Key Developments: Ryanair Holdings PLC (RYAAY.O)
44.80USD
17 May 2013
$-0.36 (-0.80%)
$45.16
$44.85
$45.04
$44.50
229,732
292,665
$45.49
$27.66
Latest Key Developments (Source: Significant Developments)
Boeing Co Signs $15.6 Billion Order With Ryanair Holdings PLC-Reuters
Reuters reported that Ryanair Holdings PLC has announced a $15.6 billion order for 175 passenger jets from Boeing Co. Full Article
Flybe Group PLC Comments on Agreement with Ryanair Holdings PLC
Flybe Group PLC (Flybe) announced that it notes the further press speculation relating to discussions it is having with Ryanair Holdings PLC (Ryanair) in the context of the review by the European Commission of Ryanair's offer for Aer Lingus Group plc (Aer Lingus). Flybe confirms that it has reached an agreement in principle with Ryanair about the possible transfer of a number of aircraft and operating routes as part of a package of concessions Ryanair has submitted to the European Commission. The agreement provides for a new company to be incorporated into which the relevant business assets (including cash of €100 million) and liabilities would be transferred and which Flybe would then acquire. The agreement has not been approved by the Board of Flybe. It would also be subject to Flybe shareholder approval. The implementation of any agreement would be dependent, inter alia, on the status of Ryanair's offer for Aer Lingus; the outcome of the Commission's deliberations on the competition aspects of Ryanair's bid; and the agreement of a timetable for the implementation of the proposed remedies. Full Article
Ryanair Holdings plc Raises FY 2013 Net Profit Guidance-Conference Call
Ryanair Holdings plc announced that despite the softness in January, the bookings for the first nine months have facilitated a rise in fiscal 2013 profit guidance to a new figure of up to EUR540 million. The previous range is EUR490 million to EUR520 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report net income of EUR536 million for fiscal 2013. Full Article
EU To Oppose Ryanair Holdings plc, Aer Lingus Group Plc's Deal-Reuters
Reuters reported that EU antitrust regulators plan to object to Ryanair Holdings plc proposed takeover of rival Aer Lingus Group Plc because the Irish budget airline has not offered sufficient concessions. Full Article
Ryanair Holdings plc Raises FY 2013 Net Profit Guidance-Conference Call
Ryanair Holdings plc raised its fiscal 2013 profit guidance from its previous range of EUR400 million to EUR440 million to a new range of EUR490 million to EUR520 million. According to I/B/E/S Estimates, analysts were expecting the Company to report of net income of EUR499 million for fiscal 2013. Full Article
Ryanair Holdings plc Announces Special Dividend
Ryanair Holdings plc announced to pay a special dividend on November 30, 2012. The special dividend will be paid, at a gross rate of EUR0.34 per ordinary share, less dividend withholding tax where applicable. The record date of dividend is November 16, 2012 . Full Article
Ryanair Holdings plc Opens Two New Manchester Routes to Gdansk and Riga-Mena Report
Mena Report reported that Ryanair Holdings plc has announced two new winter routes from Manchester to Gdansk and Riga, from November 2012, as the Company expands its winter Manchester schedule to 18 routes, which will deliver over 1.3 million passengers per year, sustaining 1,300 on site jobs at Manchester Airport. Ryanair Holdings plc celebrated its two new Manchester routes to Gdansk and Riga by launching a 100,000 seat sale, at prices from GBP 12 for travel across Europe on Tuesdays, Wednesdays and Thursdays in September, October and November, which are available for booking until the midnight of August 30, 2012. Full Article
Ryanair Holdings plc Reaffirms FY 2013 Net Profit Guidance-Conference Call
Ryanair Holdings plc announced that for fiscal 2013, it reaffirms net profit of between EUR400 million to EUR440 million. Full Article
Aer Lingus Group plc Reject Ryanair Holdings plc's Offer
Aer Lingus Group plc announced that the Board of Aer Lingus notes the announcement made yesterday by Ryanair Holdings plc (Ryanair) that it has posted its offer document containing the full terms and conditions of its offer to purchase the whole of the issued and to be issued ordinary share capital of Aer Lingus not already owned by Ryanair (Offer). Ryanair's 2006 offer was prohibited by the European Commission on competition grounds, and your Board believes that the reasons for prohibition are now even stronger than before: the number of routes that Ryanair would monopolise has sharply increased. Aer Lingus is a robust and profitable airline with a proven business model, a strong balance sheet and an internationally recognised brand. Your Board's unanimous view is that Ryanair's Offer to acquire control of Aer Lingus for EUR1.30 per share fundamentally undervalues Aer Lingus and represents a significant discount to the intrinsic value of the business. The Board believes that Ryanair's Offer is not in the interests of shareholders or Aer Lingus and is incapable of completion. Accordingly, the Board of Aer Lingus unanimously recommends shareholders should take no action in relation to the Offer and should not sign any document sent by Ryanair or its advisers. The Board of Aer Lingus will be writing to shareholders to set out in detail its reasons for rejecting the Offer within the next fourteen days in accordance with Rule 30.3(a) of the Irish Takeover Panel Act 1997. Full Article
Ryanair Holdings plc Makes Fresh Bid For Aer Lingus Group plc-Reuters
Reuters reported that Ryanair Holdings plc launched a third bid to take over Aer Lingus Group plc on Jun 19, 2012, offering shareholders a 38% premium to the market in a deal that would require regulators to drop opposition to a merger. The Company said that it would offer EUR1.30 per share in a bid to secure at least 50%. The bid, which values Aer Lingus at EUR694 million ($880 million), would be subject to the approval of the European Commission, which in 2007 blocked an earlier bid by Ryanair for Aer Lingus on competition grounds. Full Article
Italy watchdog fines Ryanair over online booking procedures
MILAN - Italy's competition watchdog slapped a 400,000 euro ($521,200) fine on Irish budget airline Ryanair for falling down on commitments to simplify online ticket sales.
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