Conor's Feed
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

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.

Jan 22, 2015

Ryanair’s ascent can’t be repeated, says former finance boss Millar

DUBLIN, Jan 21 (Reuters) – Having been at the financial
controls since Ryanair’s traffic has climbed from under
1 million passengers a year to over 90 million, Howard Millar is
confident no upstart can repeat that performance.

“That (low-cost) train has left the station a long time ago
and I think it will be increasingly difficult for start-ups to
gain any traction,” he told Reuters on the sidelines of an
annual aviation finance gathering in Dublin.

Jan 21, 2015

Ryanair says may return to bond market in next 12-18 months

DUBLIN, Jan 21 (Reuters) – Ryanair could return to
the bond market in the next 12-18 months after its debut bond in
June was well received, the airline’s chief financial officer
told Reuters on Wednesday.

“This is a market that we will come back to at some stage
over the next 12-18 months,” Neil Sorahan said in an interview.

Dec 18, 2014

Aer Lingus rejects takeover approach from British Airways owner

LONDON/DUBLIN, Dec 18 (Reuters) – Aer Lingus has
rejected a takeover approach from the owner of British Airways
, which is keen to gain control of the Irish airline’s
slots at London’s Heathrow Airport.

Shares in Aer Lingus surged as much as 20 percent
on Thursday after the Financial Times reported that British
Airways-owner International Consolidated Airlines Group (IAG)
was considering a takeover bid.

Dec 10, 2014

Aer Lingus shareholders back pensions deal

DUBLIN, Dec 10 (Reuters) – Aer Lingus’ shareholders on
Wednesday voted in favour of a plan to inject 191 million euros
($237 million) into a staff pension fund, one of the final
obstacles to resolving a dispute that has weighed on Aer Lingus’
share price for years.

The pension scheme, which employees at Aer Lingus share with
other aviation industry workers, has a deficit of more than 700
million euros ($876 million) compared with Aer Lingus’ market
capitalisation of 965 million euros.