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October 05, 2006

Ryanair Makes Bid for Aer Lingus

Uber-Budget carrier Ryanair has launched a $1.9 billion bid to purchase Aer Lingus.  The move would give Ryanair access to trans-Atlantic routes -- a first for a European no frills airline.  The two airlines would continue to be run separately.  For its part, the Irish government, which owns 1/3 of Aer Lingus, said it would not sell its stake.  Even so, this purchase would mark a huge change for Ryanair, which has focused on building an operation that can profitably charge next-to-nothing for its tickets.  Absorbing another carrier -- especially one with a completely different strategy, will be a stretch.  But, if this goes through, consumers should benefit in the long-run with even cheaper fares across the Atlantic.

October 5, 2006 | Permalink: Ryanair Makes Bid for Aer Lingus


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