Word: lingus
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...risk overshadowing the real progress that the 45-year-old Dubliner has made at BA since taking over in 2005 as its youngest-ever boss. Adjusting to the scale of the challenge of running Europe's third-largest airline after four years as boss of Irish carrier Aer Lingus "was easy," says Walsh. "I just multiplied everything by 10." Not all of BA's bigger numbers meant better. When he arrived, the company's pension fund was short of almost $3 billion, more than the shortfall at any other major British firm. And payroll for BA's 46,000 staff...
...controls of Ryanair, Michael O'Leary has transformed the Irish no-frills carrier into Europe's most profitable airline. But he's not cooling his jets. Earlier this month, Ryanair launched an audacious y1.48 billion takeover bid for Ireland's flagship airline, Aer Lingus. With the[an error occurred while processing this directive] offer still pending, the famously outspoken O'Leary, 45, talked via e-mail to TIME's Adam Smith...
...picked up just over 19% of Aer Lingus, but both the Irish government and Aer Lingus' board have rebuffed your overtures. And last week, opponents of a tie-up bought shares in Aer Lingus to block the deal. Are you still confident of landing the airline? As an Irishman, I am always optimistic but never ever confident. It is a great deal for Aer Lingus' passengers, who will enjoy a 10% reduction in short-haul fares, and an even better deal for Aer Lingus employees, who stand to make on average 360,000 each. A 27% premium over the flotation...
...week, he'll bring ministers together again to try to find a compromise. But few expect a solution until E.U. leaders meet in Brussels later this month - if then. BA Gets A New Pilot Talk about getting an upgrade. Willie Walsh, former boss of Ireland's state carrier Aer Lingus, was last week appointed to succeed British Airways' departing CEO Rod Eddington in September. BA shares rose on the news of Walsh's new job, and the airline - in the midst of a turnaround - hailed the 43-year-old as "the very best person for the job." Walsh's main...
...Delays The planned resignations of three top execs from Irish state-owned carrier Aer Lingus, initially scheduled for May, were sped up amid reports they planned to launch a rival airline...