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Aer Lingus privatisation plans to be announced
http://www.rte.ie/news/2006/0828/aerlingus.html
Aer Lingus privatisation plans to be announced 28 August 2006 07:29 The Government and Aer Lingus will formally announce the details of their plans to privatise the airline later today. Shares in Aer Lingus are expected to begin trading at the end of next month. The sale of more than half of the airline to private investors is part of a €2 billion expansion programme. Advertisement The airline will use the privatisation to secure up to €400 million to expand its long-haul and short-haul fleets while it also need to raise a further €100 million to strengthen the staff pension fund. Today's news comes against the backdrop of more turbulent times for international aviation, with higher fuel costs and heightened security concerns. More recently, there have been delays in the introduction of a more flexible flying schedules between here and the US, where Aer Lingus is keen to grow its business. The flotation of Aer Lingus is primarily targeted at institutional investors. It is almost certain that members of the public looking to own a stake in the airline will need a minimum of €10,000 to invest. Meanwhile, there's been no word from SIPTU, which has opposed the sale, that it has since changed its position, though both sides have been engaged in protracted negotiations to resolve outstanding issues. |
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newportcrapman brother
No one cares spammer
a écrit dans le message de news: ... http://www.rte.ie/news/2006/0828/aerlingus.html Aer Lingus privatisation plans to be announced 28 August 2006 07:29 The Government and Aer Lingus will formally announce the details of their plans to privatise the airline later today. Shares in Aer Lingus are expected to begin trading at the end of next month. The sale of more than half of the airline to private investors is part of a ?2 billion expansion programme. Advertisement The airline will use the privatisation to secure up to ?400 million to expand its long-haul and short-haul fleets while it also need to raise a further ?100 million to strengthen the staff pension fund. Today's news comes against the backdrop of more turbulent times for international aviation, with higher fuel costs and heightened security concerns. More recently, there have been delays in the introduction of a more flexible flying schedules between here and the US, where Aer Lingus is keen to grow its business. The flotation of Aer Lingus is primarily targeted at institutional investors. It is almost certain that members of the public looking to own a stake in the airline will need a minimum of ?10,000 to invest. Meanwhile, there's been no word from SIPTU, which has opposed the sale, that it has since changed its position, though both sides have been engaged in protracted negotiations to resolve outstanding issues. |
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