Flybe Group reached (06-Feb-2013) an agreement with Ryanair to establish Flybe Ireland in the event Ryanair's bid to takeover Aer Lingus is successful. The agreement would see the transfer of nine A320 aircraft on five-year operating leases and 43 routes from Aer Lingus to Flybe Ireland. The aircraft and routes would also come with employees to operate them. If Ryanair's takeover of Aer Lingus is approved, Flybe plans to seek formal shareholder approval for the aquisition of Flybe Ireland from Ryanair in early autumn 2013. Flybe said it received irrevocable acceptances representing 64% of the shareholders in support of this possible transaction, above the 50% level insisted by the European Commission. [more - original PR - Flybe] [more - original PR - Flybe II]
Flybe Group reaches agreement with Ryanair to establish Flybe Ireland
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Airline seat growth from Europe in summer 2017 is set to stay at almost 6% for the third successive summer, according to data from OAG. This rate had not previously been reached since 2010, although this will be the fifth straight summer of growth ahead of its 10 year average rate. The summer 2017 season started on 26-Mar-2017 and, although always subject to further change, the data give a fairly clear picture.
Seat capacity on routes from Europe to Africa will grow the fastest, as the region recovers from a terrorism related drop in demand in North Africa. There will also be above trend growth in almost every other region from Europe (including intra Europe). The only exception is Europe-Middle East, where the newly cautious Gulf airlines' growth is slowing this summer.
On the North Atlantic, always important for the profitability of Europe's leading legacy airlines, growth will be faster than its 10 year trend, but it will at least be a little slower than in the past summer. The loss of market share from the immunised North Atlantic JVs to newer and smaller competitors, including LCCs, is set to continue. As ever, the OAG capacity data provide a window into the changing structure of the airline markets from Europe.