Ryanair hands votes on Aer Lingus pay to government

[Slats7]

Ryanair hands votes on Aer Lingus pay to gov't | Reuters

Irish carrier Ryanair (RYA.I) has handed its votes on the issue of director pay at Aer Lingus (AERL.I) to the Irish government, forcing the state to decide whether the stricken airline's board members are paid too muc

 

[JohnK]

"The fact that the board of Aer Lingus has refused to reduce its directors' fees ... in recognition of the urgent need to reduce costs in the face of rising losses ... leaves it with little or no credibility when it comes to negotiating further cost reductions with its workforce and trade unions," Ryanair Chief Executive Michael O'Leary said in a statement.

Out of all the gimmicks and schemes Ryanair has proposed, or implemented, to try and raise revenue and increase profit this is the one that makes any sense....

 

[Saab34]

FR couldn't just mind their own business now for a minute could they? I seem to read an article everyday about FR launching some attack on Aer Lingus...