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xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_crime-law"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/crime-law/courts" aria-hidden="true" tabindex="-1">Courts</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/property" aria-hidden="true" tabindex="-1">Property</a><button aria-expanded="false" aria-controls="header_sub_section_property" aria-label="Show Property sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_property"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/property/residential" aria-hidden="true" tabindex="-1">Residential</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/property/commercial-property" aria-hidden="true" tabindex="-1">Commercial Property</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/property/interiors" aria-hidden="true" tabindex="-1">Interiors</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/food" aria-hidden="true" tabindex="-1">Food</a><button aria-expanded="false" aria-controls="header_sub_section_food" aria-label="Show Food sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_food"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/food/drink" aria-hidden="true" tabindex="-1">Drink</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/food/recipes" aria-hidden="true" tabindex="-1">Recipes</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/food/restaurants" aria-hidden="true" tabindex="-1">Restaurants</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/health" aria-hidden="true" tabindex="-1">Health</a><button aria-expanded="false" aria-controls="header_sub_section_health" aria-label="Show Health sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_health"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/health/your-family" aria-hidden="true" tabindex="-1">Your Family</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/health/your-fitness" aria-hidden="true" tabindex="-1">Your Fitness</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/health/your-wellness" aria-hidden="true" tabindex="-1">Your Wellness</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/health/your-fitness/get-running" aria-hidden="true" tabindex="-1">Get Running</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/life-style" aria-hidden="true" tabindex="-1">Life & Style</a><button aria-expanded="false" aria-controls="header_sub_section_life-style" aria-label="Show Life & Style sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_life-style"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/life-style/fashion" aria-hidden="true" tabindex="-1">Fashion</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/tags/beauty/" aria-hidden="true" tabindex="-1">Beauty</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/life-style/fine-art-antiques" aria-hidden="true" tabindex="-1">Fine Art & Antiques</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/life-style/gardening" aria-hidden="true" tabindex="-1">Gardening</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/life-style/people" aria-hidden="true" tabindex="-1">People</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/life-style/travel" aria-hidden="true" tabindex="-1">Travel</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/culture" aria-hidden="true" tabindex="-1">Culture</a><button aria-expanded="false" aria-controls="header_sub_section_culture" aria-label="Show Culture sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_culture"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/culture/art" aria-hidden="true" tabindex="-1">Art</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/culture/books" aria-hidden="true" tabindex="-1">Books</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/culture/film" aria-hidden="true" tabindex="-1">Film</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/culture/music" aria-hidden="true" tabindex="-1">Music</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/culture/stage" aria-hidden="true" tabindex="-1">Stage</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/culture/tv-radio" aria-hidden="true" tabindex="-1">TV & Radio</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/environment" aria-hidden="true" tabindex="-1">Environment</a><button aria-expanded="false" aria-controls="header_sub_section_environment" aria-label="Show Environment sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_environment"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/environment/climate-crisis" aria-hidden="true" tabindex="-1">Climate Crisis</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/technology" aria-hidden="true" tabindex="-1">Technology</a><button aria-expanded="false" aria-controls="header_sub_section_technology" aria-label="Show Technology sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_technology"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/technology/big-tech" aria-hidden="true" tabindex="-1">Big Tech</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/technology/consumer-tech" aria-hidden="true" tabindex="-1">Consumer Tech</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/technology/data-security" aria-hidden="true" tabindex="-1">Data & Security</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/technology/gaming" aria-hidden="true" tabindex="-1">Gaming</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/science" aria-hidden="true" tabindex="-1">Science</a><button aria-expanded="false" aria-controls="header_sub_section_science" aria-label="Show Science sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_science"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/science/space" aria-hidden="true" tabindex="-1">Space</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><a class="c-link" href="/media" aria-hidden="true" tabindex="-1">Media</a></li><li class="section-item" data-testid="nav-chain-section-item"><a class="c-link" href="/abroad" aria-hidden="true" tabindex="-1">Abroad</a></li><li class="section-item" data-testid="nav-chain-section-item"><a class="c-link" href="/obituaries" aria-hidden="true" tabindex="-1">Obituaries</a></li><li class="section-item" data-testid="nav-chain-section-item"><a class="c-link" href="/transport" aria-hidden="true" tabindex="-1">Transport</a></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/motors" aria-hidden="true" tabindex="-1">Motors</a><button aria-expanded="false" aria-controls="header_sub_section_motors" aria-label="Show Motors sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_motors"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/motors/car-reviews/" aria-hidden="true" tabindex="-1">Car Reviews</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><a class="c-link" href="/listen/" aria-hidden="true" tabindex="-1">Listen</a></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/podcasts" aria-hidden="true" tabindex="-1">Podcasts</a><button aria-expanded="false" aria-controls="header_sub_section_podcasts" aria-label="Show Podcasts sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div 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href="/business/transport-and-tourism/iag-third-quarter-profit-soars-as-iberia-improves-1.1588363">IAG third quarter profit soars as Iberia improves</a></h2></div></div></article><article class="b-flex-promo-card b-flex-promo-card__right-left c-it-border__bottom c-it-border--mobile c-it-border--tablet c-it-border--desktop"><figure class="c-media-item"><a class="c-link b-flex-promo-card__link" href="/business/transport-and-tourism/new-road-signs-with-parity-for-irish-may-be-introduced-1.1587458" aria-hidden="true" tabindex="-1"><img fetchpriority="low" data-chromatic="ignore" alt="New road signs with parity for Irish may be introduced" class="c-image b-flex-promo-card__mobile-image-16-9 b-flex-promo-card__desktop-image-16-9" loading="lazy" src="https://www.irishtimes.com/resizer/v2/QWVTP3R2IVVAOGUXBLGEKHIY5A.jpg?smart=true&auth=1c91539e734c63b5e04f1d81794ad26037cced9223012e6b7155af09f25c0cf7&width=274&height=154" 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aria-hidden="true"/><div class="c-stack b-numbered-list__item" data-style-direction="horizontal" data-style-justification="start" data-style-alignment="unset" data-style-inline="false" data-style-wrap="nowrap"><p class="c-paragraph">2</p><a class="c-link" href="/health/2025/03/25/auditors-uncover-more-than-200-cases-of-overpayment-in-hse/"><h2 class="c-heading">Auditors uncover hundreds of cases of overpayment in HSE worth more than €5 million</h2></a><a class="c-link b-numbered-list__item-image" href="/health/2025/03/25/auditors-uncover-more-than-200-cases-of-overpayment-in-hse/" aria-hidden="true" tabindex="-1"><img data-chromatic="ignore" alt="" class="c-image" loading="lazy" src="https://www.irishtimes.com/resizer/v2/IFHDSOW7WJBFTPCUUX5YDDAOBQ.png?smart=true&auth=ec1397a77e41d70f9e7469e1c5e702a60c98c04a3c22756af616f1638f1ba689&width=274&height=182" 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€173 million by a deadline for existing shareholders to subscribe to its cash call via pledges and bank guarantees and expected to raise the rest from the state-owned postal service and other investors.","type":"text"},{"_id":"EOS6CDDBGNE4DKSH7OY7ZNAUL4","content":"Top shareholder Air France-KLM, with a 25 per cent stake, refused to take up its share of the cash call, saying Alitalia’s new business plan pledging severe cost cuts was not enough to save the stricken Italian carrier without its creditors writing off some of its huge debts.","type":"text"},{"_id":"NIUVIRONPVA4FJHYGLH54G3RME","content":"The Franco-Dutch group has so far been seen as the most suitable carrier to come to Alitalia’s rescue.","type":"text"},{"_id":"Y52VRYDQ75GC7KQ4RC5U63EUTQ","content":"The emergency cash, part of a bigger rescue package engineered by the government to keep Alitalia’s aircraft in the air, is seen as a stopgap measure giving the airline a few more months to find a partner to help revamp the group.","type":"text"},{"_id":"NGVFFHX2JZHQZAB3QKTJS5KMTM","content":"But with €700,000 of daily losses and net debt of €800 million Alitalia could soon have to ground its planes.","type":"text"},{"_id":"IQFUJ3X7BJE4TF2SXBR6FE4UJ4","content":"The failure to fully cover the capital increase illustrates that some of Alitalia’s existing investors have doubts that the carrier, which has made a profit only sporadically in its 67-year history, can be turned around.","type":"text"},{"_id":"G3GEFTNQ2ZCCTGFQDDG7NIANOM","content":"“Not even Alitalia’s own shareholders believe that the company can be rescued,” said Andrea Giuricin, a transport analyst at Milan’s Bicocca University, who has written a book on the airline. “Even if they get to €300 million, Alitalia remains very weak and this cash will only give it maximum six months.”","type":"text"},{"_id":"C5LA3MNWJVB7XI76HHRL23F7TE","content":"Alitalia said yesterday it had received the €173 million by the November 27th deadline in pledges from current shareholders and guarantee payments by Italy’s top two banks Intesa Sanpaolo and UniCredit.","type":"text"},{"_id":"JXVWLGIDLJFJ7BVY3RZMF7UH3I","content":"The airline expects to sell remaining unsubscribed shares in a second phase of the cash call that ends on December 10th.","type":"text"},{"_id":"GU2NVW2JXVBG5KN2FX3QAUKB4Q","content":"Italy’s postal service, which the government brought into the rescue plan last month, has said it would invest €75 million and the airline hopes to convince other investors to stump up the remainder.","type":"text"},{"_id":"UFJBBLBQOVB4LFR4DNDW4YHK2Y","content":"“Given the information received to date and taking into account subscription commitments already made, the company believes that the conditions exist for the capital increase to be fully covered,” Alitalia said.","type":"text"},{"_id":"IO3FAWS2ERH6JNEKZMGHUZ4UIA","content":"Air France-KLM said earlier this month Alitalia’s cost-cutting plans were not enough to save the stricken carrier without its creditors writing off some of its debts.","type":"text"},{"_id":"BQWDHCNOZBC5HEJ5DLHHKEJWJQ","content":"Alitalia has some attractive assets: Europe’s fourth-largest travel market, 24 million passengers a year and competitive airport slots that allow travellers to fly back and forth to Italian cities at convenient times of the day.","type":"text"},{"_id":"BSIGKR6UHZARRM34FIKHZP3ZCY","content":"But the inclusion of the postal service and banks, which the government convinced to guarantee up to €100 million, will leave Alitalia with shareholders who have little knowledge of how to operate an airline successfully, Giuricin said.","type":"text"},{"_id":"FXM2P3SAURHI3KOG6E6OR5EANA","content":"Analysts said Air France-KLM could still revive its interest in Alitalia via a takeover offer next year, but only if Alitalia manages to offload some debt.","type":"text"},{"_id":"OS7DXWFMMFECPAVJOWVMP5MQCI","content":"Italian media have mentioned Germany’s Lufthansa, Russia’s Aeroflot or 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Gigginstown apparently has a propensity for last-minute amendments. At Fairyhouse last week, stewards suspended another O'Leary horse – Devil's Bride, which sounds like a reference to Christophe Mueller of Aer Lingus – for two days after they refused to accept a late change on the grounds that the going had changed.","type":"text"},{"_id":"PESCLT4LJBFGRBQV45QV4PH5BU","additional_properties":{},"content":"O'Leary responded rather deliciously this week in the <em>Racing Post</em>: \"You would swear we were some bunch of spivs running around organising betting coups. We don't punt our own horses, I have no interest in that...\"","type":"text"},{"_id":"OXXQDGUS4JG57IEETYFREP3MCI","additional_properties":{},"content":"Warming to his theme, he continued: \"If we don't get [the Fairyhouse decision] overturned at the Turf Club, we'll go to the High Court. For some steward to say that there wasn't sufficient change in the going is pure rubbish. Is there a rule or not? Or can these people just make it up as they go along?\" Sounds just like the old days, when O'Leary was giving it to all and sundry on behalf of Ryanair. 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Since travel industry outsider Harriet Green took over as chief executive 16 months ago, it has achieved a steady improvement in its finances through job cuts, store closures and disposals to reduce debt.","type":"text"},{"_id":"NPSWTMJG3ZCYFKVREUTF443BFM","additional_properties":{},"content":"The company posted earnings before interest and tax up a forecast-beating 49 per cent to £263 million in the year to September 30th, helped by strong demand for holidays to Spain, the Canary Islands and Turkey.","type":"text"},{"_id":"KEGQ6UVGGJGGZB6WTJPXJOMPPU","content":"Thomas Cook now aims to cut costs by £440 million by 2015. 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Irishman Declan Treacy, a former GPA executive, is among the founding partners of Cloud Investment.","type":"text"},{"_id":"QZ7EHP7I2FHQBP54JW5ZB5EB4Q","content":"The exploratory talks come at a crucial time for the 400 employees at the Lufthansa Technik Airmotive plant in Rathcoole, where Lufthansa Technik is thought to be laying the ground work for a closure around the middle of next year if no other solution can be reached.","type":"text"},{"_id":"ET7WHWDJOBH3XBZTJ364X4V7AM","additional_properties":{},"content":"\"We would be interested,\" said Mr Treacy from Florida yesterday. He said the company had not yet discussed the matter with IDA Ireland but was close to signing a non-disclosure agreement with Lufthansa Technik. This would give Cloud Investment access to LTAI's financial data, allowing it to make a decision on whether to proceed with an offer or not. Mr Treacy said Cloud Investment's partners have experience of buying and turning around a comparable facility in the Czech Republic. Any deal with LTAI would probably involve retaining the plant's repair, maintenance and testing facilities, he added, emphasising that Cloud Investment's interest was \"so preliminary\".","type":"text"},{"_id":"7R4H7C5SS5BBPCLQGF562AICWA","content":"It has meanwhile emerged that if LTAI proceeds to closure, it is likely one-fifth of its staff will leave the company in January, with the remainder exiting until June. The company is thought to be preparing redundancy terms that would apply in the event of closure, with this likely to be presented to union representatives late next week.","type":"text"},{"_id":"4PBM6AEKR5A6DCTBN7LHWEUDEU","additional_properties":{},"content":"LTAI said on November 15th it was considering closing the plant and would begin a 30-day consultation process with its staff. The company yesterday confirmed the employee negotiations were continuing, with talks now adjourned until next week. It said it continued to seek \"an alternative solution\". \"To this end, discussions are still ongoing with IDA Ireland, Lufthansa Technik in Hamburg, and at least one outside third party\" the company told <em>The Irish Times</em>. IDA Ireland did not comment yesterday.","type":"text"},{"_id":"SS5N22HC2VCHZL4EFESCX4OU3Y","content":"When signalling the possible closure of the plant a fortnight ago, LTAI pointed to declining revenues and shrinking market opportunities.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Úna McCaffrey"}},"name":"Úna McCaffrey"}]},"description":{"basic":"Company in early discussions with US aviation specialist Cloud Investment Partners"},"display_date":"2013-11-29T01:00:00Z","headlines":{"basic":"US aviation player explores Lufthansa Technik takeover"},"promo_items":{"basic":{"_id":"SHZBKHBB3AW4OYRU35HGGYCBKU","auth":{"1":"ff24e04eb80fd41a2a463f2d11f8fe20b49f7dfa6cd6a4f63df7a710f02b4fa5"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/SHZBKHBB3AW4OYRU35HGGYCBKU.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/us-aviation-player-explores-lufthansa-technik-takeover-1.1610926","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"BR3QTIL6W4ALPUEIH4ADACYT5Q","additional_properties":{},"canonical_url":"/business/transport-and-tourism/alitalia-raises-less-than-two-thirds-of-cash-call-1.1610779","content_elements":[{"_id":"RIVQJ7X4URHCJNYEMMITDUBR2Q","additional_properties":{},"content":"Italian airline Alitalia received less than two-thirds of the €300 million it was seeking in an emergency cash call, and said it expected to raise the rest from the state-owned postal service and other investors. The cash, part of a bigger rescue package engineered by the government, is seen as a stopgap measure giving Alitalia months to find a strategic investor.","type":"text"},{"_id":"OI3PTCKTONCUJKXXIXMZSEPVGU","additional_properties":{},"content":"Alitalia said it had received €173 million by the deadline for existing shareholders to subscribe to its rights issue, including guarantee payments made by Italy's two largest banks Intesa Sanpaolo and UniCredit.","type":"text"},{"_id":"VRKMBSGG4NBA7DBXWZLENWZPCQ","additional_properties":{},"content":"Top shareholder Air France-KLM, with a 25 per cent stake, refused to take up its share of the cash call, saying Alitalia's new business plan pledging cost cuts was not enough to save the Italian carrier without its creditors writing off some of its huge debts. – (Reuters)","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Airline raises €173m including bank guarantees but still needs partner to stay afloat"},"display_date":"2013-11-29T01:00:00Z","headlines":{"basic":"Alitalia raises less than two-thirds of cash call"},"promo_items":{"basic":{"_id":"PYEKWZFNKAA2YADUTFC2E6CCVU","auth":{"1":"cb2503d0b40f76f04114134956df036d4e6baa9b6469a036a7b54ede5abb10eb"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/PYEKWZFNKAA2YADUTFC2E6CCVU.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/alitalia-raises-less-than-two-thirds-of-cash-call-1.1610779","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"FXXT6T5IRB4P2ERHV2W6542ZGQ","additional_properties":{},"canonical_url":"/business/transport-and-tourism/judge-clears-way-for-anticipated-merger-of-amr-and-us-airways-1.1609692","content_elements":[{"_id":"VS5KYVNOVNHZ3DG6TEW5IYKXXE","additional_properties":{},"content":"<br/>The long-running effort to merge US Airways and the bankrupt parent of American Airlines looks close to success after a bankruptcy court judge threw out a last-minute private effort to block the deal and cleared it to go ahead.","type":"text"},{"_id":"3O3W4NBZDNFWJCZUD6I2VGOB7M","additional_properties":{},"content":"US Airways and AMR Corporation said they expected the two companies to merge on December 9th before markets opened. They anticipate the merged airline to be the US's largest by sales.","type":"text"},{"_id":"VFLN6MBA2ZBGTAW2OTVUZ4SOZU","content":"Sean Lane, the judge who has handled AMR’s case since it sought bankruptcy protection in November 2011, dismissed an effort by Joseph Alioto, attorney for a private group seeking to block the transaction, to delay closing.","type":"text"},{"_id":"424XQ27GPFHGVBFPA2KI7MEHRA","additional_properties":{},"content":"The judge ruled that the merger could go ahead while Mr Alioto's clients pursued their private antitrust claim over the deal. He approved a deal earlier this month between the merging firms and the US Department of Justice that averted the department seeking a block on the deal.<br/><br/><strong>Giving up slots<br/></strong>The companies agreed to give up take-off and landing slots at Washington's Reagan National Airport and New York's LaGuardia Airport and two gates at each of Boston Logan, Chicago O'Hare, Dallas Love Field, Los Angeles International and Miami International airports.","type":"text"},{"_id":"ANLUVBAQIJH6ZFXTZOXR6W5DZI","content":"Mike Trevino, a spokesman for American Airlines, said the judge’s rulings were “another important step” on the company’s path towards emerging from bankruptcy and merging with US Airways.","type":"text"},{"_id":"D3ZIBGPPT5EXTPA32B5CZNAOVE","content":"“The new American will compete on a global scale with a network that benefits our people, our customers and the communities we serve,” he said.","type":"text"},{"_id":"VKNQOMB645B4ZEKBY7B6P2T4EY","content":"Mr Alioto was seeking a temporary restraining order to prevent the deal going ahead while his clients sought depositions from Doug Parker, chief executive of US Airways, and Tom Horton, AMR’s chief executive. Mr Parker will become chief executive of the newly merged company, while Mr Horton will be chairman.","type":"text"},{"_id":"5LWMV7KQUFDWZGC74AI3KWDNL4","content":"AMR will emerge from bankruptcy through a merger with US Airways announced in February. US Airways shareholders will receive 28 per cent of the shares; AMR’s creditors will receive the remainder. At yesterday’s US Airways share price of $23.89, the new firm will be valued at $16.8 billion.","type":"text"},{"_id":"PYQ5DHSW4RD2LHWOGR3XAW5PKI","additional_properties":{},"content":"The two companies have said they plan to start merging their operations in January. The new airline will use the American Airlines name. It will belong to the Oneworld Alliance led by Europe's International Airlines Group. US Airways will leave the Star Alliance, led by Germany's Lufthansa.","type":"text"},{"_id":"5WCIL3S4BBFBXC4VRGPO34EGDY","content":"Shares in AMR, thinly traded on an over-the-counter exchange, rose 1.25 per cent to $12.12.","type":"text"},{"_id":"S5H7V2G4AVAY5EHT4OFKQIKL6Y","content":"– (Copyright The Financial Times Limited)","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Bankruptcy court judge Sean Lane rejects private effort to delay the deal"},"display_date":"2013-11-27T21:57:14Z","headlines":{"basic":"Judge clears way for anticipated merger of AMR and US Airways"},"promo_items":{"basic":{"_id":"QZPG37Z2YEHG5PNWOQHINXD2NI","auth":{"1":"865d60bb65cd03df3a0679d1ed6a9f433861349f9fd88cd6343fce4f62bba657"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/QZPG37Z2YEHG5PNWOQHINXD2NI.