RYR EGM this morning

by atoutprix Tue 18 Jun 2013 - 13:52

Speaking at an extraordinary general meeting (EGM) held this morning to gain approval for Ryanair’s purchase of 175 Boeing aircraft, Ryanair boss called Aer Lingus “a pension deficit with wings.”
Shareholders at the EGM approved Ryanair’s massive aircraft order by 100pc.
He said his airline has not had a single bid for its stake in Aer Lingus since it was approached by financial institutions last year, blaming this on Aer Lingus’ “lamentable” share price performance.
He denied he is “obsessed” with Aer Lingus and said Ryanair shareholders are “very happy”. “Shares are close to an all time high, we’ve just completed a full year results roadshow and I think generally speaking shareholders were very happy with the Ryanair strategy and equally perplexed with the bizarre ruling coming out of the UK competition commission.”
He said the airline is looking at another share buy-back scheme later this year, in addition to the special dividend it has committed to by 2015.

Read more :

http://www.independent.ie/business/irish/ryanairs-michael-oleary-lambasts-aer-lingus-management-29354093.html