Ireland

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Ryanair Scrambles to Contain Damage From Cancellation Fiasco

Ryanair Holdings Plc sought to contain the damage caused by scrapping hundreds of flights through the end of October, promising to compensate affected passengers and apologizing for the mismanagement that led to a shortage of available crews, Bloomberg N ...

Daily Headline - global.abi.org - 09/19/2017 - 00:18 - 0 comments

Ryanair to Bid to Operate 90 Alitalia Planes

Ryanair will bid to operate 90 planes under the Alitalia brand and using existing staff as part of the Italian airline’s restructuring, Chief Executive Michael O’Leary said on Thursday. Ryanair has until Oct. 2 to make a binding bid for all or part of th ...

Daily Headline - global.abi.org - 08/31/2017 - 22:23 - 0 comments

Decrying ‘Stitch-Up', Ryanair Won't Bid for Air Berlin Assets

Ryanair will not bid for any assets of insolvent German airline Air Berlin, its Chief Executive Michael O’Leary said on Wednesday, describing the process as “a stitch-up”. Air Berlin, Germany’s second-largest airline, filed for bankruptcy protection this ...

Daily Headline - global.abi.org - 08/30/2017 - 20:46 - 0 comments

Ryanair Says It's Interested in Air Berlin, Wants In on Bidding

In a related story, Bloomberg News reported that Ryanair Holdings Plc said it’s “genuinely interested” in bidding for insolvent Air Berlin Plc and called on the German company to involve it in the sale process. Ryanair could buy all or part of Air Berlin ...

Daily Headline - global.abi.org - 08/23/2017 - 15:30 - 0 comments

‘Partner Bank’ Of IBRC’s Moscow Subsidiary Was Shut Down By Regulators

A Russian lender that provided banking services to a subsidiary of State-controlled Irish Bank Resolution Corporation has been shut down by regulators there due to its “highly-risky credit policy”, the Irish Times reported. Until earlier this week, t ...

Daily Headline - global.abi.org - 08/20/2017 - 22:13 - 0 comments

Irish Banks Said to Face European Pressure to Write Off Loans

Irish banks are set to face mounting pressure from regulators to write off bad loans, a person familiar with the matter said. European authorities that now oversee the biggest Irish lenders have consistently pushed bankers to deal with the legacy of non- ...

Daily Headline - global.abi.org - 08/10/2017 - 22:21 - 0 comments

Irish Central Bank Upgrades Forecasts as Eurozone Strength Offsets Brexit Weakness

Ireland’s central bank has increased its economic growth forecasts by almost a third, as growing strength in the rest of the eurozone helps to offset its expectations of a negative impact from Brexit, the Financial Times reported. In a quarterly upda ...

Daily Headline - global.abi.org - 07/30/2017 - 19:32 - 0 comments

PTSB Shares Plunge as Concerns Over Bad Loans Stall Dividend

Permanent TSB shares plunged as much as 16 per cent on Wednesday as investors worried about the bank’s plan to resort to loan sales and repossessions to resolve its worst €2.68 billion of mortgages, which will also delay a return to dividends. The 75 per ...

Daily Headline - global.abi.org - 07/26/2017 - 17:42 - 0 comments

Ireland’s ‘De-Globalised’ Data Calculate a Smaller Economy

The Irish economy is about a third smaller than expected. The country’s current account surplus is actually a deficit, the Financial Times reported. And its debt level is at least a quarter higher than taxpayers have been led to believe. These are so ...

Daily Headline - global.abi.org - 07/18/2017 - 22:19 - 0 comments

Trade with UK Pushes Ireland Back to Deflation

were 0.6 per cent lower than the same month last year, the lowest figure since last March. In an ...

Daily Headline - global.abi.org - 07/13/2017 - 22:12 - 0 comments

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