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/judge-clears-way-for-anticipated-merger-of-amr-and-us-airways-1.1609692","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"G5ZGPB4JNDKINUXV3FMHSE2M5I","additional_properties":{},"canonical_url":"/business/transport-and-tourism/jurys-inn-to-rebrand-three-of-its-london-hotels-as-hiltons-1.1608400","content_elements":[{"_id":"O33CU3R6NBDKDL3OT2VY2YZVPE","additional_properties":{},"content":"<br/>The Jurys Inn group has struck a franchise deal with Hilton Worldwide to rebrand three of its prime London hotels as members of the Hilton stable.","type":"text"},{"_id":"O367LKALBBEV5MSDIJIAZUXMRQ","content":"Jurys Inn, which is part-owned by Ulster Bank and owns 33 hotels, will spend £20 million as part of the deal to upgrade the properties in Islington, Chelsea and at Heathrow Airport, which will all be rebranded next year.","type":"text"},{"_id":"UZTG35REFZBGDMWU4VUJWLHB5U","additional_properties":{},"content":"The Islington and Chelsea properties will next summer adopt the DoubleTree by Hilton moniker, the same upscale four-star brand used by Blackstone earlier this year when it relaunched the Burlington hotel in Dublin. The Heathrow property will become a Hilton Garden Inn in about 12 months.","type":"text"},{"_id":"DXMHXIY55RBVXFJ4TUGAUZQPU4","additional_properties":{},"content":"<br/>Franchise arrangement<br/>Jurys Inn will continue to own and operate the hotels, paying a percentage of turnover to Hilton as a franchise fee. The remaining 29 hotels in the group","type":"text"},{"_id":"2XGFGRZFNNGALCPNGQAW3DXOVQ","content":"– in Ireland, Britain and the Czech Republic – will continue to operate under the Jurys Inn brand.","type":"text"},{"_id":"EH7NXZ3J3JC6PD4JPNQHGUB37U","additional_properties":{},"content":"The first hotel to be renovated will be the 172-bed property in Chelsea and will open as a DoubleTree in April. The Islington property is scheduled for completion in October. And the 364-bed Heathrow property will have its bedrooms and public areas renovated before opening as a Hilton Garden Inn in December. Chief executive of Jurys Inn John Brennan said the deal will enable it to boost revenues and prices in three of its most valuable properties.","type":"text"},{"_id":"WKKGV2W3LZEVBIUHLTZQ76VYLY","additional_properties":{},"content":"<br/>Premium brand<br/>\"We asked ourselves how we could leverage these locations further, but we were never going to give up managing them ourselves,\" said Mr Brennan.","type":"text"},{"_id":"LSRLAAQNUBEDBHIYHBTRXE5U3U","content":"It would have been too expensive for Jurys Inn to create its own premium brand, so it chose Hilton after talking to other candidates, he added.","type":"text"},{"_id":"KRYJRFVTBVF7BAZKO3JVJ7IDYQ","content":"The hotels will continue to feature on the Jurys Inn website, as well as Hilton’s global network, after the rebrand.","type":"text"},{"_id":"OYMDXENRHVFKTC3REWF7L2PPHE","additional_properties":{},"content":"The group, whose shareholders include Avestus Capital, Oman Investment Fund and Mount Kellett Partners, negotiated a £300 million debt write-off earlier this year from Ulster, IBRC and AIB.","type":"text"},{"_id":"S2ZEMJFY5VCQ5FHBPVZPK2UATM","content":"It still owes about £290 million to IBRC, which is marketing its loans. Mr Brennan would not comment, but Jurys Inn is believed to be preparing a bid for its own loans.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Mark Paul"}},"name":"Mark Paul"}]},"description":{"basic":"Group to spend £20m as part of the deal to upgrade the properties"},"display_date":"2013-11-27T01:00:00Z","headlines":{"basic":"Jurys Inn to rebrand three of its London hotels as Hiltons"},"promo_items":{"basic":{"_id":"WSVKJBGCUDDHZCZWMGX3LWZENM","auth":{"1":"c1e6e0ca7489d1746925a2297dc1dc551935f771c645cc6504bb2eb5c01d245b"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/WSVKJBGCUDDHZCZWMGX3LWZENM.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/jurys-inn-to-rebrand-three-of-its-london-hotels-as-hiltons-1.1608400","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"4CEOUKFVUNI5DB3X7SINMAYPAY","additional_properties":{},"canonical_url":"/business/transport-and-tourism/new-luas-to-get-163m-funding-from-european-investment-bank-1.1607866","content_elements":[{"_id":"C4BGARH2RNFZVLO422O6MVFODU","additional_properties":{},"content":"The European Investment Bank has agreed in principle to provide funding for the Luas cross-city link in Dublin, Minister for Transport Leo Varadkar has said.","type":"text"},{"_id":"K6ZY3LUJPJHDLJBCVLMEARHCGQ","content":"The new Luas line will connect the existing Green and Red lines through the city centre before continuing north to the new DIT campus planned for Grangegorman, then on to Phibsborough and Cabra where it will terminate at the Iarnród Éireann station at Broombridge.","type":"text"},{"_id":"KAMRQOURLRC7RMVUUQ3B2RERME","content":"The estimated cost of linking the two Luas lines is €368 million, with works expected to be completed before the end of 2017.","type":"text"},{"_id":"L5222PCZ4NH2FCGSTTWKC7M2QA","content":"Speaking to RTE this morning Mr Varadkar said EIB interest rates were generally about 1 per cent lower than the rate the Government would otherwise get on the markets.","type":"text"},{"_id":"D6LH7EUKGFD37DDI4IRXIDKCUQ","content":"“The board of the European Investment Bank has endorsed the Luas cross city project and has agreed to provide a low interest loan to Ireland to help fund the cost of construction.”","type":"text"},{"_id":"HZDZMXE74FHTRB5PV7CZLTL7DY","content":"“They are willing to make up the €163 million available, which is roughly half the cost of the project.”","type":"text"},{"_id":"QAY7KOJIP5EDJO2AZMBYLTH77Q","content":"He added that 800 jobs would be created in the construction of the project, and 60 once it is finished.","type":"text"},{"_id":"FN5W2TVUE5BZNAGF7ENDOYORQQ","content":"Negotiations with the bank are due to start in the coming days. It is hoped they will be finalised early next year.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"name":"Pamela Newenham"}]},"description":{"basic":"Line will connect the existing Green and Red lines in capital"},"display_date":"2013-11-26T08:48:02Z","headlines":{"basic":"New Luas to get €163m funding from European Investment Bank"},"promo_items":{"basic":{"_id":"63HKNGSJIKSIATKS4W2LNVADCY","auth":{"1":"2960597332048f713293a76a136781479bc2842c5d112070b8a8c1f9c640c47a"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/63HKNGSJIKSIATKS4W2LNVADCY.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/new-luas-to-get-163m-funding-from-european-investment-bank-1.1607866","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"DVSSE74X35BUBQGPAAIKY3H6GE","additional_properties":{},"canonical_url":"/business/transport-and-tourism/ryanair-poised-to-offer-flights-to-russia-1.1607171","content_elements":[{"_id":"YPADUS2JG5C2NOA7LIUGNPMQKQ","additional_properties":{},"content":"<br/>Ryanair is likely to commence flights between Ireland and Russia next autumn after it emerged that Russian aviation regulator has granted the airline permission to fly to destinations there.","type":"text"},{"_id":"TSQEQE25Y5BLJP6YEPEZYWPAQE","content":"The Irish airline signalled earlier this year it was in talks with airports in Russia, among other countries, about the possibility of opening services between that country and other European destinations.","type":"text"},{"_id":"HGHNRWWCFJA5VC5FFQGR3VRAVA","additional_properties":{},"content":"Reports yesterday said that Sergei Isvolsky, a spokesman for Russia's federal transport agency, Rosaviatsia, had confirmed that the country will allow the airline to fly regular Dublin to Moscow and St Petersburg services.","type":"text"},{"_id":"QCMTGOH3VJER3OELMZB6UAWB6M","content":"Although Rosaviatsia has given the carrier permission to fly from March, it is thought it will be next autumn before Ryanair launches the services.","type":"text"},{"_id":"4ZJGN2PLRZAUJGH5NIKXZEHHEA","content":"The company said it does not comment on speculation, but did confirm that it has had “exploratory” talks with a number of Russian airports.","type":"text"},{"_id":"UT2JB3S72BAOXMBOAP2ZEAK36Q","content":"“Ryanair is currently in discussion with over 100 European airports,” it said, adding that it always keeps the door open to new route options.","type":"text"},{"_id":"R4OIQJD3WNB3ZIUKM3TMAYEXSA","content":"Russia is not part of the international Open Skies agreement that has opened up access to most European countries to Ryanair. Instead, the Republic and Russia have a bilateral agreement allowing flights between the two states.","type":"text"},{"_id":"GW7ITRHR5RARHMOFXBSHE4YFFI","additional_properties":{},"content":"The Department of Tourism, Transport and Sport confirmed that it has designated Ryanair to operate services under this agreement.<br/><br/><strong>Rivals in Russia<br/></strong>A number of Ryanair's rivals already serve Russia, including Easyjet, which began services from Gatwick in London to Moscow Domodedovo last March and subsequently launched a service from Manchester to the Russian capital.","type":"text"},{"_id":"YSSNFLHKYRBQBA6DMD6WJOVRGQ","additional_properties":{},"content":"Russian airline Aeroflot has plans to launch its own low-cost carrier. A previous Russian budget airline venture, Avianova, failed in 2011 after one of its shareholders, Alfa Group, removed its management. If Ryanair wants to fly to Russia from other European countries, it will have to do separate deals with the authorities there.","type":"text"},{"_id":"GMK52IMKRBA5VOZPBTMRCGLW7U","content":"The airline last week announced plans to add nine new routes and expand services from London Stansted.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Barry O'Halloran"}},"name":"Barry O'Halloran"}]},"description":{"basic":"Russian aviation regulator grants Michael O’Leary’s airline permission to fly"},"display_date":"2013-11-25T20:58:59Z","headlines":{"basic":"Ryanair poised to offer flights to Russia"},"promo_items":{"basic":{"_id":"BPRKRISJI2VLUF2NXMYSWKNLFQ","auth":{"1":"9e63b725c1d4773254b17e6565148499978522158d91856061397e3986424645"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/BPRKRISJI2VLUF2NXMYSWKNLFQ.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/ryanair-poised-to-offer-flights-to-russia-1.1607171","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"ZAKEHPASW5KVPLEKKFKLT32X74","additional_properties":{},"canonical_url":"/business/transport-and-tourism/ryanair-set-for-dublin-moscow-route-1.1606841","content_elements":[{"_id":"PPYQDLPKKRCPXI7XD4JFTDCXII","additional_properties":{},"content":"Ryanair has been granted permission to fly to destinations in Russia from March next year by the country's aviation authority. The Federal Air Transport Agency, known as Rosaviatsia, will allow the airline to start regular flights on routes from Dublin to Moscow and St Petersburg.","type":"text"},{"_id":"CLWUDUOZE5HMHHNP5O2WOOL5II","content":"Ryanair is in “exploratory” talks with a number of airports as potential destinations, according to the Dublin-based carrier’s spokesman Robin Kiely.","type":"text"},{"_id":"YO4KGH4P7BG63JZ6XENE6KC55I","additional_properties":{},"content":"\"Ryanair has had discussions with a number of Russian airports, but they are purely exploratory at this time,\" Kiely said in an e-mailed statement. Russian President Vladimir Putin last year backed plans for low-cost flights, which will require legal changes to permit non-refundable tickets, charging for meals and the hiring of foreign pilots. OAO Aeroflot, Russia's largest airline, plans to establish a discount unit of its own at a cost of $100 million after specialist no-frills operators EasyJet and Wizz Air targeted its home market.","type":"text"},{"_id":"OBM4P3646BAULDNYZZS3HDC6NE","content":"Ryanair chief executive officer Michael O’Leary said in September the airline was looking at new routes in North Africa, Israel and Russia. “This is a bilateral agreement between Ireland and Russia so it’s no open-skies policy,” Alexander Kazbegi, a transport analyst at Renaissance Capital in Moscow, said by phone. “If Ryanair wants to fly from other European locations, they need to approach governments there to do a deal with Russia.”","type":"text"},{"_id":"EIQF6SF37JEBJD44XOGQXK4SKU","content":"Ryanair operates more than 1,600 daily flights, connecting 180 destinations in 29 countries, according to its website. EasyJet, Europe’s second-largest low-cost carrier after Ryanair, began flights from London Gatwick airport to Moscow Domodedovo on March 18th and began serving the Russian capital from Manchester 10 days later. Wizz Air, a low-cost airline based in Hungary, added flights to Moscow Vnukovo airport on September 23rd.","type":"text"},{"_id":"PHIAEHMR6VDJ7LJINCDLTJQWRI","additional_properties":{},"content":"The Aeroflot proposal comes after the failure of previous discount ventures SkyExpress and Avianova, which closed in 2011 despite being backed by billionaire Mikhail Fridman's Alfa Group and US private equity firm Indigo Partners. Former billionaire Alexander Lebedev sold his low-cost carrier Red Wings Airlines in April for 1 ruble (3 cents) to an unspecified group of investors, four months after one of its planes crashed at Vnukovo Airport.","type":"text"},{"_id":"K3CIG6D5TBHH7E6ME327JIZKPA","content":"<strong>Bloomberg</strong>","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Irish airline gets permission from Russia’s aviation authority to fly from Dublin to Moscow and St Petersburg."},"display_date":"2013-11-25T14:31:55Z","headlines":{"basic":"Ryanair set for Dublin-Moscow route"},"promo_items":{"basic":{"_id":"SB3R45ZRGJ5OGPLRHGDWTSA6TE","auth":{"1":"a91655eb19011b8e97422a417f4318457fe5c5acacc1f84200c351b071f5dc34"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/SB3R45ZRGJ5OGPLRHGDWTSA6TE.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/ryanair-set-for-dublin-moscow-route-1.1606841","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"FREQFP4TEN72X2YMBP3EKWTDQE","additional_properties":{},"canonical_url":"/business/transport-and-tourism/fota-gets-go-ahead-for-7-million-expansion-1.1604680","content_elements":[{"_id":"2GBRNG5D7FEVXE57OFOKCGKTG4","content":"Fota Wildlife Park","type":"text"},{"_id":"MPH43HDDRVB6NCUFOA6MSIEICM","content":"in Cork is pushing ahead with an estimated €7 million expansion plan after receiving planning permission this week for a development that will increase the size of the park by 40 per cent.","type":"text"},{"_id":"5K4TUJGIYZBPFBWBZ43T6MYV6I","content":"Fota will begin work on the first phase of the 26-acre development, costing some €2 million, early in the new year.","type":"text"},{"_id":"GMB3BIRKRJEDHNZG7HZIYW54WU","content":"Sean McKeown, director of Fota Wildlife Park, said it hoped to have the Asian Sanctuary open to visitors by the summer.","type":"text"},{"_id":"NH3273V5WJFKPBGAA7V3WXTMOU","content":"It will include several Sumatran tigers, which are a protected species and rare in the wild, and plans to breed them.","type":"text"},{"_id":"X2NPDIQ7BNBCFASXLZGE3SGBRI","content":"It will also include visayan water pigs from the Philippines and visayan spotted deer.","type":"text"},{"_id":"TARCUIYTXRFWRCPIIGDEOLPZKI","content":"The expansion plan is split into four phases, which Fota hopes to have completed before the planning permission runs out in five years. It currently only has funding in place for the first phase.","type":"text"},{"_id":"RXQEB3TD2JA7HFLYTVFDZH2K4E","content":"Mr McKeown said the park, which attracts close to 400,000 visitors annually and is one of Munster’s biggest tourist attractions, hopes to obtain some State funding, possibly through one of the Government’s job-creation schemes.","type":"text"},{"_id":"TR4N3OKAERA2POPCGQQXKDTP2E","additional_properties":{},"content":"<br/><strong>Employee numbers</strong><br/>Fota employs 100 staff during peak times and 40 all year round, but estimates employee numbers could be boosted by 25 per cent from the expansion.","type":"text"},{"_id":"VQCI35NS4JFLTOOF5V2EDUANRM","content":"Mr McKeown said it is also seeking corporate sponsors to pay for the upkeep of some of its animals.","type":"text"},{"_id":"Y32VTTZVH5E65AXS77INLKQEHY","content":"“We will try every avenue for funding. It would be great if we could attract a corporate sponsor for a tiger, or an Indian rhino or an Asian lion.”","type":"text"},{"_id":"26FD7DSOZ5DVZCI3F2DZDZK3ZY","content":"Early next year Fota, which also funds conservation projects in Ireland and Asia, will also open an animal care and conservation centre, which should further boost visitor numbers.","type":"text"},{"_id":"O43AM6YQTZH37IORMUSEZAZHDM","content":"Mr McKeown said visitor number dipped sharply in the early part of the year.","type":"text"},{"_id":"M43ERR6OGNAGBL2RUPPYS4NPWE","content":"“It was the effects of the cold spring. It was terrible – numbers were down 30 per cent by mid-May.”","type":"text"},{"_id":"BOYFNQAE5BFODI33PMFCKNSTBY","content":"Numbers recovered later in the year, he added, and Fota expects this year’s overall performance to match last year.","type":"text"},{"_id":"7UC7B7L5RFDNLIYALGSU7CH25Y","content":"The park filed accounts this week for 2012, which showed total revenues of just over €4 million, down from more than €4.2 million in 2011.","type":"text"},{"_id":"IRKVFDYJLZCMRIEJX7RHRBWU6I","content":"It recorded a surplus of about €460,000 and has net assets of €6.6 million.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Mark Paul"}},"name":"Mark Paul"}]},"description":{"basic":"After collapse of Celtic tiger, wildlife park hopes Sumatran tigers will boost visitors"},"display_date":"2013-11-23T07:37:21Z","headlines":{"basic":"Fota gets go-ahead for €7 million expansion"},"promo_items":{"basic":{"_id":"VOOMAGEJZZ3L3G4UCY2XRBZREI","auth":{"1":"3d6fe8f9f767aa77767c8752ed3d64c22ad381d74eea777d9c946a9467f708d8"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/VOOMAGEJZZ3L3G4UCY2XRBZREI.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/fota-gets-go-ahead-for-7-million-expansion-1.1604680","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"OJWHBBX26TSIDWT2BFKMORI3PY","additional_properties":{},"canonical_url":"/business/transport-and-tourism/cantillon-a-very-different-tale-about-corporate-tax-1.1604504","content_elements":[{"_id":"ZTAIBIVTERETXLBUORWGGYWV74","additional_properties":{},"content":"The latest <em>Paying Taxes</em> report from PricewaterhouseCoopers/the World Bank at first glance tells a very different tale to the reports carried in this newspaper and elsewhere about Dublin-based multinationals paying very little tax on whopping great turnovers and profits.","type":"text"},{"_id":"3VJ5SYTLJBDJTG736LIA2LNEAA","content":"According to the PwC/World Bank report, Irish corporates pay an average effective tax rate of 12.3 per cent, almost exactly the 12.5 per cent statutory rate that applies to non-passive corporate profits.","type":"text"},{"_id":"DJTZGVULLJAH5LH5TDI47PNX2I","content":"This compares with an EU average effective tax rate of 12.9 per cent, and a global effective rate of 16.1 per cent. Germany has a corporation tax rate of between 30 per cent and 33 per cent, but an effective tax rate of only 8.1 per cent, while for France the comparative figures are 33.3 per cent and 8.7 per cent.","type":"text"},{"_id":"KAHVS6QNQNFN3HOZZJ43KEHMZ4","additional_properties":{},"content":"So much for low corporation tax Ireland. Bundestag and the Right Honourable Margaret Hodge MBE take note.","type":"text"},{"_id":"Z5DYHZXRMVAVLJZJV7OWCWP2SU","content":"But all of that has little to do with the type of arrangements that have prompted some, including senators from Washington DC, to label Ireland a tax haven.","type":"text"},{"_id":"SIBFU7P2UZBFNKGD3QQJ5TNUHM","additional_properties":{},"content":"The type of arrangement organised by some multinationals, including such technology giants as Microsoft and Google, involves Irish-registered companies that have huge turnovers from international sales being subjected to licence or royalty fees by fellow Irish-registered subsidiaries that are resident, for tax reasons, in some real tax haven such as Bermuda or the Cayman Islands.","type":"text"},{"_id":"SVCZQDC4JJA3RNPJW6AXY3P2HQ","content":"Such arrangements do not impact on the results of the PwC/World Bank study, as the “profits” made by the two Irish-registered companies are mostly recorded in some small Caribbean isle for the purposes of taxation (or, more correctly, non-taxation).","type":"text"},{"_id":"IZ3WUUC2VBH3PK4ZFACRFVE6FY","additional_properties":{},"content":"PwC, in its commentary on the <em>Paying Taxes</em> report, praised the Irish regime, saying the rates, the ease of use, the transparency of the system, and the low number of taxes levied on corporates was a credit to the legislators, the Revenue service and the tax practitioners who had worked together on a wide range of issues to make Ireland an easy country in which to do business.","type":"text"},{"_id":"L4ZQZBVRZNEHJDQNAK4QZHFXGI","content":"If the OECD and others do close down the type of aggressive avoid-tax-at-all-costs schemes used by Google et al, Ireland Inc is likely to benefit.","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Report finds Irish corporates pay an average effective tax rate of 12.3 per cent"},"display_date":"2013-11-23T01:00:01Z","headlines":{"basic":"Cantillon: A very different tale about corporate