The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Ryanair tries to delay operations chief's flight to easyJet

Tue, 03rd Dec 2019 00:01

DUBLIN, Dec 3 (Reuters) - Ryanair heads to court on
Tuesday to try to prevent operations chief Peter Bellew from
joining arch-rival easyJet until 2021.

Europe's biggest budget airline said in July that the former
Malaysia Airlines boss would step down at the end of the year.

But after easyJet announced Bellew's appointment as its new
chief operations officer a week later, Ryanair launched legal
proceedings in Ireland's High Court.

Ryanair argues that all its senior executives commit to
non-compete clauses barring them from joining a competitor for
12 months after leaving the Irish airline.

Ryanair boss Michael O'Leary told reporters in September
that the only issue was whether Bellew, who is currently working
out his notice, can join easyJet on Jan. 1, 2020, or Jan. 1,
2021, a full 18 months after easyJet announced his appointment.

An easyJet spokeswoman declined to comment on the case.
Bellew has not commented on the case since Ryanair initiated
proceedings.

O'Leary has said the timing of Bellew's switch is sensitive
because of the problems Ryanair is currently having with
Boeing's grounded 737 MAX jet, which have slowed down its
growth plans.

Ryanair is one of Boeing's biggest customers for the MAX
737, with 210 on order, and the airline said last month it
expected a further delay to deliveries that could leave it
without the new jets next summer.

Bellew left his role as CEO of Malaysia Airlines two years
ago to return to Ryanair where he was director of flight
operations before leaving for Kuala Lumpur in 2014.

Tasked with tackling a pilot revolt that resulted in
Ryanair's first ever strikes, Bellew has helped patch up
relations with staff and agree deals on pay and conditions with
trade unions that have quelled the unrest.

An Irish national, Bellew described his return to Ryanair in
2017 as "a form of national service" to help what he described
as Ireland's greatest company. Some observers had seen Bellew as
a possible future Ryanair chief executive.
(Reporting by Padraic Halpin; Editing by Mark Potter)

Related Shares

More News
23 May 2024 09:46

Wizz Air returns to profit, sees robust year for travel

Company expects 500-600 mln euros FY25 net profit *

20 May 2024 17:00

Miners lift London stocks as gold, copper hit record highs

FTSE 100 up 0.1%; FTSE 250 adds 0.6% *

20 May 2024 11:59

Ryanair boss says 'recessionary feel' may be limiting air ticket price rises

Ryanair annual profit hits record 1.92 billion euros *

17 May 2024 09:06

LONDON BROKER RATINGS: Jefferies says buy Tritax Big Box post merger

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

16 May 2024 17:33

FTSE 100 ends lower on disappointing corporate updates, BT Group soars

BT Group up after CEO aims for more than double free cash flow *

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.