Looming Takeover For Aer Lingus
Abi BrayIrish carrier Aer Lingus is running the risks of a hotel take over by its bigger rival budget airline Ryanair unless its staff agrees to proposals which would see sweeping expenditure reductions, the Financial Times was told.
Talking to the periodical on Wednesday, Christoph Mueller was reported as saying that if Aer Lingus fails to master its own destiny, the likelihood that some type of non-independence might occur is very high.
The newspaper revealed that Mueller had meant Ryanair by his insinuations. The no frills airline had already made two attempts to take over the once Irish flagship carrier.
Mueller was reported to have told the Financial Times that an agreement with the unions was critical to permitting the carrier to remain independent.
He said that Aer Lingus was currently experiencing instability manly because of one particular group of employees, bringing the carrier close to a situation on non-independence.
The Irish carrier commented last week that it was planning to cut routes, reduce frequencies and eliminate some jobs after a bit to reach an agreement which would have seen the introduction of a company wide reform plan resulted in failure.
Despite reaching an understanding with some unions, the airline warned that the likelihood of immediate and compulsory redundancies was high after it had failed to overcome resistance from few groups of employees, such as its team of pilots who were demanding extravagant salaries.
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Filed under Business & Finance, Europe News, Travel News, World News