Aer Lingus Heathrow Slots
Aer Lingus Heathrow Slots Reservations
Aer Lingus is to ask its shareholders to approve arrangements under which its take-off and landing slots at London’s Heathrow airport will continue to be focused on Irish routes after a proposed. With its distinctive green shamrock, Aer Lingus is a global symbol of Ireland. The name comes from the Irish word 'long' which means ship. So Aer Lingus roughly translates as 'air fleet'. The airline was founded in 1936. Aer Lingus (/ ˌ ɛər ˈ l ɪ ŋ ɡ ə s /, an anglicisation of the Irish aerloingeas meaning 'air fleet') is the flag carrier airline of Ireland.Founded by the Irish government, it was privatised between 2006 and 2015 and it is now a wholly owned subsidiary of International Airlines Group (IAG). A pair of slots at Heathrow airport sold recently for $60m (€52m), valuing Aer Lingus' 23 pairs at Europe's busiest airport at up to €1.2bn. The sale of the slot casts new light on IAG's bid for. Aer Lingus will base one of its A330s at Manchester Airport for summer 2021. Photo: Getty Images 1,500 transatlantic slots. As reported by Airways Magazine, Aer Lingus has secured 1,500 slots at Manchester Airport (MAN) for the 2021 summer season. The IAG-owned carrier will base four aircraft at MAN; one Airbus A330 widebody and three A321LRs.
It seems that the possibilities of an IAG acquisition of Aer Lingus are increasing as the Irish carrier considers the latest offer of €2.55 a share, valuing the business at about €1.36 billion. Using our schedules and traffic analytics tools we’ve taken a quick glance at what the offer means and the top level elements of any such agreement.
While it’s clearly not all about slots at London Heathrow that is certainly a major part of the logic for IAG from what we can see. Aer Lingus are currently the third largest airline at Heathrow in terms of slots with a 3.3% share of the available pool. Any acquisition would give IAG - or perhaps in this case more appropriately, British Airways - around a 54% share of monthly frequency from the airport; some ten times more share than their nearest competitor, Virgin Atlantic. With no planned capacity increases at Heathrow for sometime, securing a further 3% share of movements for IAG at the proposed price would seem to represent a very smart strategic investment as well as commercial opportunity.
Not surprisingly the current Aer Lingus slot portfolio is evenly distributed throughout the day, with departures from 06:50 through to 22:00 and arrivals from 08:05 through to 21:15. As such there is a very attractive spread of potential timing available from which to explore potential new routes and additional frequencies for BA. Again, as you would expect, Dublin is currently the best-served of the four markets that Aer Lingus operates with 10 frequencies a day; Cork and Belfast have four each and Shannon has the balancing three frequencies.
Should IAG complete the acquisition then the focus will be around how those slots are used; some will undoubtedly still be used for services to Ireland but everyone realises that the real prize is long-haul usage of those slots.
Read the rest of this blog at: http://www.oag.com/OAG-Blog/iag-and-aer-lingus-all-about-slots
Aer Lingus Heathrow Slots Terminal
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Aer Lingus Heathrow Slots Reservations
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