tax"},"promo_items":{"basic":{"_id":"NWGUOKAPZYMYEDKLP5Y5NM7A24","auth":{"1":"f3ab332e6c7267baa45f25e37085480293f55a065d5f8d619150c15d9d0188b5"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/NWGUOKAPZYMYEDKLP5Y5NM7A24.jpg"}},"subtype":"opinion","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/cantillon-a-very-different-tale-about-corporate-tax-1.1604504","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"K645ZRUQOZ6SCUHT4LYV7C4TWM","additional_properties":{},"canonical_url":"/business/transport-and-tourism/daa-s-tweetman-to-show-the-rest-how-it-s-done-1.1602871","content_elements":[{"_id":"6P36HFAFOFCGFACQJYJABPRBTI","additional_properties":{},"content":"Paul O'Kane, the director of public affairs at Dublin Airport Authority (DAA), has caught the eye of his industry peers with his constant twittering.","type":"text"},{"_id":"KZA7DOAJJNFZXDGZLZP2HBQABA","additional_properties":{},"content":"The European branch of Airports Council International (ACI), the umbrella group for airports worldwide, has appointed him chairman of its new digital communications forum.","type":"text"},{"_id":"OINCLKFGA5HVNDH4RKF3ZAE6QU","additional_properties":{},"content":"O'Kane, a former business editor of the <em>Sunday Tribune</em>, is a particularly prolific member of Ireland's Twitterati. His smartphone must be almost embedded into his hand at this stage, such is the volume of generally entertaining tweets he rattles off for DAA, not to mention his own personal feed.","type":"text"},{"_id":"E2U3HIST2JDFJKTDM6JV357Q2A","content":"The DAA, apparently, has emerged as one of the top airports globally in Twitter terms – it is 83rd largest in the world in terms of passenger numbers, but seventh largest on Twitter, with 47,000 followers. DAA’s Twitter feed was also voted best in the (airport) world last year at the Moodies aviation industry awards. O’Kane gave the ACI a speech on how to harness social media in February, and they recently asked him to head up their new digital forum, which is an “ideas exchange” group aimed at promoting better social media usage among European airports.","type":"text"},{"_id":"VUCRZLW4OREQZFVGXOIQWULJBA","content":"#dontforgetthedayjobPaul","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Mark Paul"}},"name":"Mark Paul"}]},"description":{"basic":""},"display_date":"2013-11-22T01:04:00Z","headlines":{"basic":"DAA’s Tweetman to show the rest how it’s done"},"promo_items":{"basic":{"_id":"MIEH2USG6BTXCJCBQPQEWSUFSU","auth":{"1":"075ce73ee961c25e93f0b6cd4d9415710085c694b035cd1ce72e1ab49de2a9a7"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/MIEH2USG6BTXCJCBQPQEWSUFSU.jpg"}},"subtype":"opinion","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/daa-s-tweetman-to-show-the-rest-how-it-s-done-1.1602871","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"NNTVXGIQRFO6K6UPNG2FYDXCDE","additional_properties":{},"canonical_url":"/business/transport-and-tourism/ireland-most-effective-in-eu-for-business-tax-1.1603119","content_elements":[{"_id":"6ANMN5GW7BCBXEAGBBMO5FRBJA","content":"Ireland is the top country in the EU when it comes to the ease with which businesses can handle their tax obligations, according to a new study.","type":"text"},{"_id":"HOZ5WQMHONFBPLMOJ7IJNMF47I","additional_properties":{},"content":"The latest annual <em>Paying Taxes </em>report from the World Bank/PwC ranks Ireland sixth in the world in terms of the ease of paying business taxes.","type":"text"},{"_id":"BOZ5J3GV7ZGPTPQOMCUQUJ5ISY","content":"It finds that the fictional business used in its study would have to devote 80 hours complying with the Irish tax regime compared to an average in Europe of 179 hours.","type":"text"},{"_id":"URA6LQTGO5C2ZPAMLTZPIZ4LOM","content":"Ireland also scored well on the number of taxes that a business had to deal with, and the total tax take from corporate profits (25.7 per cent as against an EU average of 41.1 per cent).","type":"text"},{"_id":"YVBFYQWHQNAWFBPJDOBZEWQM44","content":"On corporation tax, the study found that Ireland has an effective corporation tax rate of 12.3 per cent, very close to its statutory rate of 12.5 per cent.","type":"text"},{"_id":"LHNFWPO2JZAM7NZVZM5TKX3N4M","content":"The average effective tax rate in Europe was 12.9 per cent, and globally was 16.1 per cent.","type":"text"},{"_id":"7HD2ZUFUURFXVHYIFGZLHQCKZU","content":"Ireland’s tax system is one of the most efficient in terms of bureaucracy and administrative burden when it comes to paying, filing, time spent and the amount of tax levied on businesses,” said PwC.","type":"text"},{"_id":"DHYVS7QS6ZBNHDPGEJIAXZ3XT4","content":"The study’s findings include the following statutory/effective corporation tax rates: Germany (30-33 per cent/8.1 per cent); France (33.3 per cent/8.7 per cent); and the UK (25-21 per cent/21.6 per cent).","type":"text"},{"_id":"KSNZE5ZSI5DU3GWM2OFT7T42OU","content":"“The survey confirms that Ireland’s tax system is the most effective and straightforward in the EU,” said Fergal O’Rourke, head of tax at PwC Ireland. “While no-one likes paying tax, the Irish tax system makes it relatively easy to comply with the rules and is much less bureaucratic system compared to other EU countries.”","type":"text"},{"_id":"XGU2ZJQMWBHSLMSEXFY7PN7CLI","content":"According to the study, a typical Irish company spends just over a quarter of its total commercial profit in taxes, spends two weeks dealing with its tax affairs and makes a tax payment nearly every six weeks. Globally this compares to the typical company paying nearly half of its commercial profit in taxes, spending over seven weeks dealing with its tax affairs, and making a tax payment every two weeks.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Colm Keena"}},"name":"Colm Keena"}]},"description":{"basic":"Effective rate for corporation tax close to EU average, report finds"},"display_date":"2013-11-22T01:00:00Z","headlines":{"basic":"Ireland most effective in EU for business tax"},"promo_items":{"basic":{"_id":"PDGGN4I7IOA3IDHSEJ4DVYITSQ","auth":{"1":"857e06201f35495adac11940cd9b708162095870746d5cc59922a20b5d401573"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/PDGGN4I7IOA3IDHSEJ4DVYITSQ.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/ireland-most-effective-in-eu-for-business-tax-1.1603119","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"L4DVLOZWDWVJMFAM6IE4D3X2YU","additional_properties":{},"canonical_url":"/business/transport-and-tourism/ryanair-may-have-to-repay-german-aid-1.1603251","content_elements":[{"_id":"RXAC6CC25ZCGNHU3X2ENA56WNQ","additional_properties":{},"content":"Ryanair is facing a possible attempt by the German authorities to force it to repay millions in state aid following a European court ruling yesterday.","type":"text"},{"_id":"WJCI34QYDFCBJNK2EOH4MD4OZY","additional_properties":{},"content":"The airline yesterday announced details of 12 new services to and from Stansted airport in England that it said would boost passenger numbers from next year by 1.3 million annually.","type":"text"},{"_id":"QMRIPQFSMFF4VLCMWPZRFFO3EA","additional_properties":{},"content":"Shortly before the announcement, the European Court of Justice (ECJ) issued a ruling that paves the way for Ryanair's rival, Lufthansa, to demand that German courts order the Irish carrier repay state aid by Frankfurt Hahn Airport.","type":"text"},{"_id":"QOND52NRKJHIDEHS7HUKPJUH7Q","additional_properties":{},"content":"The case stems from an investigation the European Commission launched in 2008 into the fact Ryanair benefited from a substantial reduction of fees at the airport, which also provided some marketing support for the routes it operated.","type":"text"},{"_id":"5LJTD4ZZ4VFQPG2SDK6X7ZPCPY","additional_properties":{},"content":"Two German states, Rhineland Palatinate and Hessen, and the Federal Republic itself, have shares in the firm that owns the airport and the commission suspected the cut in charges and marketing support constituted illegal state aid.","type":"text"},{"_id":"7XJIFGVXSFG23EUJCBZQSFDG6A","additional_properties":{},"content":"<br/><strong>Charleroi precedent</strong><br/>That inquiry is still ongoing, along with 19 similar ones. Ryanair has argued several times in the past that the commission already cleared a similar deal with Charleroi airport in Belgium, which means that its arrangement with Frankfurt Hahn is not state aid.","type":"text"},{"_id":"XUY5ABM4N5FIJCZE5GUNXRKOA4","content":"However, yesterday’s ruling was on a related case taken by its local competitor, Lufthansa, which argued that, under European law, once the commission’s investigation began, the aid should be frozen and any benefit received up to that point should be recouped from Ryanair.","type":"text"},{"_id":"WIXWYUR6RBCRRLZUQ5X3HG2VWM","content":"The ECJ ruled in Lufthansa’s favour and it is expected that the German airline will go back to the German courts and ask them to order that Ryanair repay the aid.","type":"text"},{"_id":"2W4K776QTRAVDCIF4NNEP32P34","content":"If the investigation finds that the Irish airline did not receive state aid, the cash will be repaid. There was no figure available for the amount involved.","type":"text"},{"_id":"K2KGOSK4UVFQLIH6JN64XHK6AU","content":"In response, Ryanair said it “welcomes the clarity today’s European Court judgment brings and will study the ruling in detail”.","type":"text"},{"_id":"CIAWSL7KWVFWFKX23OB5EOE57I","content":"“The European Courts in December 2008 already dismissed European Commission state aid claims against Ryanair when it found, in the Charleroi case, that Ryanair’s airport agreements complied with EU competition rules. Ryanair’s arrangements with all EU airports comply with competition rules,” it added.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Barry O'Halloran"}},"name":"Barry O'Halloran"}]},"description":{"basic":"Case revolves around airline’s fee cut and marketing aid from Frankfurt Hahn Airport"},"display_date":"2013-11-22T01:00:00Z","headlines":{"basic":"Ryanair may have to repay German aid"},"promo_items":{"basic":{"_id":"UENZB3YSZ7I2DZH6YKW3UHANR4","auth":{"1":"7ff1640785933ec55c401a2cef7373b19ad75f697d54eb40604fb4a3bd3cd718"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/UENZB3YSZ7I2DZH6YKW3UHANR4.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/ryanair-may-have-to-repay-german-aid-1.1603251","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"57PSTXVPWRP2MFD5HTWHPP4UZY","additional_properties":{},"canonical_url":"/business/transport-and-tourism/gloomy-news-from-china-and-us-weighs-on-markets-1.1603075","content_elements":[{"_id":"XCRQO4TSZVA7NKRAL4DSUQ2TLE","additional_properties":{},"content":"The Iseq remained broadly flat as shares slid elsewhere across Europe, following gloomy news from China and the US. A gauge of manufacturing in China dropped more than forecast, while anxiety mounted among traders that the US Federal Reserve will soon pare back stimulus measures.","type":"text"},{"_id":"MSUCKQ46LVGI3MVEFGP54OUWSA","content":"Minutes released yesterday from the Fed’s October meeting showed it expects further improvement in the US jobs market and “would thus warrant trimming the pace of purchases [of bonds] in coming months”.","type":"text"},{"_id":"TPABKSHWGBACTN3YUTQAXWGENI","additional_properties":{},"content":"National benchmark indexes retreated in nine of the 18 western European markets. The UK's FTSE 100 and Germany's DAX were little changed, while France's CAC 40 dropped 0.3 per cent.<br/>DUBLIN<br/>Independent News & Media continued its recent good run, gaining 5.26 per cent to close at 14c. The company has announced a 7cent a share price for its upcoming share issue, which is designed to raise €40 million. Dermot Desmond is set to double his stake to become the second largest shareholder in the company, while the staff pension scheme will also be allocated shares.","type":"text"},{"_id":"PHEHOALI65DSNLPL4BPP5CKETY","content":"C&C, the Clonmel-based maker of the Bulmers-Magners cider brand, dropped by 0.66 per cent on good trading volumes. Its rival, SAB Miller, yesterday reported a modest contraction in Europen operations.","type":"text"},{"_id":"LPCQIL3BERBNBD4TVXUT4OAFKU","additional_properties":{},"content":"Aer Lingus climbed 1.28 per cent to close at €1.35. This followed the news that staff at Shannon had accepted proposals to reduce cabin crew on new transatlantic flights.<br/>LONDON<br/>British American Tobacco declined 2.4 per cent to £3.28, and Imperial Tobacco Group lost 2.6 per cent after Philip Morris International, the world's largest publicly traded tobacco company, said international cigarette volumes may drop as much as 3 per cent next year.","type":"text"},{"_id":"JMNAZFDJJREMVANTK7NVAMYU3U","content":"Daily Mail and General Trust, the publisher of the Daily Mail newspaper, climbed 2.6 per cent to £8.62. The company said contribution from national newspapers to group revenues dropped to 36 per cent this year from 43 percent in 2012. It forecast full-year revenue of £1.8 billion.","type":"text"},{"_id":"GE6PRB2RLBAFVAGLHREG7NKP3I","additional_properties":{},"content":"Intermediate Capital, a London-based money manager, fell 3.4 per cent to £4.45 after it was downgraded by Numis, which said that half-year results were weaker than expected. It reported a rise in first-half pretax profit to £155.3 million from £39.6 million.<br/>EUROPE<br/>Atos dropped 4.1 per cent to €61.70 after it emerged shareholder PAI Partners is selling 8.9 million shares in the French computer services supplier for €61.25 each. Earlier, Atos said it is studying potential acquisitions to help make its Worldline unit Europe's biggest payments company.","type":"text"},{"_id":"GMFNR6HIIRE3ZFXQCUFLAH4KUA","content":"Actelion gained 1.8 per cent to 75.55 Swiss francs, after a Citigroup analyst said the biotechnology company was “an intriguing potential target” for AstraZenec, another Swiss drugs giant.","type":"text"},{"_id":"XYQQFSBHHZAGBBQXRNYMLHOH5Q","additional_properties":{},"content":"It was a good day for German power companies. RWE added 2.9 per cent after Reuters reported that Russian billionaire Mikhail Fridman may join a group of investors to bid for its oil and gas unit. EON gained 1.3 per cent to €14.09 after the Social Democratic Party's call to increase nuclear fuel tax by 30 per cent was omitted from the latest discussion document for coalition talks.<br/>NEW YORK<br/>Activist investor Carl Icahn reported a 12.6 per cent stake in medical device maker Hologic, prompting the company to adopt a shareholder rights plan to protect itself from hostile takeovers. Hologic shares rose 3.2 per cent to $23.","type":"text"},{"_id":"NTUPFWYVDFDRTDLSZQQGFHLL24","content":"Sears Holdings, which operates its eponymous department stores and the Kmart discount chain, reported a wider quarterly net loss as sales fell and it invested in more promotions. Shares edged up 0.5 per cent to $62, reversing a pre-market drop.","type":"text"},{"_id":"NAP6GIIDRZGY5CQFFES3UFLPXI","content":"Youth clothing outfit Abercrombie & Fitch reported a quarterly loss, with comparable-store sales declining for a seventh straight quarter as it struggles with the changing tastes of young shoppers, but its shares added 0.4 percent to $35.13 after having also fallen in pre-market trading.","type":"text"},{"_id":"JTACH3JU2FEFVCYFND4RU3IOP4","additional_properties":{},"content":"Shares of General Motors rose 2.4 per cent to $38.59 after the US Treasury Department said it expected to sell its remaining GM shares by the end of the year, a plan that may leave US taxpayers with a shortfall of about $10 billion on the its 2009 bailout. – (Additional reporting: Bloomberg and Reuters)","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Mark Paul"}},"name":"Mark Paul"}]},"description":{"basic":"Anxiety mounts that US Federal Reserve will soon pare back stimulus measures"},"display_date":"2013-11-21T20:13:17Z","headlines":{"basic":"Gloomy news from China and US weighs on markets"},"promo_items":{"basic":{"_id":"SRNGI77NFT2DKFFGYSKYDHGJXM","auth":{"1":"471923a6c715278e63c37e728b03d0d82bbe68f34a4ddf181239e9d29e943797"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/SRNGI77NFT2DKFFGYSKYDHGJXM.jpg"}},"subtype":"opinion","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/gloomy-news-from-china-and-us-weighs-on-markets-1.1603075","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"UV5NQQP7B3MBXU4YOQGWKQVJJI","additional_properties":{},"canonical_url":"/business/transport-and-tourism/us-plans-to-exit-gm-stake-by-end-of-year-1.1602930","content_elements":[{"_id":"M34S3NF2TJAJXEU5HDD3SIAT34","additional_properties":{},"content":"The US treasury department says it expects to sell its remaining shares of General Motors by the end of the year, a plan that may leave taxpayers with a shortfall of about $10 billion on the car-maker's 2009 bailout.","type":"text"},{"_id":"VCFN4QH2MVGYZPW75HI2KAWFEI","additional_properties":{},"content":"Officials said the department had completed the sale of 70.2 million shares of GM stock and to date had recouped $38.4 billion from the $49.5 billion taxpayer-funded rescue of the Detroit company. At current prices, treasury would recoup another $1.2 billion from its remaining stake, bringing its total recovery to $39.6 billion.","type":"text"},{"_id":"DZWZZ3J4KBCCHH4BP5OT5L6ZWU","content":"“Our goal was never to make a profit,” said a treasury official. “It was to save the US auto industry.”","type":"text"},{"_id":"OIWLCRGM3JEI3ELDV5XLIN53YY","content":"Treasury said the sale would take place by the end of the year, subject to market conditions and if average daily trading volumes continued at recent levels. – ( Reuters)","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Move may leave taxpayers with $10bn shortfall on original bailout"},"display_date":"2013-11-21T17:50:28Z","headlines":{"basic":"US plans to exit GM stake by end of year"},"promo_items":{"basic":{"_id":"XWIGSRCGRFABVXIYVY6CIYDGOA","auth":{"1":"3cdccf3c18099ce4f5d6d3669c74d2f6efadfe26cc942a1b1e8aef9a08de2269"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/XWIGSRCGRFABVXIYVY6CIYDGOA.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/us-plans-to-exit-gm-stake-by-end-of-year-1.1602930","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"L22JXIGBB2AJYC76QVNADZ577Q","additional_properties":{},"canonical_url":"/business/transport-and-tourism/clarence-hotel-gets-continued-support-1.1602551","content_elements":[{"_id":"6G755JYD5ZCURCLHPGCYLWT7IA","additional_properties":{},"content":"Accumulated losses at the Clarence Hotel in Dublin fell slightly last year, according to accounts for Brushfield Ltd, the company under which the hotel trades. Accumulated losses at the end of 2012 were €2.37 million, down from €2.45 million at the end of the previous year.","type":"text"},{"_id":"R7ZLZIIEAFHRFCTIM5PQX75ZK4","content":"The company continues to meet day to day working capital requirements by way of interest-free loans from its shareholders, according to the accounts, and the support will continue for the foreseeable future.","type":"text"},{"_id":"4UBYW5Z3S5HSPM47C3AJR7H6EQ","additional_properties":{},"content":"Shareholders' loans at the end of the year were €769,583. The company is owned equally by businessmen Derek Quinlan and Paddy McKillen, and by Alison Hewson, wife of Bono, and David Evans (the Edge), with the latter two shareholders being represented by way of their company, Lorijudd Investments.","type":"text"},{"_id":"SZPZGKDCHJF5JCUUDBMLU32XBE","additional_properties":{},"content":"The directors of Brushfield are Liam Cunningham and Ronnie Delaney.","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Owners include the Edge from U2 and Alison Hewson, wife of Bono"},"display_date":"2013-11-21T11:45:45Z","headlines":{"basic":"Clarence Hotel gets continued support"},"promo_items":{"basic":{"_id":"ADUFIYTEQZTVRVRGZSEDWZGN7M","auth":{"1":"4218cc96476f61d6fc78b83cb96eb8ff6962b36ddf5124112a7143204ecbf709"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/ADUFIYTEQZTVRVRGZSEDWZGN7M.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/clarence-hotel-gets-continued-support-1.1602551","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"CSUF4R3TRDSM5D7GDYHE2IAUOE","additional_properties":{},"canonical_url":"/business/transport-and-tourism/deere-offers-upbeat-forecast-on-construction-rebound-1.1601702","content_elements":[{"_id":"AONCW6GIWZEARD6WNGXFG5IQ2A","content":"Deere & Co offered a surprisingly upbeat earnings forecast for 2014 yesterday, saying sales of construction and forestry equipment in the coming year should offset an anticipated slowdown in demand for agricultural machinery.","type":"text"},{"_id":"QOQ3LQAGIVG5LEUIW5N253YTRQ","content":"Shares in the world’s largest maker of tractors and harvesters rose 2.6 per cent in afternoon trading on the New York Stock Exchange after the company issued the outlook and reported higher-than-expected fourth-quarter results.","type":"text"},{"_id":"YLMJQNOAPBDIFJB2GRXR37NPWE","content":"The past five years have been great for farmers and companies like Deere that supply their equipment.","type":"text"},{"_id":"OT6UCUELCVH77CNYKOJ4TKTWBY","content":"However, Deere acknowledged worldwide sales of agriculture and turf equipment would fall about 6 per cent in 2014 but its other businesses are expected do well as the housing recovery gains traction, it said. – (Reuters)","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Lower commodity prices to weigh on tractor sales"},"display_date":"2013-11-20T19:55:57Z","headlines":{"basic":"Deere offers upbeat forecast on construction rebound"},"promo_items":{"basic":{"_id":"6JEBW6DPZ4ZIFTPPNNETTD5VTE","auth":{"1":"34c77136d21f53341885e4b946a12d59d3048d2787857c5270b81cfafac06e8e"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/6JEBW6DPZ4ZIFTPPNNETTD5VTE.