Flybe and Ryanair agree on Flybe Ireland

Following Flybe’s announced to the London Stock Exchange last week, they have reached an agreement with Ryanair regarding the transfer of some aircraft and operating routes incorporated in the concessions package that Ryanair has submitted to the European Commission as part of their offer for Aer Lingus.  If the deal goes ahead, Ryanair will transfer the following to a new company, Flybe Ireland:

  • 43 European routes; a minimum of 9 Airbus A320 aircraft.
  • The requisite number of flight crew, aircraft engineers, management and facilities.
  • The required number of slots to operate the 43 routes.

 

In addition, Ryanair have proposed that they put €100m cash into Flybe Ireland, and forward the sales from the 43 routes; leaving Flybe to acquire Flybe Ireland for a consideration of €1m.  Flybe have confirmed that they have received irrevocable acceptances from 64% of shareholders to date, supporting this transaction, and they have said that there is no expected effect on UK employed staff.

Jim French, Flybe’s Chairman and Chief Executive Officer, said: “Flybe would be delighted to be granted the opportunity to service the Irish aviation market through Flybe Ireland, an airline which would be based in Ireland and dedicated to developing a broad range of scheduled services for business and leisure markets.  The terms of the deal negotiated ensure that Flybe Ireland will be a well-capitalised, well-funded company, enabling us to deliver based upon our strategic aims.” 

French also emphasised that Flybe would be proud to serve the Irish markets and would be a good employer, and corporate citizen.  However, French also cautioned: “Before Flybe Ireland can come into being, there are many hurdles to overcome, not least the EC accepting the remedies offered by Ryanair in its offer to take over Aer Lingus, and then the shareholders of Aer Lingus accepting an offer from Ryanair.

For the general public planning their holidays, little will change other than the airline you may be flying with.  But if the Ryanair deal goes ahead, it will open up the Irish travel market with more opportunities and more competitive prices.

At Heathrow Gatwick Transfers, we will always ensure that your airport taxi transfer is as efficient and competitive as you would expect.  Our fleet of well-maintained, spacious, chauffeur-driven cars are able to carry from one to eight passengers, plus luggage and check-in luggage!  We also offer a FREE Meet & Greet service so you can rest assured that your chauffeur will be there waiting to help you from the moment you arrive, to the moment you depart.  And if your flight or boat is running late?  No problem, our FREE waiting time service ensures that we will check your arrival and departures times so that we are there to meet you.

And we don’t charge any extras or charge you to book online with a card – all our prices are All Inclusive so, the price you see is the price you pay.  So, when you book your Spring break, summer holiday or Autumn getaway, don’t forget to book your airport/hotel transfer online today at Heathrow Gatwick Transfers and make sure your travel plans are all wrapped up.