David Robertson: Analysis
Win a £1500 Raymond Weil watch
When Michael O’Leary made a bid for Aer Lingus two weeks after the Irish flag carrier was privatised in 2006, many analysts thought that he was simply making mischief.
The competition issues raised by the merger of Ireland’s two main airlines, along with resistance from employee and government shareholders, made a successful bid unlikely.
However, Mr O’Leary pressed on and eventually accumulated a 29.8 per cent holding in Aer Lingus. The bid was duly knocked back by European regulators but that did not dim Mr O’Leary’s interest.
He began suggesting several months ago that the harsh competitive environment for airlines might make Brussels more open to the deal. Again, it appeared that Mr O’Leary was making mischief but the commitments made by Ryanair yesterday demonstrate that Mr O’Leary is very serious in his attempt to gain control of Aer Lingus and he is throwing everything into his second tilt.
He is not known for compromise and the pledges he made are a clear attempt to win the public, political and work-force support that will be needed before a showdown in Brussels.
What is still unclear is just why Mr O’Leary is so desperate to gain control of Aer Lingus. Ryanair is lean and mean while Aer Lingus is struggling and burdened with the baggage that comes with being a former state-owned carrier.
Rather than trying to win over Aer Lingus’s shareholders, Mr O’Leary needs to explain to his investors why he is bothering.
Industry sectors news at a glance. Interactive heatmap, video and podcast
Everything the Business Traveller needs to know to make a better trip
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Growing demand for energy, oil that is harder to reach and the rise of carbon dioxide emissions. We examine the energy challenge
With rail travel in Europe on the rise, we review the benefits of travelling by train
In this special section we explore new food trends to help improve your dinner party and impress guests
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
1998
£47,955
2004
£56,950
Essex
Check your free Experian credit report before applying
Car Insurance
£100,000
Barnardos
UK
£123,460 pa
The Law Commission
London
Hampshire County Council
Competitive + bonus + benefits
Manchester United
Central London
Moments from Battersea Park.
For sale with Winkworth
Find out about shared ownership.
See your free Experian credit report beforehand
Includes flights, accommodation with room upgrades, transfers city tours in Hong Kong and Bangkok.
PremierHolidays.co.uk
For your ultimate tailor-made ski holiday, click here
Get covered on your travels with a superb range of policies at great prices. Visit InsureandGo.com
Choose from the beautiful landscape and tranquil beaches of Oahu, Kauai, Maui & Big Island.
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.