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/deere-offers-upbeat-forecast-on-construction-rebound-1.1601702","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"VQ35GSIWQVG6GOIUL25WCQ3JXE","additional_properties":{},"canonical_url":"/business/transport-and-tourism/aer-lingus-says-unions-dropping-support-for-pension-fund-proposals-1.1600522","content_elements":[{"_id":"N6L7TDMOXZBBDFZ6U2RGTVZTMQ","additional_properties":{},"content":"Aer Lingus has accused trade unions of withdrawing their support for Labour Court proposals designed to resolve the €780 million shortfall in a pension fund the airline operates jointly with Dublin Airport Authority.","type":"text"},{"_id":"NHDK7I6UCNFVFPPXJV67HIMWBI","additional_properties":{},"content":"For the last six months, the companies, unions and the trustees of the scheme, the Irish Airlines Superannuation Scheme (IASS), have been debating Labour Court recommendations designed to end an ongoing dispute over the shortfall.","type":"text"},{"_id":"EBSW3CBHN5HA5BIZNX7RB5C7BY","content":"These involve freezing the IASS and putting the remaining assets into low-risk investments to preserve their value, while at the same time, opening a new fund using a €110 million contribution from Aer Lingus to cover existing staff, and €30 million for workers who have left but not reached retirement.","type":"text"},{"_id":"MTOHQ6LU4ZC4LEPK5RL2ZDDFKY","additional_properties":{},"content":"<br/><strong><strong>Assets<br/></strong></strong>In a letter to the Irish Congress of Trade Unions (ICTU), Aer Lingus argues that workers' representatives have added two new requirements that were not included in the Labour Court's recommendations: that staff get all benefits accrued to date in the scheme; and that the assets be invested in a lower-risk portfolio than originally proposed.","type":"text"},{"_id":"VE5F2IPMEJA65GXJFTKG7PG6JA","content":"“The introduction by the trade unions of these two new requirements is effectively equivalent to a withdrawal of support for the Labour Court recommendations relating to Aer Lingus,” the airline’s director of people and change, Michael Grealey, says.","type":"text"},{"_id":"BX33GCJVWNBA3FHAVFOTONIV74","additional_properties":{},"content":"The letter is a response to a number of issues raised by ICTU industrial officer Liam Berney. Following concerns raised by the trustees, the unions argue that the €110 million contribution required from Aer Lingus is no longer enough to cover the airline's reponsibilities and want it to address this.","type":"text"},{"_id":"F4CMULC2OVC4VEAUGHTYMKHBHU","content":"They also argue that they understood that the Labour Court recommendations would deliver 100 per cent co-ordinated coverage, that is, that their members get all benefits that they have built up in the IASS.","type":"text"},{"_id":"P6TJHTOIY5F73MHHOJTAOCARWA","content":"Aer Lingus disputes that this was ever contemplated by the Labour Court and says that this request, along with the call for the lower risk portfolio, are simply designed to justify the request that the company increase its contribution.","type":"text"},{"_id":"O7HBO6DR6NCDBOF43MCZGZQNBM","content":"ICTU also demanded that Aer Lingus immediately pay a salary increase recommended by the Labour Court. The company says that it will do this, and include back pay to September of this year, once agreement has been reached on the pensions issue and all aspects of that deal are implemented.","type":"text"},{"_id":"TZDZRV7XEBBWZFB3BMJ2M6YXY4","content":"In a similar vein, the company says that it cannot comply with a request that it release the €110 million contribution until that agreement is reached, and the trustees freeze the IASS. Aer Lingus plans to seek shareholder approval before it makes the contribution.","type":"text"},{"_id":"JPUKC576OVANHPI5DK7C2EDWRU","additional_properties":{},"content":"<br/><strong><strong>Approval<br/></strong></strong>Aer Lingus does say that it shares the unions' goal of shifting existing staff and employers' contributions from the IASS to a new defined contribution scheme. However, it adds that this can only be achieved following the approval and agreement of all parties involved. That would include a full vote of all members of the IASS, active, deferred and retired.","type":"text"},{"_id":"2ONAMPUH6ZFL5GSTBNOONIP36I","content":"The dispute over the shortfall in the pension scheme has been running for a number of years. The matter went to the Labour Court in January following a threat of industrial action by staff 12 months ago.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Barry O'Halloran"}},"name":"Barry O'Halloran"}]},"description":{"basic":"Company says trade unions backing away from plans to solve €780m pension row"},"display_date":"2013-11-20T01:01:00Z","headlines":{"basic":"Aer Lingus says unions dropping support for pension fund proposals"},"promo_items":{"basic":{"_id":"CJSLLF66UY54TETS5ZEF2XRHVM","auth":{"1":"34072b6ff6603d5bb45fcaed62e0050bd7764f81b2eff8db6627e2be8fc3cd76"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/CJSLLF66UY54TETS5ZEF2XRHVM.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/aer-lingus-says-unions-dropping-support-for-pension-fund-proposals-1.1600522","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"YBKFALJA7KOYDATW3GJ7QLPAUM","additional_properties":{},"canonical_url":"/business/transport-and-tourism/easyjet-profits-soar-by-51-1.1599869","content_elements":[{"_id":"M3BGHAXREFH7XOFRDHF7LDSUOY","content":"EasyJet’s annual profits soared 51 per cent after efforts to attract more business travellers saw it fly more than 60 million passengers for the first time.","type":"text"},{"_id":"RLJOCJ7DQZBPLONP65PHHWPPCY","content":"The low-fares carrier hailed the success of recent initiatives, such as allocated seating and fast-track security, for boosting its popularity with more affluent, older fliers and business passengers.","type":"text"},{"_id":"TLRIN2BB6RG5FNGXN75ZFRPJ2M","content":"Profits surged to a new high of £478 million (€569 million) in the year to September 30, up from £317 million — while easyJet offered yet more cheer to investors as it revealed plans to hand out a £175 million windfall to shareholders through a special dividend payment.","type":"text"},{"_id":"HVP2UE3BC5HOBJPECNAXA77KHM","content":"Chief executive Carolyn McCall said easyJet was benefiting from its advantage in the European short-haul market as rivals have cut their operations in recent years.","type":"text"},{"_id":"YXJ3BJMX4ZCQ5CSYYALNAAX6XA","content":"It is also benefiting from moves to target business travellers and said its share of the market had increased by 4 per cent, with 10 million corporate fliers a year.","type":"text"},{"_id":"4HYKLHNSXRE3HHBEMQCJK27CQA","content":"Allocated seating is proving a hit with wealthier retired people, who had been put off by the boarding experience, easyJet said.","type":"text"},{"_id":"KJECSWCMS5BQFK2YGIW6D27WLM","content":"Bookings for the first half are so far flat on a year earlier, according to the firm.","type":"text"},{"_id":"EOYSX2YJXRF4ZJ3OK56YBV4X2E","content":"Travel restrictions in Egypt will also impact on first-half trading, while easyJet said airport disruption was another challenge as strikes and a recent power outage at Gatwick has already seen 152 more flights cancelled year-on-year in October alone.","type":"text"},{"_id":"TFLZK5GHOVFQTMXWWSOMQS3IOM","content":"Costs will be another headache for the carrier, which is pencilling in a rise of up to £50 million for its annual fuel bill, as well as higher airport charges and maintenance expenses.","type":"text"},{"_id":"K2GWFAGHEBDFBNCZ34ZSIR3ALQ","additional_properties":{},"content":"EasyJet still expects to increase passenger numbers over the year ahead, with seats flown set to rise by around 3.5 per cent in the first half and 5 per cent in the full year - up from a 3.3 per cent increase in the year to September 30.","type":"text"},{"_id":"ER3HN3PMMFEFDBEYFCLD5ALZDQ","content":"The number of those flown in the past year lifted 4 per cent to a new milestone of 60.8 million.","type":"text"},{"_id":"5Q6WWVGKBBAUJEBDZNVX3VF2LA","content":"<strong>PA</strong>","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Shareholders to get £175m windfall through special dividend payment"},"display_date":"2013-11-19T09:45:35Z","headlines":{"basic":"EasyJet profits soar by 51%"},"promo_items":{"basic":{"_id":"DI2IBRGILITEFM2QDQ3UBTKTEQ","auth":{"1":"cfa5b977baa10f204e394910a21c05b37222489e57fdc90204245910d4acd784"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/DI2IBRGILITEFM2QDQ3UBTKTEQ.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/easyjet-profits-soar-by-51-1.1599869","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"PSQETQGEYW3YZJVEPMXC46Q66I","additional_properties":{},"canonical_url":"/business/transport-and-tourism/european-car-sales-rose-4-6-in-october-1.1599841","content_elements":[{"_id":"2EMIEGNMHRFQNCZM7UTR3R6TWQ","content":"European car sales rose 4.6 per cent in October, marking the first consecutive monthly gain in two years.","type":"text"},{"_id":"SEOHIOWRTZFPLGSLSYFSZ25KC4","content":"Registrations advanced to 1.04 million new vehicles last month from 999,266 a year earlier, the Brussels-based European Automobile Manufacturers Association, or ACEA, said today in a statement.","type":"text"},{"_id":"7QEC2QAEJRAVBNK3OCBYIZEKDQ","content":"That narrowed the drop this year to 3.1 per cent, for 10.4 million total deliveries. September sales rose 5.5 per cent.","type":"text"},{"_id":"VRSXO4V7UNCH3OIS5IWOACXADY","content":"A record six-quarter recession in the 17 countries sharing the euro ended in the three months through June, and consumer confidence in the area rose in October.","type":"text"},{"_id":"UHCNIWFVRFFOPOC6YNVVXOE6YE","content":"Demand gained in four of Europe’s top five auto markets, including a 34 per cent jump in Spain.","type":"text"},{"_id":"JIJAG5QLV5FMZLAJS77Y7NJQCQ","additional_properties":{},"content":"Models introduced since late 2012 include Renault's first compact crossover, the Captur, and the latest version of the Opel Insignia.","type":"text"},{"_id":"7TRZERFETFAB7JMSSEYZNQ6XTA","content":"“I’ve got a feeling that things have stopped worsening,” Jean-Francois Belorgey, who runs consulting company EY’s automotive business in France, said by phone before the ACEA published figures.","type":"text"},{"_id":"DEAYTHV7RNEK3A72LVSKB7QFME","content":"“But this might not be enough to tempt people to buy new cars on the long run. Italy is very unsteady, Spain is slowly recovering and France is facing budgetary problems. Only when unemployment starts falling will we see the market really pick up.”","type":"text"},{"_id":"DSLFK7S5MREXVKTKBACXZ5T7NI","content":"The back-to-back increases were the first in the region since August and September 2011, ACEA economics and statistics director Quynh-Nhu Huynh said in an e-mail.","type":"text"},{"_id":"FLG6LYIDPRGCPOGW7EFT6L6LBY","content":"The European car market is still set for a sixth straight full-year contraction following a sovereign-debt crisis that triggered the euro area’s recession.","type":"text"},{"_id":"3LPR5IOX6RCFBOMY7G5PA3QP5M","content":"The region’s economic recovery came close to a halt in the third quarter, and unemployment is at a record-high 12.2 per cent.","type":"text"},{"_id":"S45OXDHNB5ATVGO32KL4K5AVIU","additional_properties":{},"content":"European sales at Volkswagen rose 5.7 per cent in October, propelled by jumps of 24 per cent at the Skoda brand and 15 per cent at the Seat nameplate, while registrations gained 1.4 per cent at the namesake VW marque.","type":"text"},{"_id":"BSLLXTQ455GDJM3NIDLZGYFT5A","additional_properties":{},"content":"The Audi division, the world's second-biggest maker of luxury cars, posted a 0.5 per cent decline.","type":"text"},{"_id":"WD6CU5QCWVAUJMGTBE2PJTC4CY","additional_properties":{},"content":"Renault, based in the Paris suburb of Boulogne-Billancourt, sold 14 per cent more cars in Europe last month. Demand at the entry-level Dacia unit, which has revised the Sandero hatchback and Logan sedan, jumped 16 per cent, while sales at the main Renault brand rose 13 per cent.","type":"text"},{"_id":"GUG4UX7EVBDMPM5FB5WDCZII5Q","additional_properties":{},"content":"GM posted a 6.2 per cent European sales increase as the Chevrolet division sold 6.6 per cent more cars and demand at the European nameplates Opel and Vauxhall rose 6.1 per cent.","type":"text"},{"_id":"YDTQ24NFTBGYLABS3VIH5V772U","additional_properties":{},"content":"European sales at Mercedes-Benz, the world's third-biggest maker of luxury vehicles, rose 8.5 per cent last month. The gain more than offset a 3.6 per cent drop at the Smart city-car unit to boost group registrations at Stuttgart, Germany-based parent company Daimler by 7 per cent.","type":"text"},{"_id":"7QT3PNCB4BD7NNWMFAFZU22PN4","content":"Bayerische Motoren Werke, the global premium-car market leader, sold 0.3 per cent more cars in Europe.","type":"text"},{"_id":"W5453AY4VZESJO6DSGY5SSJXTA","content":"Mercedes has won customers with a refreshed compact lineup, including the all-new CLA-Class coupe, as well as a revamp of the up-market E-Class sedan.","type":"text"},{"_id":"OKVHZT472RH4RM77JVRH2BL2YU","content":"<strong>Bloomberg</strong>","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Increase marks first consecutive monthly gain in two years"},"display_date":"2013-11-19T07:30:34Z","headlines":{"basic":"European car sales rose 4.6% in October"},"promo_items":{"basic":{"_id":"3XHAFIDJQOTB6SL673LICHHT5U","auth":{"1":"2480f6b8a8bcaa0d9042f6e8deb48b6d280a377c539c824bd996816411893d1b"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/3XHAFIDJQOTB6SL673LICHHT5U.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/european-car-sales-rose-4-6-in-october-1.1599841","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"4UZFBRLNSTHHPRTJC3GBRW2TX4","additional_properties":{},"canonical_url":"/business/transport-and-tourism/asia-briefing-on-a-mission-in-china-to-put-ireland-on-the-tourist-trail-1.1599057","content_elements":[{"_id":"UASPFYG5XFEEBIKEFBYKKMWCG4","additional_properties":{},"content":"Rising incomes and an expanding middle class have seen frantic growth in the travel industry, and more than three million tourists from China visit Europe every year, with competition growing between nations to woo the visitors.","type":"text"},{"_id":"VXUCDVHJTJCXRPL3Y3A24BCD4E","additional_properties":{},"content":"Tourism Ireland led its largest ever trade mission to China last week, with 20 Irish companies looking for ways to appeal to the Chinese tourist and increase awareness of Ireland as a destination.","type":"text"},{"_id":"6NVESCHHOZHO3KLGHRD4BZJCEM","additional_properties":{},"content":"\"Outbound travel from China has grown at an exceptionally high rate over recent years, with the number of international trips growing significantly and forecasts for the next decade suggesting an even greater rise. Although awareness of Ireland in China is still quite low, we believe that this market represents a significant opportunity for Irish tourism,\" said Tourism Ireland chief executive Niall Gibbons.","type":"text"},{"_id":"FMWUR25XNVFG7OH5XKLMWV2WMQ","content":"Tourism Ireland is aiming to increase visitor numbers from China over the next five years from about 17,000 visitors in 2012 to 50,000 per year.","type":"text"},{"_id":"R4LIBUSI7BFPNLDL2NTCCPFBKY","additional_properties":{},"content":"\"We are hoping to see a lot more Chinese tourists in Ireland next year and in the years to come,\" said Kieran Fitzgerald of Custom Ireland, who previously spent five years promoting Jiuzhai Valley National Park to western tourists.","type":"text"},{"_id":"4NTNPJ2H7BCMRMRJOMMKXK2RZ4","content":"“With the help of various trade missions and Tourism Ireland’s efforts, the awareness of Ireland in the Chinese market has increased hugely since I first started working out here six years ago,” said Fitzgerald. The figures for the growth of outbound travel from China are impressive, with the number of international trips growing from 10 million in 2000 to 83 million in 2012.","type":"text"},{"_id":"TGTBCCHUIBA6PK7TAGNM2FDOM4","content":"Forecasts for the next decade suggest an even greater rise. China is now the third most lucrative outbound travel market in the world, with Chinese people spending $72.6 billion (€54 billion), according to UN figures, up 400 per cent in the past decade.","type":"text"},{"_id":"FTKAIVFYNNEI3G5TAZNQ3F5DDU","additional_properties":{},"content":"The event involved a week of workshops, presentations and networking events aimed at convincing more than 450 of China's top travel agents and tour operators to encourage them to include Ireland in their 2014 brochures.<br/><br/><strong>Delegation<br/></strong>The delegation included 20 Irish companies which took part in a week-long trip to meet and do business with top travel agents and tour operators, as well as key travel and lifestyle journalists, in the cities of Beijing, Shanghai and Guangzhou.","type":"text"},{"_id":"TZDTC2PQ2VBPPL53WHU2LNFIKU","additional_properties":{},"content":"Among the companies taking part were travel agencies such as Club Travel, Go Europe Travel and Custom Ireland, hotels such as Glasson Country House Hotel, the Shelbourne, Manor House Hotels and the Griffin Hotel Group and destinations including the Guinness Storehouse and Visit Belfast.<br/><br/><strong>Visa waiver<br/></strong>Ireland is not a member of the Shengen treaty. Countries such as Germany and France gain tourists by being members as visitors only require one visa for the whole area. The visa waiver scheme, introduced in 2011, has played an important role in encouraging visitors from emerging markets, such as China, to visit Ireland when they are visiting the UK, as they don't need to get a second visa.","type":"text"},{"_id":"MEEGDTCLEFCEBPX537RFVC2YU4","content":"Tourism Ireland in China reported an immediate and significant increase in interest in Ireland – with 14 leading Chinese tour operators deciding to include Ireland in their programmes or itineraries for the first time ever as a result of the initiative – delivering an estimated 6,000 additional visitors.","type":"text"},{"_id":"3GJX22RZURGQ3AOSMKJU3NED34","content":"“We want to tell the Chinese trade that it is much easier to get a visa for Ireland and the UK. The process is much quicker. The application is online,” said Gibbons.","type":"text"},{"_id":"IY3LYY4IDFG2DPEU4ITIXOMF4M","additional_properties":{},"content":"One of the aims of the delegation is to expand awareness of Ireland by promoting experiences such as Titanic Belfast, which has had more than 7,700 Chinese visitors since opening in 2012, or <em>Riverdance</em>, which is very popular in China. At the end of this November, <em>Riverdance 2 </em>will get its world premiere in China.","type":"text"},{"_id":"QF7LNNRKMBGKHHHUXIKJMWUW2M","content":"Other selling points are world heritage sites such as the cliffs of Moher, which Chinese president Xi Jinping visited last year, and the Giant’s Causeway. Castles are also a big draw. “We want to give Chinese consumers compelling reasons to book their holidays to Ireland. We customise China’s website content, social media platforms and e-zines for maximum appeal with Chinese audience’s tastes and interests in mind,” he said.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Clifford Coonan"}},"name":"Clifford Coonan"}]},"description":{"basic":""},"display_date":"2013-11-19T01:05:00Z","headlines":{"basic":"Asia Briefing: On a mission in China to put Ireland on the tourist trail"},"subtype":"opinion","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/asia-briefing-on-a-mission-in-china-to-put-ireland-on-the-tourist-trail-1.1599057","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"DH4R4BLUY4AGQR637LBVTJZVXQ","additional_properties":{},"canonical_url":"/business/transport-and-tourism/asia-briefing-china-on-journey-to-becoming-major-player-in-rail-technology-1.1599065","content_elements":[{"_id":"3DTFV7ODWNEYJBF6XR567AYT7U","additional_properties":{},"content":"Asia Briefing confesses to being impressed with China's high-speed rail project since enjoying the comfortable journey from Beijing to Shanghai on its inaugural run.","type":"text"},{"_id":"QU4REP57XVHMNBMA77FOEAA3ZI","content":"In just five years, China has built the world’s longest and most heavily used high-speed railway network, with almost 10,000km (6,200 miles) of track. This is expected to rise to 15,000km (9,320 miles) in the next two years.","type":"text"},{"_id":"O7ZGSG36VVEKTJFVB6ZKD3V7BA","content":"The Beijing-Guangzhou line, at 2,298km (1,425 miles), is the world’s longest high-speed rail line, cutting a journey that used to take 22 hours to just over eight.","type":"text"},{"_id":"MEZHJP4Y4BHHLHP46QRGVV3R7U","additional_properties":{},"content":"China is also stepping up efforts to sell high-speed rail overseas. In October, Chinese premier Li Keqiang was pushing Chinese rail technology in Thailand.","type":"text"},{"_id":"DJL55ZKCV5F4PE3UCX2THAWDXI","content":"China has worked on high-speed rail networks in Turkey and Venezuela, and has been in discussions with California about a project there.","type":"text"},{"_id":"QK67TEP5K5C27A3RYFE6UHPM3I","content":"The Wenzhou bullet train crash in 2011 was a major setback, although it appears to have been as a result of bad management rather than technology failure.","type":"text"},{"_id":"EQ5I2NPNFFC2ZOLFBEYZBPBLMM","content":"However, the government tried to defuse some of the hubris surrounding the project, and took a more cautious approach. Confidence in the service is definitely back, and tickets can be hard to get at times.","type":"text"},{"_id":"EYQ77MX4BJBZVEUICYXQTNSMVM","content":"“Switzerland is known for exporting fine watches, while the most sophisticated machinery is believed to be found in Germany, but when it comes to a pleasant trip on a safe, comfortable high- speed train, the world is turning its eyes to China,” ran a commentary on the Xinhua state news agency this month.","type":"text"},{"_id":"5BOQG4RVTBECFATJGA6D2WYGIA","content":"“As the Chinese high-speed railway network grows, it is high time that China exported its technology and expertise, probably starting with neighbouring countries, where its advantages are suited to developing nations and will speed up progress,” it said.