Eastern promise for Ryanair base
Ryanair will open its 40th base -- in Lithuania -- this May, the airline said yesterday. Ryanair is also in negotiations with four other eastern and central European airports with a view to opening bases there. The airline will base two aircraft in Kaunas in Lithuania, and double the number of routes it operates to and from the city to 18.
Standard Life Ireland sales
Standard Life Ireland had total sales of more than €1bn in 2009, and not €1m as stated in the 'Your Money' pages yesterday. Its domestic business was up 5pc year on year -- against a market that was down 28pc on average.
80pc of defined schemes in deficit
THE Pensions Board said yesterday that up to 80pc of defined benefit schemes were estimated to be in deficit at the end of 2009. Chief executive Brendan Kennedy said the problems for pension savings continued last year, despite good investment returns. At the end of 2009, there were 254,325 members in 1,192 defined benefit schemes that were subject to the funding standard, and 332,163 members in 95 defined benefit schemes excluded from the funding standard.
Aer Lingus faces route competition
Aer Lingus is to face competition on the much-vaunted Washington DC Dulles to Madrid route that opens next month as part of a venture with United. Iberia, the Spanish carrier that hopes to merge with British Airways by the end of the year, recently confirmed it is re-launching a summer service between the two cities, beginning the day after the Aer Lingus flights commence.
Eircom forced to lower line charge
Telecoms watchdog ComReg yesterday confirmed it has instructed Eircom to reduce the charge it imposes on competitors for monthly rental of a telephone line from the incumbent's exchanges to homes and businesses to €12.41. A sub-loop is the line that runs from a street-side cabinet to a home or business. Telecoms group ALTO said the local loop unbundling charges in Ireland remain among the highest in Europe. Comm-unications Minister Eamon Ryan welcomed the decision.