Ryanair CEO Michael O'Leary said yesterday in a letter to Aer Lingus shareholders that the LCC will not raise its €2.80 ($3.59)-per-share bid despite the poor response from EI shareholders. "In our opinion, there is nothing in the Aer Lingus defense document or its strategy as articulated by the chief executive that justifies a price in excess of €2.80," O'Leary said in the letter, according to press reports. Ryanair has extended the deadline for its offer until Dec. 4 ...

Subscribe to Access this Entire Article

"Other News - 11/21/2006" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.