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Clifford Coonan"}},"name":"Clifford Coonan"}]},"description":{"basic":"In just five years, China has built the world’s longest and most heavily used high-speed railway network"},"display_date":"2013-11-19T01:04:00Z","headlines":{"basic":"Asia Briefing: China on journey to becoming major player in rail technology"},"promo_items":{"basic":{"_id":"JYXTQ4YKX3M4VZ27VGDFZLJFH4","auth":{"1":"27c288e9ec15b90f46d089d0ea44bd2e759c7008de27a0ff2a77da9c2010ea07"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/JYXTQ4YKX3M4VZ27VGDFZLJFH4.jpg"}},"subtype":"opinion","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/asia-briefing-china-on-journey-to-becoming-major-player-in-rail-technology-1.1599065","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"IMGTQT3OFRQ5WGDZQL3PHM6ELI","additional_properties":{},"canonical_url":"/business/transport-and-tourism/6-9m-loss-for-mcevaddy-aviation-firm-1.1599383","content_elements":[{"_id":"OPP5RMONRZBWNEGR7GUJ5YYH5A","content":"Omega Aviation Services, the Dublin-based aircraft leasing and parts business owned by the McEvaddy brothers, has booked a €6.9 million loss after making a €10 million provision against a loan to a Naas primary care campus that opened in 2008.","type":"text"},{"_id":"HV6BLFBG7VFNPEUX3AQ6YPIMFU","content":"Omega Aviation produced a pre-tax profit of €3 million before the provision against the Naas loan, in the year to the end of 2011.","type":"text"},{"_id":"WXNZUA6GKBFQJFGVOTB6LPDK6Q","content":"The goup’s ability to continue as a going concern is dependent on an improvement in operational performance, according to the accounts.","type":"text"},{"_id":"OOYFXA6D5BBEFGO5M3BK5VMQFE","content":"A spokesman said the aviation business was “going alright” and the group would do its best to also grow the Naas business. He did not want to comment further.","type":"text"},{"_id":"PPROQT2O35EYLOM4GYRG3O3ESA","content":"The accounts say the company expects to make a profit of approximately €1.3 million in 2012, while another group company, Aero Engines Ireland Ltd, forecasts 2012 profits of approximately €500,000.","type":"text"},{"_id":"MLOEPV7GOBA75A2DFXUEOMDNVU","content":"Ulick McEvaddy (61), with an address in Dublin, and Desmond McEvaddy (60), with an address in San Antonio, Texas, set up Omega Aviation Services in 1987.","type":"text"},{"_id":"5NHBIEWLIRCOXG7NJDABVKFN4I","content":"The brothers, and Athy-based property developer Gerry Roche, were behind the €25 million Vista Primary Care Campus project in Naas, Co Kildare, which opened in 2008. The project was originally envisaged as including a private hospital but that part of the plan was not proceeded with.","type":"text"},{"_id":"RVAA27ZK7JDZZGLXDXC3ZFZUJI","content":"The 2011 accounts for Omega Aviation Services say that during the year it became apparent that a doubt existed over the recoverability of a €10.1 million intercompany loan it had with Naas Primary Care Campus Ltd, leading to the decision to make a full provision against the amount.","type":"text"},{"_id":"GTP6QAWD2JCQHPDJKPTVMO3WXI","content":"Accumulated group losses of €6.3 million are due to the trading losses of the Naas business, which has been loss-making since incorporation, according to the accounts and has been heavily dependent on the McEvaddys and Omega Aviation for funding.","type":"text"},{"_id":"JKWIRSU2AFG4BNNWHVJXQH35QU","content":"Turnover for the group in 2011 was €22 million, up from €15.9 million the previous year. The bulk of the turnover came from the leasing and sale of aircraft (€17.6 million, up from €13.1 million the previous year) while, geographically, €7 million (€2.8 million in 2010) of all turnover came from Ireland, slightly more than half a million euro from Europe, and €14.7 million from the rest of the world.","type":"text"},{"_id":"RDGABR2UQVBO7KDQQRZZLWM6GI","content":"The parent company,which accounts for a substantial proportion of the group income, conducted its activities in dollars, according to the accounts. During the year the group made sales of €11.6 million to the US McEvaddy business, Omega Air Inc, which is not part of the group. Sales to Seven Q Seven LLP, another McEvaddy business in the US, were €1 million.","type":"text"},{"_id":"HTSJIWZWANDXHMGZZN6HTN6CVY","content":"Turnover from “diagnostic medical centre” was €1.4 million, up from €985,675, while turnover from “pharmacy sales” was €1.7 million, up from €1.38 million.","type":"text"},{"_id":"C32XHMUYXFF3ZH3CAAMEGLJJEA","content":"The group had an average of 59 employees during 2011, at a cost of €3.14 million. The previous year there were 44 employees, at a cost of €2.26 million.","type":"text"},{"_id":"2XUSMAUCUVDE3K5KKCJ4PXW3UM","content":"The brothers shared directors’ remuneration of €507,895, approximately the same as the previous year.","type":"text"},{"_id":"6P6G7HO6GRGBZOVS3X6RWSAJQM","content":"Group fixed assets of €10.3 million at year’s end included aircraft engines of €2.7 million, fixtures and equipment of €4 million, plant and machinery of €3.6 million, and investment property of €1.2 million. The Irish Bank Resolution Corporation, now in liquidation, held a charge over freehold land and buildings.","type":"text"},{"_id":"42C3BJZDJNEY3L6BH5VL4EB32E","content":"Anglo Irish Bank,which was later subsumed into the IBRC, has security over aircraft lease agreements between Omega Aviation Services and Omega Air Inc, which sells in-flight refuelling services to the US and other military clients.","type":"text"},{"_id":"LYJHKQRUSVB2XO6P65YVYYNOHQ","content":"The lease agreements and security also involve an Isle of Man company, Bacchus Aviation Inc, which the accounts describe as an unrelated party. At the end of 2011 Omega Air Inc and Bacchus owed Anglo a combined total of $10 million, the accounts say.","type":"text"},{"_id":"IU2FCAMW2NB57CJ24D64DBEUJQ","content":"Omega Air, according to its website, has two modified Boeing KC-707s and one McDonnell Douglas KDC-10. The majority of its crew members have a US Air Force background, and key management are all former US Navy aviators.","type":"text"},{"_id":"2ACZIIPJIFDWTLH34YZVALHQQM","content":"“We take great pride in flying our aircraft the Navy/Marine Corps way,” the company’s website says.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Colm Keena"}},"name":"Colm Keena"}]},"description":{"basic":"Aircraft leasing firm made €10m loan to Naas medical centre"},"display_date":"2013-11-19T01:00:00Z","headlines":{"basic":"€6.9m loss for McEvaddy aviation firm"},"promo_items":{"basic":{"_id":"7ZEBZVVCENVIWDX5LMF7MKS74I","auth":{"1":"faf555b683fd2aef4563462e7181d7240c6d27e3a62722d90b59169c1d212dc7"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/7ZEBZVVCENVIWDX5LMF7MKS74I.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/6-9m-loss-for-mcevaddy-aviation-firm-1.1599383","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"WDULAJLAQL47GUCWJE3C5OKZDY","additional_properties":{},"canonical_url":"/business/transport-and-tourism/cork-s-37-million-radisson-blu-hotel-sold-for-8-million-1.1598866","content_elements":[{"_id":"HPAAEXVTQRE7XMCAKALIYV3HH4","content":"Jack Fagan","type":"text"},{"_id":"5MWI6PLRUJGAVPUDJ4CJGTGL5A","additional_properties":{},"content":"A newly formed hotel management consultancy, iNua Hospitality, has bought the Radisson Blu Hotel at Little Island in Cork for €8 million - well short of the €37 million spent on developing it eight years ago.","type":"text"},{"_id":"V4BZYCV6X5HU5OOLR47OTFLOOU","additional_properties":{},"content":"The 126-bedroom hotel, which made a profit of around €700,000 in 2012, was owned by Cork dentist Rick Fitzgerald, whose Oran Group has been heavily involved in the property industry at home and abroad. Funding for the four-star Cork hotel was provided by AIB.","type":"text"},{"_id":"EJFOGZG7YNDLRP4ZIEQPTAEX7E","additional_properties":{},"content":"The Radisson is the fifth Cork hotel to have been sold this year. The Beijing-based Kang family bought the 500-acre Fota Island Estate and hotel for €20 million as well as the flood ravished five-star Kingsley Hotel in the city for €6 million. The Ambassador hotel in the city centre was sold last August to a Dublin investor for €1.5 million while the 126-bedroom River Lee Hotel made €24.5 million.","type":"text"},{"_id":"DTXTZYYMFJDD7AH2MV5EPPND6Y","content":"The Radisson Blu hotel adjoins East Gate Business Park and was built on the nine-acre grounds of Ditchley House, a 19th century mansion which has been incorporated into the facility. The hotel has a leisure centre and spa along with a gym and a 18 m. swimming pool with a paid up membership of about 1,000. Tom Barrett of Savills handled the sale.","type":"text"},{"_id":"HNS6KLYCXVCR7KP7JXKXOEX2HE","additional_properties":{},"content":"Noel Creedon of iNua Hospitality said that the market is currently seeing significant discounts in hotel assets when compared to original development or acquisition costs. This means that hotels could now, for the first time, be purchased on a commercial basis providing attractive yields to investors.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Jack Fagan"}},"name":"Jack Fagan"}]},"description":{"basic":"New owners get Cork hotel at discount of 78%"},"display_date":"2013-11-18T14:55:26Z","headlines":{"basic":"Cork’s €37 million Radisson Blu Hotel sold for €8 million"},"promo_items":{"basic":{"_id":"GAJ6B67RTYCWJSLRUBG7YO4ULY","auth":{"1":"47908a73534821bb2b5bce969acff6d73305e2714a42882b959ccb768f53f4f1"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/GAJ6B67RTYCWJSLRUBG7YO4ULY.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/cork-s-37-million-radisson-blu-hotel-sold-for-8-million-1.1598866","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"QEDGCUJSH4G3FOHZYPG3R2NGVY","additional_properties":{},"canonical_url":"/business/transport-and-tourism/fastnet-updates-investors-on-moroccan-well-1.1598890","content_elements":[{"_id":"UUC44WYV2BEGPHJZL5GMUOPFOM","additional_properties":{},"content":"Fastnet, the Irish listed company oil and gas company focused on near-term exploration acreage in Morocco and the Celtic Sea, expects its formal farm-out agreement for Foum Assaka, offshore Morocco, will be completed in the first quarter of 2014.","type":"text"},{"_id":"5NIPOTDDSRGYBDPQJXAWTMCCT4","additional_properties":{},"content":"Its partner in the license, Kosmos Energy has indicated that well planning is underway at the Eagle-1 Well in the Foum Assaka Block, which is estimated to contain 360 mmboe of Pmean resources. The well is scheduled for drilling in Q1 2014 and will target lower Cretaceous reservoirs and multiple deepwater reservoir objectives with a planned target depth of 4,500 metres in water depth of 600 metres.","type":"text"},{"_id":"GJUSXOTKSVGUPECR2HSV6N7LXQ","additional_properties":{},"content":"Paul Griffiths, managing director of Fastnet said that the update \"further confirms the premium being paid by major oil companies to enter this exciting hydrocarbon play\".","type":"text"},{"_id":"CU2G7KM3DBDYREBSALKXEU3ZGE","content":"“The quality of this asset has allowed us to attract a very high calibre partner and we expect our own farm-out documentation process to progress at pace. We anticipate our formal farm-out agreement being executed and announced in the coming weeks and, as previously stated, for the transaction to complete during Q1 2014, after the satisfaction of various regulatory approvals and the waiver of existing pre-emption rights, ahead of spudding the first well.”","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Fiona Reddan"}},"name":"Fiona Reddan"}]},"description":{"basic":"Farm-out agreement to be executed in the coming weeks"},"display_date":"2013-11-18T14:21:09Z","headlines":{"basic":"Fastnet updates investors on Moroccan well"},"promo_items":{"basic":{"_id":"4HZD54G2Z2MUWFF44MOXQTTQGM","auth":{"1":"73e6096ea6e262f1f4ceb344e7a45486bfd78f1c24c05cac1332485028510a78"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/4HZD54G2Z2MUWFF44MOXQTTQGM.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/fastnet-updates-investors-on-moroccan-well-1.1598890","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"JXEP7ZQS46ESLODFUIH4C7XXRI","additional_properties":{},"canonical_url":"/business/transport-and-tourism/government-pursues-three-airlines-for-19m-travel-tax-1.1598043","content_elements":[{"_id":"J6UT7LKKF5HVVA7W4NM6EVDBJ4","additional_properties":{},"content":"<br/>The Government is pursuing three airlines for a total of €19 million in travel tax in a move that looks destined to end in a number of High Court cases.","type":"text"},{"_id":"V23UP2JNYBC4RKZMIRF2PXK42Q","additional_properties":{},"content":"Minister for Finance Michael Noonan announced in the budget that the Government plans to drop the controversial €3 per passenger charge from next April. Ryanair responded by announcing expansions at three Irish airports that could bring in a million extra passengers next year, while regional carrier Aer Arann said it would add at least 10,000 and is understood to be planning further increases.","type":"text"},{"_id":"VQDRJGBNVNBCBNSNBXZN4LHODM","additional_properties":{},"content":"However, the Government is still pursuing both those companies and Aer Lingus in the courts for €19 million in travel tax it says it is due as a result following a European Court of Justice (ECJ) ruling last year.","type":"text"},{"_id":"HFAS5JKOHJHFFIEV4WNLJ3RENY","content":"The ruling is a result of a challenge that Ryanair brought against the tax following its introduction in March 2009. There were originally two rates, a €2 charge for routes to destinations within 300 kilometres of Dublin and €10 for routes further afield.","type":"text"},{"_id":"KHBBDFWGL5EFDBTPED4D2CJ32Y","additional_properties":{},"content":"<br/><strong>Local flights favoured<br/></strong>Ryanair successfully argued that this was an illegal state aid, as the lower charge favoured flights within the Republic and discriminated against virtually all other routes.","type":"text"},{"_id":"SIOSUTFYNNGMFF37JK2YY6TJCA","content":"After the ECJ upheld Ryanair’s claim, it ordered that the Government had to collect the difference between the €2 charge and €10 from all the airlines that benefitted. However, the airlines believe they do not have to pay this.","type":"text"},{"_id":"TPGC63FQWRDZVJXRVMPLX4EZTQ","content":"As a result, Mr Noonan began legal action against all three earlier this year. The Government is understood to be seeking €12 million from Ryanair, and is demanding €4 million from Aer Arann and €3 million from Aer Lingus.","type":"text"},{"_id":"KK3PH6LJJBGXVBCVCJRTLLOVTM","additional_properties":{},"content":"<br/><strong>Counter-suit<br/></strong>All three are opposing the Government case and Aer Lingus has launched a counter-suit of its own, in which it is demanding a payment of €60 million from the State.","type":"text"},{"_id":"P24SUM7GR5CB7IJ2AO32GUGWIA","content":"The airline argues that the €2 charge rather than the €10 should have been the appropriate rate, and is thus claiming a refund of the difference between the two that it paid on longer routes.","type":"text"},{"_id":"IQVEOBYGANBLPI5D3LSJM6VLV4","content":"Aer Lingus will also tell the court that it originally advised the Government against imposing the levy on the grounds that it was contrary to EU law provisions on freedom of movement, but this was ignored.","type":"text"},{"_id":"FUA2VUS6BZBWJONNIFBR36CED4","additional_properties":{},"content":"Around €3 million of the €4 million total due from Aer Arann dates from before the examinership in which it was rescued by British logistics group Stobart and a number of investment funds. That company does not believe that it is liable for any debts that pre-date this.","type":"text"},{"_id":"EBO56KRFNVDUTGPUXS5L6GVCVY","content":"While the tax was charged to passengers and passed back to Government, the way in which it was introduced in 2009 meant the airlines paid a portion of it themselves without levying it on their customers.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Barry O'Halloran"}},"name":"Barry O'Halloran"}]},"description":{"basic":"Government seeking €12m from Ryanair, €4m from Aer Arann and €3m from Aer Lingus"},"display_date":"2013-11-18T01:00:00Z","headlines":{"basic":"Government pursues three airlines for €19m travel tax"},"promo_items":{"basic":{"_id":"VF6NPZU22YNMTWSLJELAAXX2ZU","auth":{"1":"91fd1c4b86c2cd792af43e50fef98362983bd2653bd095e350dff86848a5a51b"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/VF6NPZU22YNMTWSLJELAAXX2ZU.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/government-pursues-three-airlines-for-19m-travel-tax-1.1598043","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"N5JPVCXNJPLNYTME2TFSHQNX7I","additional_properties":{},"canonical_url":"/business/transport-and-tourism/luas-pretax-profit-down-25-to-1-39m-1.1598050","content_elements":[{"_id":"VTX3RFAHXRGXTMAXV6OEVPKQ6A","content":"Record passenger numbers for the","type":"text"},{"_id":"TTJAIQCJPVCTDFL6VX6BHHW674","content":"Luas","type":"text"},{"_id":"UZSU7C7FDVDAZGGNJWLJ4MFTSQ","content":"were not enough to prevent pretax profits at its French-owned operator last year slipping by 25 per cent last year to €1.39 million.","type":"text"},{"_id":"JGKNHF3UPNGHRHFHG6YFSEWVVQ","content":"Companies’ Office returns show that Veolia Transport Dublin Light Rail Ltd sustained the dip in profits despite an 8 per cent rise in revenues as 300,000 more passenger journeys were made during the year, bringing passenger numbers to 29.4 million.","type":"text"},{"_id":"GJSSZRWZJ5E2RDJHQQNSYGDK2Q","content":"Revenues came in at €53.4 for the year, up from €49.4 million previously but pretax profits dipped to €1.39 million, from €1.87 million. The filings also confirm the company paid a dividend to its French parent group of €1.68 million last year.","type":"text"},{"_id":"5BR333C2ERHD5AWSMOX36J2U3M","additional_properties":{},"content":"A Luas extension linking the Red and the Green Lines, due in 2017, is expected to generate an extra 10 million passengers in a full year.<br/><br/><strong>Numbers boosted<br/></strong>Numbers were boosted on the service as the company benefitted from a full year of revenues from the red line extension to Citywest from Belgard to Saggart that opened in July 2011.","type":"text"},{"_id":"T2LI7VQPNVEULBWSLBUEB67WEU","content":"According to the directors’ report the decrease in profits last year “is due to increased administrative costs”. The directors state that the firm’s earnings before interest, taxation, depreciation and amortisation (Ebitda) was €1.56 million compared to €2.025 million in 2011.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Gordon Deegan"}},"name":"Gordon Deegan"}]},"description":{"basic":"Increased administrative costs blamed for fall in profit"},"display_date":"2013-11-18T01:00:00Z","headlines":{"basic":"Luas pretax profit down 25% to €1.39m"},"promo_items":{"basic":{"_id":"3UG6IGF2BENCOGJPKET6ID7S3Y","auth":{"1":"e4be1fcbe7d8e440c29069e2869f9aacde78efd250a3e5ae81907461eabbc1c9"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/3UG6IGF2BENCOGJPKET6ID7S3Y.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/luas-pretax-profit-down-25-to-1-39m-1.1598050","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"NE77MIUPJLSUBRUCDE6SVJDNZI","additional_properties":{},"canonical_url":"/business/transport-and-tourism/helicopter-leasing-business-waypoint-to-triple-workforce-1.1598056","content_elements":[{"_id":"EUBCJNDRAJF7LEM47A4IAFUJVA","content":"Waypoint Leasing, a seven-month old Limerick-based helicopter leasing company backed by successful financier","type":"text"},{"_id":"LX2CFMGVD5H6TJTZSBQ4IJXXPE","content":"George Soros","type":"text"},{"_id":"PPLP3FHHMVDTTGAU5DZYN62ZSQ","content":", plans to treble its workforce in","type":"text"},{"_id":"AOPBLVQG6JBTDCCZTN4G3OUUJ4","content":"Ireland","type":"text"},{"_id":"JSDADQUXKZEI7EULAGVENCEOR4","content":"next year as it begins to deploy the $700 million-plus in equity and debt funding that it has raised to date.","type":"text"},{"_id":"V73DKIXZY5AO3BEVWSEBIVCJ2E","additional_properties":{},"content":"Alan Jenkins, the company's chief financial officer, told The Irish Times that Waypoint plans to increase its headcount in Limerick from seven currently to 20 by the end of 2014.","type":"text"},{"_id":"PEBEADFJ2VE3DFY7WCSSEY4N3I","additional_properties":{},"content":"\"We're hiring and it will be broad-based,\" Mr Jenkins said, adding that the roles will involve sales and marketing, technology, credit and contracts. <br/><br/><strong>Debt facility<br/></strong>It emerged last week that Waypoint has secured a debt facility, including a five-year $335 million revolving credit line that can be expanded to $550 million.","type":"text"},{"_id":"NFYRBSC4VJCR3IXJANTXWV7PQY","content":"The funds can be drawn down in euro and will be used to purchase assets to expand Waypoint’s helicopter fleet.","type":"text"},{"_id":"7U76232KDRGZBNEOZ4OFPVER4I","additional_properties":{},"content":"Waypoint also raised $375 million in equity this year from MSD Capital, Cartesian Capital Group and Soros Fund Management. It plans to tap demand for helicopters used in the oil and gas industry.","type":"text"},{"_id":"RSGXKFOUZVFZ5DLNWPQMYPNS74","content":"Chief executive Ed Washecka said Waypoint plans to become a player of scale. This will involve deploying $1 billion or more in capital initially, possibly rising to $2 billion.","type":"text"},{"_id":"SIYNZPESMFFZBDIS2PJ7HNP26E","additional_properties":{},"content":"He said the company would close deals involving $150 million of assets this week, rising to more than $300 million by the year end. This will bring its fleet under management to 21 helicopters. The models, acquired mostly through sale and leaseback agreements, include aircraft from Eurocopter SAS, Finmeccanica's AgustaWestland unit, and Sikorsky. <br/><br/><strong>'Dark cloud'<br/></strong>Mr Washecka said a \"dark cloud\" hangs over the helicopter leasing sector from it becoming too crowded, with the risk of some businesses failing.","type":"text"},{"_id":"UZCV3GNNFFCZLAF2BUWJ4P2TQI","content":"Will Waypoint be one of those left standing?","type":"text"},{"_id":"EN23GWA3H5AEXE7DVNB7HWGISM","content":"“We’ve come out of the blocks strongly. We’ve been cashflow positive since day one,” he said, adding that the company has received strong support from its backers and customers.","type":"text"},{"_id":"TFEGZHLWUNFMBNBZEB5T4O4W7Y","content":"Mr Jenkins said Waypoint chose Ireland for its head office due to the strong pool of talent available here in the aircraft leasing sector. It also has a base in Connecticut, where it employs six staff.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Ciarán Hancock"}},"name":"Ciarán Hancock"}]},"description":{"basic":"Chief executive warns sector becoming too crowded"},"display_date":"2013-11-18T01:00:00Z","headlines":{"basic":"Helicopter-leasing business Waypoint to triple workforce"},"promo_items":{"basic":{"_id":"ASWCLRWN26VIA6EWI245RGYXQM","auth":{"1":"1010ee4a85b7ce2fa22282e0a2dda3d0a83bb8a744ce3afdb615a5dc36efd340"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/ASWCLRWN26VIA6EWI245RGYXQM.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/helicopter-leasing-business-waypoint-to-triple-workforce-1.1598056","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"FC3L7PCXUHZQAVHTG3YEI2PLYY","additional_properties":{},"canonical_url":"/business/transport-and-tourism/tourism-policy-must-target-markets-such-as-china-forum-hears-1.1598181","content_elements":[{"_id":"FCZQUMHLURAK3ITMLSSNYJ3BKI","content":"There is no way of establishing if the returns from marketing tourism to traditional markets such as Britain actually justify what is spent, according to a leading academic in the field.","type":"text"},{"_id":"WXBVUJFZIBATBLZJG6KYCDPWVM","additional_properties":{},"content":"Prof Jim Deegan, director of the National Centre for Tourism Policy Studies, who organised the National Tourism Workshop in Dromoland Castle at the weekend, argued the sector does not feature seriously in national policymaking. The Government did not include it in any of the 14 strategic areas in its plan to tackle unemployment, and the State has yet to adopt any way of accurately measuring tourism.","type":"text"},{"_id":"3IV5XBDPXRHCDFNXQPA2EOZSGE","additional_properties":{},"content":"<br/><strong>Accounting difficulty</strong><br/>\"Tourism has no output, because it's all about what people spend, so it only appears in the balance of payments,\" Prof Deegan explained. As a result, he said, most of the \"official\" estimates have been inaccurate: \"The person serving you a burger in McDonald's counts as a tourism job.