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Thursday, October 5, 2006

Aer Lingus Says 'No' To A Ryanair Takeover

Irish 'flag carrier' (this term his been disputed) Aer Lingus has recieved, and promptly rejected, a $1.9 billion (£1 billion) takeover offer from low-cost archrival Ryanair. The reason? The bid "significantly undervalues the group's businesses and attractive long term growth potential", according to the Aer Lingus board. Of course, the real reason could be that Aer Lingus, which has a rich history as a full-service, international airline, doesn't want to be bought out by Ryanair, which has gone from being a dowdy puddlejumper of an airline to...

Tuesday, October 3, 2006

A380 Faces More Delays as Customers Rethink Purchases

Just when the news over at Airbus couldn't get any worse - lagging behind Boeing in the orders count, A380 delays, etc. - it did. Airbus confirmed recently that the A380s scheduled to be delivered to customers will be further delayed due to 'wiring problems'. The planes will be delayed another year.Emirates, the largest customer of the type, will have to wait an addition ten months for its planes, something that it's president is not too happy about: "It's a very serious issue." Emirates, along with Virgin Atlantic, have announced that they are...