Aer Lingus confirmed a June order for six A350 XWB-900s and six A330-300s following receipt of shareholder approval for the purchase. Ryanair, which holds 29% of EI, voted against the acquisition and had insisted on a renegotiation or cancellation of the contract, saying it was negotiated at an all-time high in the last aircraft value cycle. "We would strongly urge your board and management. . .to take advantage of the recent market downturn and the significant reduction in aircraft prices, ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.