\"","type":"text"},{"_id":"3S7RXUMHVVEUXLJLI4EXGRJ52Y","content":"Research by Dr Steve MacFeely of the Central Statistics Office, who addressed the conference on the satellite account, has established the sector supports 12 per cent of all enterprises in the Republic and 11 per cent of jobs.","type":"text"},{"_id":"25YC4J6OUFAJXG33BCGQ7NLMQ4","additional_properties":{},"content":"<br/><strong>Beyond Britain</strong><br/>Prof Deegan is sceptical about the traditional approach to promoting Irish tourism, driven by State agencies such as Tourism Ireland. He says it is time to shift their emphasis away from Britain and towards emerging markets. \"I do not believe that the returns are commensurate with the money we spend.\"","type":"text"},{"_id":"26ACAQPGQJAXDAR7YY6OI66Z2Q","content":"He also argued such agencies tend to be rigid and employ large numbers in Britain and far fewer in a growing market such as China, as they have “always done it that way”.","type":"text"},{"_id":"FM4NK6NTRNGUTMF5Q75LQTHZVI","content":"Prof Deegan is calling for the State to establish a national innovation centre for tourism that would draw on universities and colleges and use both technology and science to support research.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Barry O'Halloran"}},"name":"Barry O'Halloran"}]},"description":{"basic":"Most official estimates of economic return from Irish tourism inaccurate, says academic"},"display_date":"2013-11-17T22:30:28Z","headlines":{"basic":"Tourism policy must target markets such as China, forum hears"},"promo_items":{"basic":{"_id":"O7KCKAMRBEK4AOTSYC3WAROPNE","auth":{"1":"42402acf18c55cf820d9c9a32d921b40b960d1517dc606f442710af96ba9e1d9"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/O7KCKAMRBEK4AOTSYC3WAROPNE.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/tourism-policy-must-target-markets-such-as-china-forum-hears-1.1598181","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"PRWEXDREZH32TLEOFR4J3CH4WE","additional_properties":{},"canonical_url":"/business/transport-and-tourism/westjet-to-operate-first-dublin-canada-flights-1.1596714","content_elements":[{"_id":"6ZXM37EILJD7ZEKEBC5TIFUJJU","content":"Canadian airline Westjet has will operate its first transatlantic service to Dublin from next summer.","type":"text"},{"_id":"2DEGX4V3VFC4FB26ZSQVVBI62Q","additional_properties":{},"content":"Both the Dublin Airport Authority (DAA) and Westjet have confirmed that the carrier will begin non-stop flights from St John's, Newfoundland, and direct services (with the same aircraft) from Toronto to Dublin between June and October next year.","type":"text"},{"_id":"24XCQXWS4FHF3HSCCMPSR7GL74","additional_properties":{},"content":"Dublin will be the first European destination served by the airline based in Alberta, Calgary, which serves routes in North and South America and the Caribbean. Westjet will fly daily from Toronto, stopping over in St John's and then travelling on to Dublin.","type":"text"},{"_id":"AY343S5QSVEUJH2UVMWMEIHIRI","additional_properties":{},"content":"Aer Lingus and Air Canada will both operate services between Dublin and Toronto next year. Westjet is a low-fare carrier and it is offering its Toronto service at a base one-way fare of €211 and St John's at €141.","type":"text"},{"_id":"THRRSOPCZFFJHKTSZJHB2WKPZA","additional_properties":{},"content":"DAA chief executive Kevin Toland welcomed the news, saying the routes already announced for the airport for next year would deliver another year of strong growth.","type":"text"},{"_id":"BMWSY4MTHBFEPKOWRLYIGH3E64","additional_properties":{},"content":"\"We have added one million extra passengers over the past 12 months, with significant growth in long-haul traffic to both North America and the Middle East,\" he said.","type":"text"},{"_id":"3J5D4V77GVBPPCSMC22VLOABIU","additional_properties":{},"content":"\"The new routes and expansions for next year already announced by customers such as Westjet, Ryanair, Aer Lingus, Norwegian and Air Canada Rouge will continue and strengthen our recent growth phase.\"","type":"text"},{"_id":"GJI5OTT5JFCE5PGSH45MC64TQQ","additional_properties":{},"content":"Westjet vice president Chris Avery noted that from Dublin, travellers could fly to more than 100 European cities.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Barry O'Halloran"}},"name":"Barry O'Halloran"}]},"description":{"basic":""},"display_date":"2013-11-16T01:02:00Z","headlines":{"basic":"Westjet to operate first Dublin-Canada 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plans for its Spanish airlines, bucking the trend in a sector hit by weak European markets and high fuel prices.","type":"text"},{"_id":"2BAQAVFQBND6FDF7AEWNO2CXEM","additional_properties":{},"content":"IAG, which owns British Airways (BA) and Spain's Iberia and Vueling, yesterday raised its 2015 operating profit goal to €1.8 billion from €1.6 billion, citing savings from integrating budget carrier Vueling, which it took control of this year, improved margins at BA and a recovery at Iberia.","type":"text"},{"_id":"5CNRE4OHMFCX3FQHJS7KTFG2UY","content":"Analysts had on average pencilled in a 2015 operating profit of €1.63 billion.","type":"text"},{"_id":"Y7FCUTQFEJA35FXCPR3KXVXY7U","additional_properties":{},"content":"IAG's optimism contrasts with other European airlines such as Lufthansa and Air France-KLM which have had to cut jobs and rein in growth plans. – (Reuters)","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"International Airlines 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cabin crew base at Shannon airport.","type":"text"},{"_id":"2G5BRGPVXVD4RIARJTPLYKFO7I","content":"The airline said it was to close the Shannon facility after it failed to reach agreement with the trade union Impact on cabin crew staffing levels on new trans-Atlantic routes to commence from January using smaller aircraft.","type":"text"},{"_id":"DAUKZWCY3JH53NZ4OOT7BOZWPM","content":"Under the new proposals which emerged after talks overnight, for an initial period from January to March many of these services will be operated using five cabin crew.","type":"text"},{"_id":"C3YENTYQPBAAFMJRXLWLXG3YEI","content":"This will subsequently be reduced to four cabin crew.","type":"text"},{"_id":"2HYAZDJ5SNEFPPNL4NMRMFRRNA","content":"The proposals would also involve the payment of financial incentives for staff working on routes with four cabin crew.","type":"text"},{"_id":"ORQZ4E3LJRCDPFMY5GYSD6HLKQ","content":"An overall review will take place in July under the proposals.","type":"text"},{"_id":"3B4CRE7R2JDDFKDFLKW4O5IF74","content":"Aer Lingus cabin crew representatives will meet today to consider the proposals.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Martin Wall"}},"name":"Martin Wall"}]},"description":{"basic":"Proposal involves financial incentives for staff working routes with reduced cabin crew"},"display_date":"2013-11-15T07:47:00Z","headlines":{"basic":"LRC plan could avert Aer Lingus Shannon base 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nano- technologies. “Simply put, I wanted to work with machines and parts that I could see and feel and my long-held desire was to work in the automotive industry.”","type":"text"},{"_id":"SQOVC54WUZDSREWICDHJSIOAN4","additional_properties":{},"content":"Corcoran, who comes from Castlebar, is manager of strategy Daimler Trucks and Multibrand Management. He has lived in Germany since 2001 with his wife Louise and son Ross.","type":"text"},{"_id":"IPBFE2B5TBA43LLQQXLXP2556A","additional_properties":{},"content":"\"As an engineering undergraduate at UCD, I took part in a BMW summer internship in Munich. Over three months, I participated in various engineering projects that gave me my first insight into the discipline and rigour of German engineering.","type":"text"},{"_id":"7NLQ4TPKTBCOFPLO5WC5BOK4YM","content":"“BMW had just taken over Rover and I saw at first hand how cultural differences between my German and English colleagues led to difficulties,” he says. “Language issues also played a large part in this. Important meetings would inevitably revert into German, leaving the non-German speakers wondering what was going on.","type":"text"},{"_id":"4QJPGMTZ3RFGDHWI3BAWM2RBRI","content":"“The quickest way to gain acceptance in a non-English speaking country is to speak the language. If you become proficient, you will encounter a sense of appreciation in people you meet that immediately sets you apart,” Corcoran says.","type":"text"},{"_id":"UAYO44ZEW5ALDPYXORC74DG4EI","content":"As a young graduate, he quickly discovered that getting a job with a German automotive company was not going to be easy. “Most of the other applicants had higher qualifications than me so I decided to return to college to pursue a master’s at UCD. This turned out to be my stepping-stone into Daimler.”","type":"text"},{"_id":"FLJ6H2YDGJHMHN26BNW2STYZYI","content":"During his postgraduate studies, Corcoran spent two years as part of a UCD-industry collaboration with Cork-based company, Sifco (now SR Technics), which was involved in the repair of turbine blades and vanes for large commercial airline engines.","type":"text"},{"_id":"W5XQ2PKW2VHA7MUE3UARE2FE6U","content":"“We were working on the development of a novel laser processing technique and the knowledge I gained was to prove crucial,” Corcoran says.","type":"text"},{"_id":"WEVG6BNAFRFD3OQEOFZV5K2HBA","additional_properties":{},"content":"\"At the time Daimler was also researching laser-processing applications for both its automotive and aerospace divisions. Through Prof Gerry Byrne in UCD, I secured a six- month trial with Daimler. This turned out to be my door into the organisation.\"","type":"text"},{"_id":"4UFGM67K75CR7MAEHESQK3I3JU","content":"Between 2001-2006, Corcoran worked in various roles in Daimler’s R&D division looking at the feasibility and impact of novel manufacturing processes for powertrain and body shop production.","type":"text"},{"_id":"CP7TSJEYNFHXDJ3V3NTU4NYDLA","content":"“I learnt the values of German engineering quickly,” he says. “It is almost manic and requires obsessive attention to detail, precise understanding and endless patience to test and test again until it is perfect.”","type":"text"},{"_id":"OSSTBRFHYNDOTLSH5RYVMTQLHI","content":"At this time Daimler was in the midst of its merger with Chrysler and this presented further opportunities. “I became an obvious choice for collaborative research projects due to my English-German language capability. I also found that the easygoing Irish mentality was a natural bridge between the expansive gestures of Americans and the succinctness of the Germans.”","type":"text"},{"_id":"YHRC6267FRFPFFGLTMRFMYR3CQ","content":"In 2007, Corcoran was offered the opportunity to join Daimler’s truck business.","type":"text"},{"_id":"2CACIETACRDUHG6NUNSYJFJSWI","content":"“Daimler Trucks is perhaps the most international of the Daimler divisions, with 27 production locations spanning the globe and five global truck brands, including Mercedes Benz and Mitsubishi-Fuso.","type":"text"},{"_id":"BBBDNSVQWZG5VO72DTD5LAMLZY","content":"“From 2007 to 2011 I was part of an in-house team responsible for implementing a new lean operating system into all functions of the organisation worldwide.”","type":"text"},{"_id":"SVLAG2PJQFEBHDHDQP4HLZZ2G4","content":"Corcoran says one of the great advantages of working for a large multinational organisation is that it offers opportunities to travel and to work across a range of disciplines.","type":"text"},{"_id":"FNQEFIL5XZHB5OT2X4TCCVCHOE","content":"“My move to the Daimler Trucks strategy team was aided to a large extent by the strong global network I had developed, coupled with a detailed understanding of the various international operating units and their products,” he says. “In my current role, I develop and coordinate strategies that have an overarching relevance for our international truck businesses.","type":"text"},{"_id":"TZO2POA4ZJFR7NTOXEHXBNDEQQ","content":"“All large multinational organisations are placing great emphasis on developing the Chinese and Indian markets. The success of these ventures, no matter what the discipline or industry sector, will be inherently linked to an ability to surmount the inevitable cultural problems that will arise.","type":"text"},{"_id":"4FU46EJF5NDSDMK5NFVIGJM5OU","content":"“I believe Irish people have a natural diplomacy that gives us a unique advantage and that this will be of great benefit to anyone emigrating today.”","type":"text"},{"_id":"7IPZRNCQXRFVFI6XOOF6JWJ4AI","content":"Corcoran played rugby for UCD and when he moved to Germany he set about forming a team. He also coaches youth sides to promote the sport. “I’ve always found that no matter the country, rugby clubs can be a great socialising ground for emigrants and a way of quickly establishing a broad circle of friends of both foreign and national origin.","type":"text"},{"_id":"GBBE2GACPFGTDOA7VAS6VLEK6I","content":"“Tremendous opportunities exist for Irish graduates in Germany,” he adds. “At the moment there is a significant shortage of engineers and skilled technicians here.","type":"text"},{"_id":"FVJ7E32VQVCDRCVYFJPRQOMHBI","content":"“Due to Ireland’s EU membership (no visa requirement), our excellent education system and our native English language skills, Irish people are an attractive proposition for German companies.”","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Olive Keogh"}},"name":"Olive Keogh"}]},"description":{"basic":"Mayoman in the driving seat at one of Germany’s major companies"},"display_date":"2013-11-15T01:00:00Z","headlines":{"basic":"Wild Geese: Alex Corcoran, Daimler Trucks, Stuttgart"},"promo_items":{"basic":{"_id":"AEJRJBUZCDQRLIDJTNT2JECJX4","auth":{"1":"2163026fca59f1575dfbadcca5f1b8539a9fc5b9116387db37468e70cbce9d8c"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/AEJRJBUZCDQRLIDJTNT2JECJX4.jpg"}},"subtype":"feature","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/wild-geese-alex-corcoran-daimler-trucks-stuttgart-1.1594950","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"BRCITGQ7WOZ37PFIDNJNDEXQFU","additional_properties":{},"canonical_url":"/business/transport-and-tourism/ryanair-targets-business-travellers-in-drive-to-chase-new-markets-1.1595283","content_elements":[{"_id":"PJNU5DG3IZBE3ERB523F5MVS4I","additional_properties":{},"content":"Ryanair plans to target business travellers in the new year as it continues with a revamp of customer services in a bid to chase new markets.","type":"text"},{"_id":"LGX6WC5DF5GWTEU4ZW3QQTGQE4","additional_properties":{},"content":"The news follows yesterday's announcement of a deal between the airline and Dublin Airport Authority (DAA), that could increase the number of passengers travelling through the airport by 700,000 a year, and details of Ryanair's plans to create 300 new jobs in the Republic.","type":"text"},{"_id":"UQRW5W7UFBFDXP7PFXGREDNSFE","content":"The airline intends to hire pilots, cabin crew, along with sales, customer care staff and other grades. Chief executive Michael O’Leary said that over half the new posts are related to its expansion at Dublin Airport. “Recruitment has already started,” he added.","type":"text"},{"_id":"TWRGDY2JF5AGJHSJCLE52MLTH4","additional_properties":{},"content":"Addressing the Chartered Accountants' Leinster Society lunch in Dublin, Mr O'Leary, said his company plans to use special deals to lure more business travellers to the airline. Mr O'Leary said he wanted to go after the customers to which Ryanair does not normally appeal – \"families and business people\" – in an effort to grow the airline's passenger numbers.","type":"text"},{"_id":"Q5H7VQHSEJFBPNSAJZABZ5SSEM","additional_properties":{},"content":"Ryanair this year agreed to buy 175 new craft from Boeing and said it intends to grow passenger numbers from their current level of around 81 million a year to 110 million annually over the next five years.","type":"text"},{"_id":"6HZYBJIWW5GEJDDP6L3JGNELVA","content":"Mr O’Leary said the measures aimed at attracting business people to the airline would include building such things as fast-track and baggage check-in into the seat price.","type":"text"},{"_id":"T4VFKFTQ4NCP3KGYLDYPHODUEI","content":"In a similar vein, it will also offer discounts and other incentives to families with children under 16. Up to now, the airline has not offered any concessions aimed at particular groups of passengers.","type":"text"},{"_id":"SM5XYXYQPNA7BAAZWV3VH7EPIY","additional_properties":{},"content":"Earlier, Ryanair and DAA announced that the airline plans to launch nine new routes from Dublin Airport next year and intends increasing frequencies on a range of others, which the pair said would boost passenger numbers there by 700,000 a year from next April.","type":"text"},{"_id":"KVJDEMRPTJATNPMF4VPYJCDURE","content":"Ryanair said that as a result of the deal announced yesterday and similar agreements with Shannon and Knock airports, the number of passengers that it will fly to and from the Republic next year will increase by over one million to 10.7 million in 2014.","type":"text"},{"_id":"C7V63RRA7BHP7ANNJM3LJP7X3Q","content":"All three announcements were a result of the Government decision to cut the €3 travel tax to zero from next April. When the levy was introduced in 2009, the airline said it would boost passenger numbers in the Republic by one million if it were dropped.","type":"text"},{"_id":"6P5OPFDX3NHX7ID3SPWQ4OENAQ","additional_properties":{},"content":"DAA chief executive Kevin Toland predicted that the announcement would provide a strong platform for continuing growth at Dublin Airport, which he pointed out is in its third successive year of increasing passenger numbers. \"What we are seeing is an improvement in European business, which is up 5 per cent to date and the UK is coming back into growth,\" he added.","type":"text"},{"_id":"P3N4UKMUHJDOLIZYLR4JL6GPNQ","additional_properties":{},"content":"The Minister for Transport, Tourism and Sport, Leo Varadkar, welcomed Ryanair's \"positive response\" to the Government decision to drop the travel tax. He said that recent figures show that the number of international visitors to the Republic is up 6.4 per cent this year. \"With this decision, Ryanair can share in this growth and help to build on it further in 2014,\" Mr Varadkar said.","type":"text"},{"_id":"HDKQ2IEQGFAUXCC4SXLJWWN2FA","additional_properties":{},"content":"The new routes from Dublin will be Almeria, Bari, Basel,Bucharest, Chania, Comiso, Lisbon, Marrakesh and Prague.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Barry O'Halloran"}},"name":"Barry O'Halloran"}]},"description":{"basic":"Airline to create 300 jobs in Republic"},"display_date":"2013-11-15T01:00:00Z","headlines":{"basic":"Ryanair targets business travellers in drive to chase new markets"},"promo_items":{"basic":{"_id":"2DPK2XWWQHUNGI24HGSUJELRJA","auth":{"1":"b85d94cc5ef2386395387889e8adb4f7828b1195944bdc1f84bd7bf83cdb2c8c"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/2DPK2XWWQHUNGI24HGSUJELRJA.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/ryanair-targets-business-travellers-in-drive-to-chase-new-markets-1.1595283","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"WVQDAY376KEWEO4IKS3XJO5CHU","additional_properties":{},"canonical_url":"/business/transport-and-tourism/ryanair-to-hire-300-as-it-opens-nine-dublin-routes-1.1594652","content_elements":[{"_id":"PLKIRBM2TRETFHDYB4KYKJU5IU","additional_properties":{},"content":"Ryanair is to open nine new routes from Dublin and increasing the frequency of eight existing services, creating 300 jobs with the airline and bringing an additional 700,000 passengers through the airport every year.","type":"text"},{"_id":"YCLKJ53DZRHJ5KYLUIBMKYV2G4","content":"The new routes will run to Almeria, Bari, Basel, Bucharest, Chania, Comiso, Lisbon, Marrakesh and Prague from April next year, bringing to 85 the number of services that Ryanair operates from the airport. the airline is also increasing the frequency of the Birmingham, Bristol, Edinburgh, Glasgow, London Stansted, Madrid, Manchester and Nice routes, bringing the number of flights from 300 to 400.","type":"text"},{"_id":"7JWPEAGRB5GVVK3M2JNHLC4EDA","content":"The company said it plans to recruit new pilots, cabin crew, customer service staff and software developers next year, creating a total of 300 jobs in Ireland. The move is part of Ryanair’s recent pledge to improve its customer service and website, with the extra routes a direct response to the Government’s decision to scrap the €3 travel tax.","type":"text"},{"_id":"I333GKM5FFCO7HENA4PTFVDPTA","content":"Ryanair chief executive Michael O’Leary pointed out around half of the 300 new jobs that the airline is creating in Dublin were connected with the expansion announced today and would not have gone elsewhere if the travel tax had not bee cut. “Scrapping the travel tax is key to this growth,” he stressed.","type":"text"},{"_id":"ZX5WPBNXV5ABRLU2WDIN5XTNVU","content":"Welcoming the news, Taoiseach Enda Kenny, said the extra one million passengers represented an opportunity for the overall tourist industry.","type":"text"},{"_id":"LHMX6UYFC5BWVCTNBMEG5VSWJU","content":"“I would like to say this to the hospitality sector, you in turn have a real opportunity, with up to one million extra people coming into our country in 2014, you need to engage with those people and the repeat business will follow,” Mr Kenny said.","type":"text"},{"_id":"2MNR6SJ4FVAEDIU3WTYSEFRCOA","content":"He also called on other airlines to follow Ryanair and look at expanding their services out of Irish airports.","type":"text"},{"_id":"XYZ5MQ7OHZGSJN5G46L2O3YHMM","additional_properties":{},"content":"DAA chief executive, Kevin Toland, said that Dublin Airport is now going through its third successive year of growth, with both long- and short-haul business on the increase.","type":"text"},{"_id":"YOKMRYURTVBSBN2GOPJSVIXBCQ","content":"The number of travellers using the airport to connect to other destinations is up 43 per cent year-on-year, he pointed out.","type":"text"},{"_id":"IVFUC4TR4JGZ5IIX4UKC7I5RZQ","content":"“What we are seeing is an improvement in European business, which is up 5 per cent to date and the UK is coming back into growth,” he said, adding that Dublin is Europe’s third fastest growing airport.