Aer Lingus Heading for Business Crash?
Wednesday November 11, 2009
Hot on the heels of Ryanair's rise in revenue comes news that Aer Lingus seems to be heading further on in its downward spiral - revenue at the end of September was down around ten percent and net cash shrunk to € 399 million - compared with € 653.9 million a year earlier.
While restructuring, route changes and redundancies are already in the pipeline, assets are coming up for ales as well: According to media reports the fleet will be cut down. Aer Lingus seems to be is considering offers on four A330s, three A321s and four A320s. As the number of planes in the fleet currently stands at 44, this would mean a reduction by 25%. It is difficult to see this happening without some kind of lease-back deal to cover the bare bones of the route network.
Potential buyers of Aer Lingus' planes will certainly get no spring chickens ... the Airbuses for sale are all believed to be at least eight years old.
While restructuring, route changes and redundancies are already in the pipeline, assets are coming up for ales as well: According to media reports the fleet will be cut down. Aer Lingus seems to be is considering offers on four A330s, three A321s and four A320s. As the number of planes in the fleet currently stands at 44, this would mean a reduction by 25%. It is difficult to see this happening without some kind of lease-back deal to cover the bare bones of the route network.
Potential buyers of Aer Lingus' planes will certainly get no spring chickens ... the Airbuses for sale are all believed to be at least eight years old.
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