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Thursday, 19 July 2012

Financial Times

• Aer Lingus rejects ˜not credible™ RyanairIrish flag-carrier points to regulatory hurdles faced by the bidder as it dismissed the €694m cash offer as inadequate on valuation grounds
• American Airlines boosted by fare riseThe financially troubled parent company of American Airlines announces its first headline second-quarter net profit for five years

The Guardian

• Heathrow may be hit by Olympic strike after border staff vote for actionBorder officials vote for one-day strike and ongoing work-to-rule over pay and conditionsBorder officials have voted for industrial action, raising the spectre of strikes affecting passport queues at Heathrow during the busiest days of the Olympics.Members of the Public and Commercial Services (PCS) union have agreed in principle to strike and other action, which could include an ongoing work-to-rule, in protest against eroded pay and working conditions and the privatisation of civil service jobs, and to highlight what they describe as a

Daily Express

• EasyJet hits out at Stelios in Sir Mike Rake clashBUDGET airline easyJet yesterday urged shareholders to block efforts by founder Sir Stelios Haji-Ioannou to oust chairman Sir Mike Rake following criticism of his role at Barclays bank.

Metro

• Aer Lingus shoots down Ryanair's takeover planIrish airline Aer Lingus urged shareholders to reject the latest takeover bid from rival Ryanair because its offer was ˜absurdly™ low. Aer Lingus say bid by rival airline Ryanair undervalues the business (Picture: PA) The carrier also warned European and British competition authorities could block any merger proposals. ˜Aer Lingus is a robust and profitable airline with a proven business model, a strong balance sheet and an internationally recognised brand,™ the airline said in a letter. ˜Your board™s unanimous view is that Ryanair™s offer to acquire control of Aer Lingus for €1.30 (£1) pe...

East Anglian Daily Times

• Stansted: Airport highlights business opportunities for small firmsREPRESENTATIVES from more than 100 local and regional firms have received an insight into business opportunities at Stansted Airport.

Aviation Industry

• Easyjet website now easier on the moveMobile optimised site launched

Other News Sources

• Cambridge airport opens door to big private jetsOperators given fee incentives