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Ciara O'Brien"}},"name":"Ciara O'Brien"},{"additional_properties":{"original":{"byline":"Barry O'Halloran"}},"name":"Barry O'Halloran"}]},"description":{"basic":"New pilots, cabin crew, customer service staff and software developers will be recruited next year"},"display_date":"2013-11-14T11:22:45Z","headlines":{"basic":"Ryanair to hire 300 as it opens nine Dublin routes"},"promo_items":{"basic":{"_id":"KGFAFOLYLO4MBNBK6PHJ3V4WLA","auth":{"1":"07723722995c1fcecac31e03e5a4a8f4d7847169187e5da0cd26ec602defb0e0"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/KGFAFOLYLO4MBNBK6PHJ3V4WLA.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/ryanair-to-hire-300-as-it-opens-nine-dublin-routes-1.1594652","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"EINAC3Z64LVSJ3TF3LYAASUPEY","additional_properties":{},"canonical_url":"/business/transport-and-tourism/daa-and-ryanair-to-announce-passenger-deal-1.1593980","content_elements":[{"_id":"5CCIU7RWWFAG7M7FZA5XER6CMM","additional_properties":{},"content":"<br/>The Dublin Airport Authority and Ryanair are likely to announce the latest and biggest in a series of deals today stemming from the airline's pledge to boost passenger numbers in the Republic by one million.","type":"text"},{"_id":"7HM7EUQNFFEI7DSHTT55JPAAWQ","content":"Ryanair last month said it would expand services in the Republic and increase passenger numbers in response to the Government’s decision to drop the €3 a head travel tax from next April.","type":"text"},{"_id":"7NIVUTIBRNDLXKAVIUWYZZMTNM","additional_properties":{},"content":"The agreement it is likely to announce with the DAA – the State company that owns Dublin and Cork airports – is likely to involve numbers of between 600,000 and 700,000. Ryanair already has completed an agreement with Shannon Airport that should add 300,000 passengers and one with Knock involving 80,000.","type":"text"},{"_id":"44XBUVHQUJEWNEFPMTY3KXVZPA","content":"The airline says independent measures show that every 1,000 extra passengers travelling through an airport generate one new job, implying that one million will give rise to 1,000 extra posts.","type":"text"},{"_id":"IT5PNG4635ESPNKATEONGZJUKE","content":"Today’s announcement is likely to be seen as marking a thawing of relations between the airline and the authority, which has drawn stinging criticism from Ryanair chief executive Michael O’Leary in the past for its charges and its decision to add a second terminal.","type":"text"},{"_id":"5NBDXM6LIFE4ZOP73YW32ERJ7Y","additional_properties":{},"content":"Meanwhile, the DAA met representatives of the Irish Congress of Trade Unions and unions representing its staff to discuss difficulties finding a means to plug the €780 million deficit in a pension fund operated jointly by the airport company and Aer Lingus.","type":"text"},{"_id":"QTIQM5GKWRFS5GRABKA2DHBV5M","additional_properties":{},"content":"The unions asked the company to release a lump sum of €53 million that the Labour Court recommended that it put into a new scheme in a series of proposals published last May.","type":"text"},{"_id":"W5P7BQKPQJD4DOXRDBTCRPN7EU","content":"The unions also want the money that members are paying into the old plan, the","type":"text"},{"_id":"7BWU7Y7T75E47APJ7MDEMP3MOY","content":"Irish Airlines","type":"text"},{"_id":"M2IFYEOCWNCBJPXCGOATNWEMLE","content":"Superannuation Scheme (IASS), to be diverted to the new fund.","type":"text"},{"_id":"LYLYYFXDXZHQ5K56DWWMRSFCGA","content":"n","type":"text"},{"_id":"3LXLG5CY4FANHBKA2THV3XFGDU","additional_properties":{},"content":"<font face=\"ZapfDingbats\">l</font>","type":"raw_html"},{"_id":"4PLCHBQO2JBOVDL4PEMEWQ54UQ","content":"A contractor providing ground handling services to Ryanair at Dublin Airport laid off 38 workers as the airline pared back operations at the beginning of the winter season this month.","type":"text"},{"_id":"ZDVMKMDBVZF7ZKGF3FHLZGBKAQ","content":"Ryanair expects to earn less revenues from ticket sales this winter and has lowered its estimate of the number of passengers it expects to fly over the course of its financial year to 81 million from 81.5 million.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Barry O'Halloran"}},"name":"Barry O'Halloran"}]},"description":{"basic":"Talks continue on deficit in pension fund operated jointly by DAA and Aer Lingus"},"display_date":"2013-11-14T01:00:00Z","headlines":{"basic":"DAA and Ryanair to announce passenger deal"},"promo_items":{"basic":{"_id":"QZDV6QIRGJTUV4Y2MRDTJNIXO4","auth":{"1":"e55079af49dd18c5c9c2363b44a6fc567e5a16f5b1e7d5d4af5efdfe4a6cd59a"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/QZDV6QIRGJTUV4Y2MRDTJNIXO4.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/daa-and-ryanair-to-announce-passenger-deal-1.1593980","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"VBSWVV4Q45WHSFXW5IDWJJCEBU","additional_properties":{},"canonical_url":"/business/transport-and-tourism/bellwether-moller-maersk-upbeat-about-container-market-1.1593933","content_elements":[{"_id":"OOTPQIPVEVGMDCVZSQ53Z7KXE4","content":"Danish shipping and oil group Moller-Maersk raised its earnings forecast after a strong third quarter, pointing to an upturn in the container shipping market that should augur well for the global economy.","type":"text"},{"_id":"JKGHOGESMBAOJOJYQIVO67MOZ4","content":"The group’s Maersk Line unit, the world’s largest container shipping line and accounting for about 50 per cent of group revenue, said its transported volumes rose 11 per cent in the third quarter.","type":"text"},{"_id":"6MGFJDHW5RBMRPAICEZSIG3DPU","content":"The business is seen as a bellwether for the global economy as its vessels make up 15 per cent of the world’s container shipping capacity. “The global market showed encouraging growth of around 5 per cent in Q3 . . . showing early indications of demand picking up,” Maersk said yesterday in its earnings report.","type":"text"},{"_id":"ZEN55CKQWZFGVOYQK6TOZLG2IM","content":"Maersk Line’s revenues fell to $6.78 billion, hit by a 12 per cent year-on-year drop in freight rates. However net profit rose 11 per cent to $554 million, exceeding average forecasts of $521 million in a Reuters poll thanks to cost cuts and lower fuel prices.","type":"text"},{"_id":"FIPDE22AIZCHPGPR3JMGZ6L4FQ","content":"Sydbank analyst Jacob Pedersen said the report reflected early signs of an improvement in the global economy. “It seems that there is light at the end of the tunnel.”","type":"text"},{"_id":"2CHZGEGEBFACTCZQLFLXNW66BI","content":"Maersk chief executive Nils Smedegaard Andersen told reporters on a conference call that he did not expect annual growth in the global container shipping market to exceed 5 per cent in the coming years. “We want to grow with the market. We are not interested in gaining market share in a low-cost situation.” – (Reuters)","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Danish shipping and oil group raises earnings forecast after strong third quarter"},"display_date":"2013-11-13T20:04:41Z","headlines":{"basic":"Bellwether Moller-Maersk upbeat about container market"},"promo_items":{"basic":{"_id":"ZO3RLKCWVILXKYEEK3OGW5Q6YA","auth":{"1":"d5947b6c01a0118d3eeef93d899ac01263b58a5fb79a938af0ea08254302dede"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/ZO3RLKCWVILXKYEEK3OGW5Q6YA.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/bellwether-moller-maersk-upbeat-about-container-market-1.1593933","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"Q5WRFVK242WRUYWFKABRJRXOPE","additional_properties":{},"canonical_url":"/business/transport-and-tourism/irish-spend-47m-more-on-foreign-holidays-in-first-half-of-year-1.1593555","content_elements":[{"_id":"UE7VKHTB5JBCVCWBKIBWYMHCBI","content":"While Irish people took fewer foreign holidays in the first six months of the year, they increased spend on holidays abroad by €47m, figures released yesterday show.","type":"text"},{"_id":"2PIGBVTUURDIDOVLN7VKVF3DAQ","content":"The number and length of foreign holidays taken by Irish people fell by 2 per cent in the first six months of the year compared with the same period last year, according to Central Statistics office figures released today .","type":"text"},{"_id":"G54O6A45HNAXTN73LDTWLWSOP4","additional_properties":{},"content":"However this was not because of an increase people staying in Ireland, as the number of domestic holidays fell by 6 per cent and shortened by 4 per cent, the Household Travel survey for the January to June period 2013 shows. The amount of money Irish people spent on domestic holidays also fell by an estimated €6m (2 per cent), it shows.","type":"text"},{"_id":"F7G43VJEI5AZJMAY6KUXMJ27FM","content":"The figures show the overall trips made from Ireland abroad by location for which holidays account almost half. Overall there was a 1 per cent decline in trips abroad.","type":"text"},{"_id":"A6KEHAOG5RC4PMNALQDYTGLTH4","content":"It shows a decline in trips to mainland European countries with visits to Germany down 11 per cent , to France down 8 per cent and to Italy down 7.5per cnet.","type":"text"},{"_id":"VMFMRJOGFNFZ5I7VMS5LSQ3VLQ","content":"Spain retined its popularity as the second most popular destination after the UK seeing a less than 0.5 per cent decline in trips.","type":"text"},{"_id":"FLICVEAIHNA3VHJIT7IKDLVW4I","content":"Trips further afield to Asia and the Middle East were also down (12 per cent) while trips to North America were down 2.5 per cent. However Britain bucked the trend with trips (excluding Northern Ireland) up 5 per cent while trips across the Border were down 16 per cent.","type":"text"},{"_id":"MDGE25WAWVAHNLD7P4FJDAQI3M","content":"While the number of holidays fell there was a sharp increase in business trips abroad (14 per cent) while trips to friends and relatives abroad were up 4 per cent, the figures show. Expenditure on business trips was up by €66m while expenditure on trips to visit relatives were up €26m, figures show.","type":"text"},{"_id":"FBUJN6DWKNAQFBUVXJYUVACTZA","content":"In the year of the Gathering, spend on domestic visits to family and relatives in Ireland were also up by €19m (up 6 per cent in number of trips). The number of domestic business trips remained static while the spend on such trips was down almost€5m. Overall domestic travel fell by 3 per cent in the first six months of the year but this was slightly up (0.5 per cent ) in the April to June period.","type":"text"},{"_id":"XC2WBMNILVF65AF3MRSKB5JW4Y","content":"The fall in domestic holidays hit the number of trips to self-catering accomodation which was down 11 per cent while trips to accomodation categorised as other (such as camping, own holiday home, B&B) were down 18 per cent. Hotels retained their status as the most popular accomodation choice slightly up on the same period last year.","type":"text"},{"_id":"GMQ6NHU6VFGDPLAKD6PAY4RI6E","content":"The CSO survey is postal and involves random samples of 4,600 households looking at domestic and outbound travel patterns which involve overnight stays of residents of the State.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Genevieve Carbery"}},"name":"Genevieve Carbery"}]},"description":{"basic":"Number and length of holidays taken abroad and at home are down, CSO figures find"},"display_date":"2013-11-13T19:13:54Z","headlines":{"basic":"Irish spend €47m more on foreign holidays in first half of year"},"promo_items":{"basic":{"_id":"AEKG7WBEB7SDQGJ6VRPXJRIA2Q","auth":{"1":"bdd524f8b6f94fadab33bc5561f633c247adbbfc488c5a55ab100d031ed42b52"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/AEKG7WBEB7SDQGJ6VRPXJRIA2Q.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/irish-spend-47m-more-on-foreign-holidays-in-first-half-of-year-1.1593555","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"ZCTLEN4YZIUUEAXA45SUPQUB5M","additional_properties":{},"canonical_url":"/business/transport-and-tourism/flybe-s-majority-shareholder-sells-entire-stake-1.1593351","content_elements":[{"_id":"E67VL4TI4NHQBAZFAK5MFZLQNE","additional_properties":{},"content":"Flybe Group said majority shareholder Rosedale Aviation Holdings has sold its entire 48.1 per cent stake in the airline.","type":"text"},{"_id":"WG3QUNNE65FSTNABDZPYMWPVKQ","content":"Flybe’s free float is now expected to increase to 85 per cent, the embattled carrier said in a statement today.","type":"text"},{"_id":"BCOS7ORF4BDX3G4V5D2IHDLXMY","additional_properties":{},"content":"The shares were placed with institutional investors by Liberum Capital, which advised on the sale.","type":"text"},{"_id":"M3V5T62YW5HGNL7WPPZMVN6CSI","content":"The company, which operates Europe’s largest regional airline, said on Monday it would cut another 500 jobs, mainly in Britain. It also said it would further reduce its routes, review its fleet mix, remove surplus capacity and improve aircraft and crew utilisation. (Reuters)","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Ciara O'Brien"}},"name":"Ciara O'Brien"}]},"description":{"basic":"Rosedale Aviation Holdings owned 48.1 per cent of embattled carrier"},"display_date":"2013-11-13T07:38:22Z","headlines":{"basic":"Flybe's majority shareholder sells entire stake"},"promo_items":{"basic":{"_id":"5QNMWZNQUL2GHEGLR2ZR7F3YIM","auth":{"1":"f1936af63a29867fbd11cb0a6602b6f2e4537fa5ad42c3925b6d9da33180be74"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/5QNMWZNQUL2GHEGLR2ZR7F3YIM.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/flybe-s-majority-shareholder-sells-entire-stake-1.1593351","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"2NBAS6ITT7ZAUVB23OK5FQBQ4M","additional_properties":{},"canonical_url":"/business/transport-and-tourism/aer-lingus-appoints-hartnett-to-board-of-directors-1.1591561","content_elements":[{"_id":"DM4WGXJCDRHI5IFPVS55OVJSOA","additional_properties":{},"content":"Following the resumption of flights between Dublin and San Francisco, Aer Lingus is looking to further strengthen its ties with Silicon Valley through the appointment of John Hartnett to its board of directors.","type":"text"},{"_id":"46UGXDQLC5HOJCRQQI342VQTXY","additional_properties":{},"content":"Mr Hartnett is the co-founder of the Irish Technology and Leadership Group, based in San José, California. He is one of three new appointees announced yesterday.","type":"text"},{"_id":"7GLU4SWAGRGE3D4NWOOQZZMEKU","additional_properties":{},"content":"The other two are Paddy Power chairman Nigel Northridge and airport development veteran Nicholas Villen.","type":"text"},{"_id":"CL5VGOLFYNCF3OBWFZYRXTT4FY","additional_properties":{},"content":"According to the Industrial Development Agency, Silicon Valley is responsible for 40 per cent of direct inward investment in Ireland. Until Aer Lingus' recent announcement there was no direct flight linking Ireland to any of the cities in or near Silicon Valley.","type":"text"},{"_id":"WHLV7WYG3ZFIJK6RUL3OI3NYUY","content":"Mr Hartnett said: “The relationship between Ireland and the west coast of the United states is critically important for investment, jobs and tourism.","type":"text"},{"_id":"IRSE6ESBHBBO5HSKTHWCXTRMFQ","content":"“The introduction of the new Aer Lingus route to San Francisco is a major boost to the technology sectors in both Silicon Valley and Ireland and I would encourage technology leaders to support this valuable connection.”","type":"text"},{"_id":"4IFUW5JM5RG2TBHFDV4DNADTL4","content":"Mr Hartnett’s Irish Technology and Leadership Group promotes business links between Ireland and Silicon Valley. He served on secretary of state Hillary Clinton’s Northern Ireland working committee and is a member the Irish Government’s Global Irish Network advisory group and the Global Irish Economic Forum.","type":"text"},{"_id":"AAH4GA6TIVGW3OPY577UEOKXSQ","additional_properties":{},"content":"Nigel Northridge is from Belfast is non-executive chairman at Paddy Power where he has been on the board since 2003. He holds positions at Debenhams and auto retailer Inchcape.","type":"text"},{"_id":"D3LLXF4AHZCFJIOBPADT7BMOKY","additional_properties":{},"content":"Mr Villen is a former chief executive officer of Ferrovial Aeropuertos, the airport division responsible for Heathrow, Gatwick and Standsted airport, among others.","type":"text"},{"_id":"5NSL4WSWGRAH7FGWBJ7SP44F5E","additional_properties":{},"content":"Leaving the Aer Lingus board are Danuta Gray and Thomas Moran.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"name":"Eoin Reynolds"}]},"description":{"basic":"Move to strengthen ties with Silicon Valley"},"display_date":"2013-11-12T01:00:00Z","headlines":{"basic":"Aer Lingus appoints Hartnett to board of directors"},"promo_items":{"basic":{"_id":"Y6X7IUPKL2KTPNC34BOXQOOCY4","auth":{"1":"21d52e5a9368365e0bdbea0ff04252b9091b7c523130ad8c98ad1af3e3ce23df"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/Y6X7IUPKL2KTPNC34BOXQOOCY4.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/aer-lingus-appoints-hartnett-to-board-of-directors-1.1591561","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"LZQI5SYC6E22KGEXYLFUYYVE2I","additional_properties":{},"canonical_url":"/business/transport-and-tourism/belfast-prepares-to-join-the-city-cycling-revolution-1.1591291","content_elements":[{"_id":"EG5BIVPCP5BPPOAPB343CX5JN4","content":"New York has 6,000; London has an estimated 8,000; while Dublin shortly plans to have 1,500 in operation. Belfast at the moment has zero. So what is it that the city is missing?","type":"text"},{"_id":"OASACT2DRJGLLDD5G43RMPNUSY","additional_properties":{},"content":"The answer is a bike share scheme and today Belfast City Council will launch what it believes is a \"unique chance\" for businesses to get involved in it.","type":"text"},{"_id":"5QTF6IJMIRGK3L3H34TIMGXOUQ","content":"It is hosting what it describes as a bidder’s day event at city hall, which the council hopes will inspire one organisation or a “cocktail” of sponsors to come up with the necessary cash to get a scheme up and running.","type":"text"},{"_id":"2CCYVW56F5E4TECCOJWLIIU62Q","additional_properties":{},"content":"New York's bike sharing system is sponsored by Citigroup while London's Boris Bikes as they are known are sponsored by Barclays, the financial services group. Will Belfast prove an attractive proposition for major corporations?","type":"text"},{"_id":"MEB52XEQ2NGH5GC4TTXCHMDOPM","content":"Belfast City Council is confident it can sell the potential of getting a bike scheme on the road to prospective sponsors.It secured nearly £699,000 in funding last year from the North’s Department for Regional Development to develop a public bike hire scheme.","type":"text"},{"_id":"VNVN2RSCDJAX7H3K2HFNBBL7XE","additional_properties":{},"content":"But Councillor Deirdre Hargey, chairperson of the council's development committee, says the city needs business organisations to get involved with the scheme, firstly to deliver it but also in a sponsorship role to help make it work.","type":"text"},{"_id":"35YEVYHQLBCIJM6OUTEBT4TEQI","content":"The council is hoping to attract business sponsorship of about £300,000 to £400,000 over a three-year period.","type":"text"},{"_id":"XFLRPBGZFVF3LJGMT2AAUXK26M","content":"Hargey says the new venture gives companies an opportunity to develop stronger ties with Belfast and she says that as an “up-and-coming cosmopolitan city” this could help give organisations exposure to not only residents of the city but also visitors.","type":"text"},{"_id":"IH4LUPSYBFEOLFJKZLOWZN5ENU","additional_properties":{},"content":"<br/><strong>'Isolated events'<br/></strong>She says the council is not concerned that potential blue-chip corporate sponsors could be anxious about the negative impact of what Hargey describes as \"isolated events\" in the city such as the flags protest earlier in the year.","type":"text"},{"_id":"7654S5NG3NEN7B3ZPMAMGAUDUM","content":"“The public bike hire scheme says a lot about Belfast’s ambitions – it highlights the changes that are taking place in the city and the kind of city we want Belfast to be. We’ve learnt a lot about how other cities such as Dublin and New York operate similar bike hire schemes – we’ve learnt from their experiences and we know how important these schemes have been in connecting cities. For example in Dublin one of the biggest users of the scheme is the business community. Their scheme has helped connect business districts and we hope to be able to replicate that in Belfast,” she said.","type":"text"},{"_id":"VYJVOSOTWZAG7DQ3DX3DOWB7OM","content":"One of the ambitions for the Belfast bike scheme is to create a stronger network between Belfast’s traditional city centre business district and new emerging business areas such as Titanic Quarter.","type":"text"},{"_id":"RCGTQFCETJGCVNV6Z5VMKLP644","content":"Hargey says Belfast is also keen to reproduce the success other bike schemes such as New York’s Citi Bike has promoted in bringing local communities together and encouraging visitors to venture off the beaten track.","type":"text"},{"_id":"VSALIXHKIREMZA2ILQEPKEIO3A","content":"Its member meet-up events are designed to highlight local communities and there is an economic spin-off from the bike scheme for different areas – for example its night-time bridge ride runs promotions with local shops and pubs.","type":"text"},{"_id":"R5XG25552RC35FLRAEN2ICB6R4","additional_properties":{},"content":"<br/><strong>Cycle hires<br/></strong>Since its launch in 2009 it is estimated that nearly six million journeys have been completed on Dublinbikes, while Transport for London claims that more than 25 million total cycle hires have taken place since its scheme went live in 2010.","type":"text"},{"_id":"IYLNY3NMBRFMDOFBKUPXAZSZU4","content":"According to some research there is evidence to suggest that successful cycle networks help revitalise certain communities because they bring new spending power into those areas that people might not have chosen to travel to either by bus or car.","type":"text"},{"_id":"WS5A232QVNFT5M5AYB4REN2KVY","content":"Belfast City Council hopes that the first phase of its bike scheme, which will initially feature 300 bikes in 30 docking stations, will in the long run deliver benefits for neighbours across the city.