SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of August, 2009
RYANAIR HOLDINGS PLC
(Translation of registrant's name into English)
c/o Ryanair Ltd Corporate Head Office
Dublin Airport
County Dublin Ireland
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F..X.. Form 40-F.....
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.
Yes ..... No ..X..
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82- ________
RYANAIR STATEMENT ON AER LINGUS RESULTS
IRISH STOCK EXCHANGE AND IRISH TAKEOVER PANEL SHOULD EXPLAIN WHY THEY ALLOWED AER LINGUS TO MISLEAD SHAREHOLDERS AND THE MARKETS IN THEIR DECEMBER 2008 DEFENCE DOCUMENT
Ryanair, Ireland's favourite and
called on the Irish Stock Exchange and the Irish Takeover Panel to explain why they allowed the Board of Aer Lingus to mislead shareholders and the markets when they published
their defence document on 22
December 2008 - just 8 months ago.
of half year operating losses of €93m and
collapse of its net cash balances to €440m exposes
the fact that Aer Lingus shareholders and the markets were misled by the Board of Aer Lingus in this
made the following false claims to shareholders:
"Despite these extremely challenging conditions, we expect to achieve
Aer Lingus reported an after tax loss of €108m for 2008.
expect that significantly reduced fuel prices and a number of management cost reduction initiatives
will enable
Aer Lingus to continue to enhance profitability in 2009 and beyond".
- Aer Lingus' H1 2009 losses have risen to €93m and it
refuses to give any guidance on the extent of its
"Aer Lingus is and will be profitable"
8 months later Aer Lingus has confirmed that it has and will continue to be loss making.
"Our long-haul business also continues to grow".
Aer Lingus' long-haul traffic has
submitted complaints to the Irish Stock Exchange, the Irish Takeover Panel and
Financial Services Regulator about these
. To date no action has been taken by any of these regulatory agencies. Ryanair believes that Aer Lingus shareholders are entitled to know why a Ryanair offer of €1.4
per share was rejected by the Board of Aer Lingus just 8 months ago, on the basis of patently false claims about growth and profitability. Shareholders in Irish plc's are entitled to expect that the
the Stock Exchange, the Takeover Panel and the FSR
make accurate claims about growth and profitability, particularly during takeovers.
Ryanair calls on the Irish Stock Exchange and the Takeover Panel to explain why they failed to take any action about these patently false claims during the 7 months since this takeover was withdrawn.
Speaking today, Ryanair's Michael O'Leary said:
"Today's results from Aer Lingus prove conclusively that Chairman,
and the Board of Aer Lingus misled shareholders and the Stock Exchange in their
published just 8 months ago.
"I believe Aer Lingus' shareholders, who have now suffered further catastrophic losses, as the Aer Lingus share price has collapsed from over €1.40 to less than €0.50 are entitled to an explanation from the Irish Stock Exchange and the Irish Takeover Panel
as to what action they have taken about these false
and why the regulatory authorities of Ireland were asleep on the job, while the Board of Aer Lingus was misleading shareholders and the markets in December 2008
"Is it any wonder that the reputation of the Irish Stock Exchange
has suffered in recent months
, when the regulatory authorities are so clearly unfit for purpose and unwilling to implement their own rules on truthfuln
during contested takeovers
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Date: 27 August, 2009
| |
By:___/s/ Juliusz Komorek____
|
| |
|
| |
Juliusz Komorek
|
| |
Company Secretary
|