Aer Lingus sale

KILLARNEY, Ireland, Feb 28 (Reuters) – A senior member of
Ireland’s junior coalition party on Saturday said opposition to
the sale of the state’s 25 percent stake in Aer Lingus
had softened in recent weeks and the party was likely to
ultimately agree to the deal.

Aer Lingus’ board last month recommended that Ireland back a
1.36 billion euro ($1.5 billion) bid for the airline from
British Airways’ owner International Consolidated Airlines
Group (IAG), but the deal has stalled due to political
opposition spearheaded by the centre-left Labour Party.

Feb 24, 2015

Aer Lingus presses Irish government on IAG takeover

DUBLIN, Feb 24 (Reuters) – The chief executive of Aer Lingus
warned that the Irish airline’s growth prospects could
be jeopardised if a takeover bid by the owner of British Airways
is rejected.

Aer Lingus’ board last month recommended a 1.36 billion
euros ($1.5 billion) offer from IAG (International Consolidated
Airlines Group), subject to the Irish state selling its
25 percent stake. However, political and trade union opposition
to the deal has been significant.

Feb 17, 2015

Irish regulator of Apple, Facebook eyes power to levy huge fines

DUBLIN (Reuters) – Ireland’s new data protection watchdog expects to win the power to levy vast fines on some of the world’s biggest Internet firms under European privacy laws, despite opposition from some larger EU countries who want responsibilities shared more widely.

Helen Dixon took over late last year as Ireland’s data protection commissioner, becoming the lead regulator on privacy issues for Facebook, Apple and Yahoo! because they have declared Ireland as their main base in Europe.

Feb 12, 2015

IAG’s CEO Walsh says Aer Lingus might not survive on its own

DUBLIN (Reuters) – The chief executive of British Airways owner IAG (ICAG.L: Quote, Profile, Research) told Irish politicians on Thursday that Aer Lingus (AERL.I: Quote, Profile, Research) would struggle to survive if they do not back its bid for the former flag carrier.

Dubliner Walsh, who began his career as an Aer Lingus pilot and was the airline’s chief executive before he moved to British Airways 10 years ago, was back this week campaigning to win over skeptical MPs to IAG’s 1.36 billion-euro offer, which already has the qualified backing of Aer Lingus’s board.

Feb 8, 2015

Election-nervous politicians shout down IAG’s Aer Lingus bid

DUBLIN (Reuters) – The owner of British Airways is running out of time to secure Ireland’s Aer Lingus as questions over its commitment to keep jobs and key Heathrow routes stoke opposition from politicians facing a tough election next year.

Aer Lingus’ board recommended the 1.36 billion euro ($1.5 billion) offer from International Consolidated Airlines Group (IAG) last month, subject to the agreement of the Irish state to sell its 25 percent holding.

Feb 5, 2015

Sinn Fein shrugs off possible unionist role in British government

DUBLIN (Reuters) – Sinn Fein leader Gerry Adams shrugged off the possibility of arch rivals the Democratic Unionist Party propping up a Conservative-led government following upcoming British elections, saying any unionist advantage would be temporary.

As the fourth-largest party in Britain’s lower house with eight seats, the DUP is seen as a potentially key player in coalition talks likely after the UK general election on May 7 which is set to be the most open in years.

Feb 5, 2015

Ignoring Greeks’ plight will fuel far right – Sinn Fein’s Adams

DUBLIN (Reuters) – Europe and the “undemocratic” European Central Bank risk fuelling the growth of right wing parties across the continent if they ignore the will of the Greek people, Gerry Adams, leader of Ireland’s leftist Sinn Fein said on Thursday.

The new Greek government’s hopes of renegotiating its debt pile have been doused by its euro zone peers this week and the ECB pulled its funding line for Greek banks.

Feb 3, 2015

Ireland sees strong demand in debut 30-year bond sale

(Adds demand, detail on pricing)

By Conor Humphries and Abhinav Ramnarayan

DUBLIN/LONDON, Feb 3 (Reuters/IFR) – Ireland saw strong
demand for its first ever 30-year bond on Tuesday as it bid to
lock in record low interest rates that have followed the
European Central Bank’s announcement of a trillion-euro
quantitative easing programme.

Managers saw more than 10 billion euros of demand for the
benchmark issue, far in excess of the 2 billion deal size that
market participants said would be typical of a benchmark 30-year
issue.

Feb 2, 2015

Ireland mandates debut 30-year bond issue

DUBLIN, Feb 2 (Reuters) – Ireland has mandated bond dealers
to help issue its first 30-year syndicated bond issue in a bid
to lock in record low funding levels following the launch of the
European Central Bank’s quantitative easing programme.

The National Treasury Management Agency (NTMA) said in a
statement it had picked a number of its primary bond dealers to
issue the new benchmark bond “in the near future”, language it
has previously used when selling debt the next day.