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Francess McDonnell"}},"name":"Francess McDonnell"}]},"description":{"basic":"Proposals for a bike-sharing scheme hinges on corporate sponsorship"},"display_date":"2013-11-12T01:00:00Z","headlines":{"basic":"Belfast prepares to join the city cycling revolution"},"promo_items":{"basic":{"_id":"E3V5PTGU2QGBXAPDLNQICYYUK4","auth":{"1":"d6ae6ae713ba3ab811c5895587008c136323b0d644fe2791b3a213a52d9873e6"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/E3V5PTGU2QGBXAPDLNQICYYUK4.jpg"}},"subtype":"opinion","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/belfast-prepares-to-join-the-city-cycling-revolution-1.1591291","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"PRWCAIDOR6KMHM3NIMK7RDULXQ","additional_properties":{},"canonical_url":"/business/transport-and-tourism/website-writer-apologises-to-ryanair-1.1589058","content_elements":[{"_id":"P2SPHYMQ3JDWVO5WKX7IBITCGA","additional_properties":{},"content":"Ryanair has secured another apology from a person who made an anonymous posting on a website about the airline.","type":"text"},{"_id":"4HIHYIJVZZC4LFZLKXQP7PGDWU","additional_properties":{},"content":"A man called Peter Walsh posted the apology on the Pprune.org website and said he had made a payment to charity that recognised the seriousness of the false claims he had made against the airline under the pseudonym ASFKAP.","type":"text"},{"_id":"UEYULU64FBH5TJBDXRRSZI45KE","additional_properties":{},"content":"Earlier this year Ryanair secured an order from the High Court compelling Eircom to disclose information to the airline that would assist it in identifying ASFKAP who, it said, had made highly defamatory comments about it.","type":"text"},{"_id":"BNGWNPFD7ZGJVO5HLEATFUMLLY","content":"The court was told that Ryanair had begun proceedings in California, where the website is registered, and had engaged an expert who had discovered the person using the name ASFKAP had IP addresses associated with Eircom.","type":"text"},{"_id":"HKCNJB336VA3XL5OHWIJSYEOKI","additional_properties":{},"content":"<br/>\n\tProceedings<br/>\n\tRyanair then identified Mr Walsh and instigated proceedings in the High Court. Mr Walsh is understood to live in Ireland but is not thought to be a Ryanair pilot. He was represented in the High Court proceedings by Rennick solicitors, of Dunboyne, Co Meath. A request for a comment from Mr Walsh, submitted through the solicitor's firm, met with no response yesterday.","type":"text"},{"_id":"GNNXWPWFMZCVJAZMEZZRAXZCTU","additional_properties":{},"content":"A spokesman for Ryanair said it was satisfied the matter had now been resolved and that it would not allow anyone to impugn its \"unblemished 29-year safety record, which has been confirmed by the Irish Aviation Authority as being 'on a par with the safest airlines in Europe'\". A number of cases against other parties are pending in the High Court.","type":"text"},{"_id":"MMZQ2GRA7NA35H5GCTR3MO76JI","content":"The court was told earlier this year that ASFKAP made a posting on Pprune, (the so-called rumour network for professional pilots) saying: “Can we not have a separate forum for Ryanair narrow escapes, near misses, airworthiness incidents and bullying and harassment issues?”","type":"text"},{"_id":"MNQDPYZ7MZCELKZ4X67BGECOTY","content":"In his apology Mr Walsh said he had made a number of claims about Ryanair and the safety of its flights and operations which he now accepted were false. “I recognise and accept that I had no basis in fact for making such comments and I unreservedly revoke these false statements,” he said.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Colm Keena"}},"name":"Colm Keena"}]},"description":{"basic":"Airline identified man who made comments using alias and brought case against him"},"display_date":"2013-11-09T01:00:00Z","headlines":{"basic":"Website writer apologises to Ryanair"},"promo_items":{"basic":{"_id":"RSHJ33RLC3NYMR42BDFMK2GRIM","auth":{"1":"56f41e17f2cf513cdb323c65bab0bf1e44b924891196c1d4aeb8ff868e7ec7a7"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/RSHJ33RLC3NYMR42BDFMK2GRIM.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/website-writer-apologises-to-ryanair-1.1589058","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"KZXTLPYIW3TI42GLNKSV4ZQX6I","additional_properties":{},"canonical_url":"/business/transport-and-tourism/back-to-the-future-for-transport-links-1.1589042","content_elements":[{"_id":"W6VVRDMFHFFRPKX5BHYCXW5TDM","additional_properties":{},"content":"It seems as if we're heading back to the future in terms of the transport links between Ireland and Britain, following news this week from Irish Continental Group (ICG), the owner of Irish Ferries, that it plans to add a new car ferry to its Dublin-Holyhead route.","type":"text"},{"_id":"7VALNYJRKZCLVBA6ZR37LQUT3Y","content":"Once upon a time, if one wanted to travel to our nearest neighbour, the standard route was to roll on to a ferry in Dublin and roll off again on the other side – 4½ hours and two sickbags later.","type":"text"},{"_id":"4T7QILOYLBD3VNU4ASCGRUJGCI","additional_properties":{},"content":"Then Ryanair came along with its cheap fares and no frills, and enticed the masses into the skies with affordable air travel. Much is often made of the mauling Ryanair has inflicted on Aer Lingus. But many people forget that Michael O'Leary's first competitive victim was the Irish-British passenger ferry sector.","type":"text"},{"_id":"P6WLYR5HAJAF7IULQMRFKWIEBE","content":"Now, for the first time, Ryanair seems unsure of itself. Two profit warnings, an admission that its irascible approach has alienated consumers, and an acknowledgement that fares are heading back upwards again.","type":"text"},{"_id":"IMDJ4INMTZDDJEION7WUV62DMM","content":"Are we on the cusp of another major shift in consumer behaviour that might mean a bigger slice of the pie for more comfortable cross-channel travel?","type":"text"},{"_id":"FQ4AEKS2BND6BENG6Z55OYHDC4","additional_properties":{},"content":"ICG certainly seems to think so.<em> Epsilon</em>, a 186m car ferry, will take to the seas between Dublin and Wales in December. It will have capacity for 500 passengers and will travel back and forth twice each day.","type":"text"},{"_id":"KPQ45IV6ANA5DGME3CYJLUVXLM","content":"That is 1,000 passengers, or more than five fully-loaded Ryanair aircraft, in each direction.","type":"text"},{"_id":"K5T7LJD5JNFH7D2ZQRN2M3ZLMY","content":"The budget airline, which flies to numerous British airports from Dublin, would be wise not to dismiss this latest competitive threat. The natives (the consumers) appear to be restless.","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Irish Continental Group plans to add new car ferry to its Dublin-Holyhead route"},"display_date":"2013-11-09T01:00:00Z","headlines":{"basic":"Back to the future for transport links"},"promo_items":{"basic":{"_id":"KEHUEU3AOGB7QPHUNKMBBMC3ZE","auth":{"1":"b8191230f9c2f435c9eeab302b84d71f55ac9bbc0ff7060caf12b34996b07b48"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/KEHUEU3AOGB7QPHUNKMBBMC3ZE.jpg"}},"subtype":"opinion","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/back-to-the-future-for-transport-links-1.1589042","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"4P6WAI3B7HRSA32AWLVTFRXOLI","additional_properties":{},"canonical_url":"/business/transport-and-tourism/iag-third-quarter-profit-soars-as-iberia-improves-1.1588363","content_elements":[{"_id":"7NBEFHHYLFDWRJL4AYM4UDMW3Q","additional_properties":{},"content":"Profit at International Airlines Group more than doubled in the third quarter as Spanish carrier Iberia began to recover, adding to another strong performance from British Airways and boosting its shares.","type":"text"},{"_id":"5UL6K7LMEFEKLEUFLVOB7EP2VU","content":"Europe’s third-biggest airline group by market value said today restructuring at Iberia, which has suffered from labour disputes and the loss of once-loyal Spanish consumers to budget rivals during an economic slump, was starting to bear fruit.","type":"text"},{"_id":"LW7TY6ZV7FGN3MB35B3433I5KE","content":"IAG, the parent of BA and Spanish carriers Iberia and Vueling, posted an operating profit of €690 million for the three months to end-Sept, compared with a profit of €270 million in the same period a year ago.","type":"text"},{"_id":"ZAFD3RABVZBU7LWTYVHDEARSJI","content":"IAG was expected to report a third-quarter operating profit, before exceptional items, of €600 million, according to a company-supplied consensus forecast.","type":"text"},{"_id":"SUG4CA47LFCGTBMFQY2XVOVEOA","additional_properties":{},"content":"Shares in IAG, which have already doubled over the past year, jumped 3.1 per cent to £359.8, outperforming rivals Lufthansa and Air France.","type":"text"},{"_id":"ITKKSYFOHJHLTOOTEHNZLLUTDU","additional_properties":{},"content":"\"The airlines within the group are performing well, underlying market conditions remain unchanged, and the profit target for the year indicates that we expect to be profitable,\" IAG boss Willie Walsh told reporters.","type":"text"},{"_id":"M4GXSFLWBJEDDDAZVKHQSF56FU","content":"IAG is targeting 2013 operating profit of around €740 million a figure BPI analysts said was above their forecasts. Mr Walsh declined to update longer-term targets which he said would be provided at an investor day next week.","type":"text"},{"_id":"GYA5T2WR3RDXFAV5NVQIB3BIRA","additional_properties":{},"content":"Other legacy European airlines such as Lufthansa and Air France-KLM are slashing jobs and revising growth plans as they grapple with soaring jet fuel prices and a weak economy, leaving gaps that budget carriers have been quick to exploit.","type":"text"},{"_id":"7XN6C4EBOZFLJFMXYGLMJBVZJE","content":"The appearance of low-cost airlines and high-speed trains in Spain have been particularly harsh on Iberia’s business during five years of economic recession or stagnation that just ended in the third quarter.","type":"text"},{"_id":"GSLUHXGGFNAM7KBEWNOJIFR7LI","content":"Profit at Iberia rose to €74 million in the third quarter from €1 million in the same period a year ago, while BA made a quarterly operating profit of €477 million, up from €268 million a year ago.","type":"text"},{"_id":"ORA3TZMJF5EFBGDSGCRAIQQQ2A","content":"Group revenues rose by an annual 6.9 per cent to €5.4 billion in the quarter. (Reuters)","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Restructuring at troubled airline starts to bear fruit"},"display_date":"2013-11-08T11:01:22Z","headlines":{"basic":"IAG third quarter profit soars as Iberia improves"},"promo_items":{"basic":{"_id":"Y2G6DLNBRNWOKWNGWKXHSNDDTQ","auth":{"1":"831bdb3a31565796b05ce03d6fa1cb0fa04fa3220e1b3035432a2ed65de37190"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/Y2G6DLNBRNWOKWNGWKXHSNDDTQ.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/iag-third-quarter-profit-soars-as-iberia-improves-1.1588363","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"5UTST54JAWIFEBCQ32J7FDKAQM","additional_properties":{},"canonical_url":"/business/transport-and-tourism/new-road-signs-with-parity-for-irish-may-be-introduced-1.1587458","content_elements":[{"_id":"HZ5V55SDQFAIFFE2OJUITHGOCM","content":"The Department of Transport has asked the NRA to trial run newly-designed road signs that would give the Irish language parity with English on the country’s roads for the first time in the history of the State.","type":"text"},{"_id":"BIY727ELCJDI5MMJC6GAIXJF6I","content":"The new design, which uses the test ‘Turas’ typeface and colour differentiation to highlight both languages, is based on recommendations outlined in a study commissioned by Irish language organisation Conradh na Gaeilge.","type":"text"},{"_id":"W7QB6IGNUFGX5LLJP3XQ5V4JBE","additional_properties":{},"content":"Conducted by Royal Society of Arts Fellow Garrett Reil, the study was aimed at discovering more efficient and safer means of delivering information to drivers as well as delivering the promise of equal status for Irish.","type":"text"},{"_id":"HSMKG3SYCWCFO26DKTBVBCRVBA","additional_properties":{},"type":"image"},{"_id":"ODNVSD6ZTZBQLICPVU2KMX35AY","additional_properties":{},"content":"The existing system employs the British Transport typeface which was designed by graphic designers Jock Kinneir and Margaret Calvert to standardise the UK road network in the 1960s. Considered a design classic, the typeface was later adopted in Ireland. However, the adopted Irish version saw the introduction of italics for Irish place names, \"directly\" thwarting the design intent of the original Transport typeface, according to the report.","type":"text"},{"_id":"NVHMM7CUF5CBZOBLP2RAL5YOAM","content":"It found that not only does current Irish road sign design not follow best international practice but that Irish typographic characters are poorly drawn - rendering place names in Irish less visible than in English.","type":"text"},{"_id":"SNRM55P6YRC37GXFFE4EJHZKSQ","content":"The report also identifies problems faced by older drivers through a phenomenon known as halation where light cast upon reflective lettering causes letter shapes to obscure thereby impairing the ability of the road user to read the sign.","type":"text"},{"_id":"SWJU4RWHZNBBLNHMIWHPTAB4AI","content":"Citing the iconic Transport typeface and how it has become synonymous not only with the British transport system but is also is part of “the look of Britain”, the report emphasises the cultural impact road sign design can have on society and how it can unintentionally become a visible expression of national identity.","type":"text"},{"_id":"CUIOIQKAONDULP22LMF46L6SSU","additional_properties":{},"content":"News of the possible change to the country's road sign design first emerged on social media yesterday afternoon when Mr Varadkar used Twitter to gauge public reaction to the proposition.","type":"text"},{"_id":"WE5663PJMRBI7DUNYLBNB3WF54","content":"Tweeting an image of a prototype sign depicted alongside a sign currently located along the M8 motorway in Cork, Mr Varadkar said: “Considering a trial of a new road sign. Brighter agus gaeilge nios feiceali. Cad a ceapann sibh?”","type":"text"},{"_id":"M2LKB2QOJRHTXLBN42DPGVBRGA","content":"Conradh na Gaeilge discussed the contents of the report with Mr Varadkar on Tuesday and Mr Varadkar subsequently asked the NRA to consider trialling it on a pilot basis.","type":"text"},{"_id":"A4DHO6ZEFVBIBEJL4DTT2SB5QQ","content":"“I like the new design and I do think there should be parity between Irish and English where it matters, like road signs that people see every day,” Mr Varadkar said yesterday.","type":"text"},{"_id":"2ZJJXOCOBJGFNIHGQ5DFA2MJEE","content":"“But it’s a bit like an election poster: it’s only when you put it on a road and drive past that you really know whether it works.","type":"text"},{"_id":"WAW7V6DPAJD2JIVDLZE2E57XSY","content":"Conradh na Gaeilge general secretary Julian de Spáinn welcomed the minister’s response and described this week’s meeting at the Department of Transport as “very positive”.","type":"text"},{"_id":"7ZQXXPXZ3NHK3CH3OBV5MSQLB4","content":"The new signs, if adopted, will not incur additional cost to the State as they will only be introduced to replace decommissioned signs or when new signs need to be put up.","type":"text"},{"_id":"FOXL75ZX65AG5LWFGEK63GEIFQ","content":"The introduction of a new design would also require legislative change as existing road sign legislation stipulates that road signs must give priority to English place names.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Éanna Ó Caollaí"}},"name":"Éanna Ó Caollaí"}]},"description":{"basic":"Proposed design change based on recommendations in study by Conradh na Gaeilge"},"display_date":"2013-11-08T09:32:26Z","headlines":{"basic":"New road signs with parity for Irish may be introduced"},"promo_items":{"basic":{"_id":"QWVTP3R2IVVAOGUXBLGEKHIY5A","auth":{"1":"1c91539e734c63b5e04f1d81794ad26037cced9223012e6b7155af09f25c0cf7"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/QWVTP3R2IVVAOGUXBLGEKHIY5A.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/new-road-signs-with-parity-for-irish-may-be-introduced-1.1587458","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"I4CYOKOP2M7ZRILPZHVL2VDQY4","additional_properties":{},"canonical_url":"/business/transport-and-tourism/what-goes-around-1.1587285","content_elements":[{"_id":"23TM6ES6WFHYVASE3M3KJOSEG4","additional_properties":{},"content":"As Ryanair rolls back its worst anti-consumer policies – there is now a grace period to make free changes to reservations online – Michael O'Leary's Gigginstown House Stud is under the microscope for making late changes of its own.","type":"text"},{"_id":"PLJGTLR3VJFPZP6LTEOX4JFSBI","additional_properties":{},"content":"The <em>Racing Post </em>reported that the Turf Club is investigating the frequency of late changes by Gigginstown regarding announcing non-runners and related late jockey changes.","type":"text"},{"_id":"ZBXD5YAUNFHQVNDYJD3GK3CAJM","additional_properties":{},"content":"O'Leary's mount <em>Road to Riches </em>(the nag obviously hasn't bought any Ryanair shares lately) was declared lame shortly before a race in Cork last Sunday, and the steward's permission was sought to switch its jockey to another horse.","type":"text"},{"_id":"KSXHC4SX6RDZBDDULXBBLFX5FM","content":"The stewards said yes, but referred it to the Turf Club. Gigginstown apparently has form in terms of late changes in recent months.","type":"text"},{"_id":"QTB6EEXUSZCHLA3CHLA635IKG4","content":"Hilariously, some of them have attracted heavy fines, which will chime with anyone who has ever forked out for a change to a Ryanair ticket. Last month it cost €600 for a couple of late changes to Gigginstown mounts at Limerick.","type":"text"},{"_id":"VMZOBSM6QVEFZBU36ZS2GSR4SQ","content":"That’s called Karma, Micko.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Mark Paul"}},"name":"Mark Paul"}]},"description":{"basic":""},"display_date":"2013-11-08T01:00:00Z","headlines":{"basic":"What goes around . . ."},"promo_items":{"basic":{"_id":"P6J7IZN7QJKMQDNIZQOSMZBQPM","auth":{"1":"1376f9d031533d8e71e8ff7993c45c936c95c74382741fb5566d24b37c62a514"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/P6J7IZN7QJKMQDNIZQOSMZBQPM.jpg"}},"subtype":"opinion","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/what-goes-around-1.1587285","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"NHHCRRJSVPMWTO7LSRB3NOJVOA","additional_properties":{},"canonical_url":"/business/transport-and-tourism/tesla-reports-third-fire-involving-model-s-electric-car-1.1587231","content_elements":[{"_id":"DPS3NWLFGJF77KKO7FGE5RVJHQ","content":"Tesla Motor’s Model S electric car has suffered its third fire in six weeks, sending its shares down about 7 per cent in early trading.","type":"text"},{"_id":"MAEPDT724BB65BB2CX3JC44HLY","additional_properties":{},"content":"The Tesla Motors Club website contains pictures and a story about another fire involving a Model S yesterday afternoon that a company spokeswoman confirmed. The accident occurred in Smyrna, Tennessee, where Nissan Motor Co makes the Leaf electric car.","type":"text"},{"_id":"7ORDLVEO2RDV3F6KCAUCAOPETA","content":"Tesla said it has been in touch with the driver, who was not injured.","type":"text"},{"_id":"4GR3OU4ME5ABFBSZE5SKQTTE4Y","content":"“Our team is on its way to Tennessee to learn more about what happened in the accident,” Tesla spokeswoman Elizabeth Jarvis-Shean said in a statement. “We will provide more information when we’re able to do so.”","type":"text"},{"_id":"6O54M6ZIZBAX7JVEFGOLVHFWUI","content":"The company said the fire was the result of an accident and was not a spontaneous event.","type":"text"},{"_id":"VEPB532AIFDPXH3UHNPCZ5PMHE","content":"The Tennessee Highway Patrol said the incident occurred on Interstate 24 in Smyrna around 1.30pm.","type":"text"},{"_id":"64NSFE7R2FH2FLMHNHWFKRDCUM","content":"“It’s possible that it ran over a piece of metal in the roadway,” patrol dispatcher Kathy Bryant said. “There was extensive damage.”","type":"text"},{"_id":"6RQLT2QR2BAKBBGANIMN55ZHI4","content":"The police report did not say how fast the 2013 model year car was traveling, but the driver was able to pull off the roadway and get out of the car. The incident occurred four miles from the exit for the Nissan plant.","type":"text"},{"_id":"KQY4MAR5C5GJFDDELME5CBMOUE","content":"A woman who answered the phone at the lot where the car was towed said Tesla officials had contacted her.","type":"text"},{"_id":"Y5YCFESIH5ANDL4SEP6F3QZBTM","content":"On Tuesday, Tesla forecast a weaker-than-expected fourth-quarter profit and posted third-quarter Model S deliveries that disappointed some analysts.","type":"text"},{"_id":"XTOYGKBKTNEPNGJQMJYKUNYDNA","content":"The first Model S fire occurred on October 1st near Seattle, when the car collided with a large piece of metal debris in the road that punched a hole through the armor plate protecting the battery pack. US safety regulators at the National Highway Traffic Safety Administration later said they found no evidence to indicate a vehicle defect.","type":"text"},{"_id":"KJV4IZDDXJG5ZICHDR76KVWDZU","content":"The second fire took place later in the month in Merida, Mexico, when according to reports a car drove through a roundabout, crashed through a concrete wall and hit a tree.","type":"text"},{"_id":"TFBUFPBKOBCKHDB3MOYYJYWZBE","content":"Neither driver was injured in the earlier accidents and in all three cases the company said the owners have asked the company for replacement cars.","type":"text"},{"_id":"VKFS3QLDF5HDBMBJMVBWV6NPRY","additional_properties":{},"content":"After the first fire, Tesla chief executive Elon Musk defended the safety performance of electric cars. \"For consumers concerned about fire risk, there should be absolutely zero doubt that it is safer to power a car with a battery\" than a conventional gas-powered vehicle, he said on a blog post.","type":"text"},{"_id":"N52AVLJUYBBC7CKPGG3TCJT7LU","content":"Company executives called that first fire a “highly uncommon occurrence,” likely caused by a curved metal object falling off a semi-trailer and striking up into the underside of the car in a “pole-vault effect”.","type":"text"},{"_id":"RDAOREVXBFHB3BCGQBXMFNZTWA","content":"At the time, Mr Musk did not say if Tesla would make any changes to the Model S battery design as a result of the first accident. Ms Jarvis-Shean had no immediate comment when asked if such changes were being considered.","type":"text"},{"_id":"2NU7DUBIRBARFJNLSROZF4QYLI","content":"Tesla’s shares fell as low as $140.50 on Nasdaq.","type":"text"},{"_id":"2WECV7HOVFGPLPGLTGDIPMTZWU","content":"Since the first fire, Tesla’s shares have fallen more than 26 per cent and this week’s declines are the worst one-week drop since May 2012. 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