Ryanair passenger numbers up 14pc
The number of passengers carried by Ryanair rose 14pc year-on-year in October to seven million, according to figures released by the airline yesterday. The figure brings its tally for the 12-month period to the end of October to 72.5 million. The load factor -- the percentage of seats it filled -- remained unchanged at 85pc.
Avolon signs $320m deal with FlyDubai
Ireland-based aircraft leasing firm Avolon, the company established by financier Domhnal Slattery and backed by private equity groups Oak Hill Capital, CVC and Cinven, has signed a sale and leaseback deal with Middle East-based low-cost airline FlyDubai for four Boeing 737 aircraft valued at $320m (€228m). Since it was launched earlier this year, Avolon has executed contracts and letters of intent to purchase 50 aircraft. Its current fleet is valued at more than $2bn.
Views sought on Equitable Life cash
Policyholders who lost money in Equitable Life were yesterday asked how compensation should be divided up between them. British Chancellor George Osbourne announced in the Comprehensive Spending Review that people who lost money as a result of the problems at the mutual would share £1.5bn (€1.7bn) in redress. He said 37,000 with-profits annuitants, who were trapped at the society, would be compensated for their losses in full, with the money paid in regular instalments for the rest of their lives.
Italy 'place to be' in euro bond market
Investors seeking stability among the so-called peripheral euro government debt markets should be looking toward Italy, given its stronger public finances than Greece, Ireland or Spain, according to Commerzbank AG. "If you like to have peripheral exposure, then Italy is the place to be in the euro area," said David Schnautz, a fixed-income strategist at Commerzbank in London. Peripheral European securities weakened versus their German counterparts yesterday amid renewed concern about a bank default in Ireland.