Industry & Business

Transport

UK firm to take over 10% of Dublin Bus routes

    UK firm to take over 10% of Dublin Bus routes

UK bus company Go-Ahead has been announced as preferred bidder for 10% of Dublin bus routes after winning a tendering competition by the National Transport Authority. The company is expected to begin operating some of the 24 routes by the end of November 2018 and all routes by February 2019.
Dublin Bus also submitted a tender […]

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BusConnects could increase bus passenger numbers by 50%

    BusConnects could increase bus passenger numbers by 50%

BusConnects, a suite of initiatives to radically transform public transport in the Dublin region, has been launched by Minister for Transport Sport and Tourism Shane Ross and Anne Graham, Chief Executive Officer of the National Transport Authority. The ambitious proposals will put bus services at the heart of the solution when it comes to addressing […]

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New cars licenses down 20% in February compared to previous month

    New cars licenses down 20% in February compared to previous month

According to the Central Statistics Office (CSO), the number of new cars licensed in Ireland in February fell by 20.2% compared to the same month a year earlier. A total of 16,905 new cars were licensed for the first time in February versus 21,173 for February 2016. In addition, 7,723 used cars were licensed in […]

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71,647 Days Lost to Industrial Disputes in 2016

    71,647 Days Lost to Industrial Disputes in 2016

During 2016 there were 71,647 days lost to industrial disputes, according to figures released by the Central Statistics Office on Friday. This compares with 32,964 days lost in 2015.
There were a total of ten industrial disputes in 2016 compared with nine in 2015. The ten disputes in progress in 2016 involved 29,372 workers and ten […]

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New Car Sales Down 21 Percent in February

    New Car Sales Down 21 Percent in February

New car registration figures released on Wednesday by Motorcheck.ie show that new car sales in February 2017 have fallen 21% on last year with only 17,015 units sold compared to over 21,552 units for the same month in 2016. This puts the overall new car market for the year to date behind by 8.7% when […]

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Direct Flights Between Cork and North America Announced

    Direct Flights Between Cork and North America Announced

Cork Chamber welcomed the Norwegian Air’s Thursday announcement that it will offer direct flights between Cork Airport and Providence in Rhode Island, less than an hour’s drive from Boston, Massachusetts. New North American routes were also announced from Dublin, Belfast and Shannon airports.
“The opening of new flights between Cork and Boston, to be followed later by New […]

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Ireland Records Lowest Annual Inflation in the Eurozone

    Ireland Records Lowest Annual Inflation in the Eurozone

Ireland’s annual inflation rate was recorded as 0.2% in January 2017, the lowest in the Euro Area which saw an inflation rate of 1.8% , up from 1.1% in December 2016, according to figures released by Eurostat, the statistical office of the European Union, on Wednesday.  In January 2016 the rate was 0.3%. European Union annual inflation […]

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European Parliament Approves Trade Agreement with Canada

    European Parliament Approves Trade Agreement with Canada

The EU-Canada Comprehensive Economic and Trade Agreement (CETA), which aims to boost goods and services trade and investment flows, was approved by the European Parliament on Wednesday. The landmark trade deal could apply provisionally from as early as April 2017.
“By adopting CETA, we chose openness and growth and high standards over protectionism and stagnation,” Parliament’s […]

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Dublin Airport Passenger Numbers Up Nine Percent in January

    Dublin Airport Passenger Numbers Up Nine Percent in January

Passenger numbers at Dublin Airport increased by 9% to almost 1.9 million in January, Dublin Airport announced Tuesday. Passenger volumes to and from continental Europe grew by 7%, with almost 873,000 passengers travelling to European destinations, while UK traffic grew by 8% with more than 741,000 passengers travelling on routes between Dublin and the UK during […]

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MicksGarage.com Raises €1.5 Million for UK Market Growth

    MicksGarage.com Raises €1.5 Million for UK Market Growth

Irish online automotive parts retailer MicksGarage.com announced on Sunday the completion of a €1.5 million funding round to support further growth in the UK market. This latest fundraising for the Irish owned e-commerce business, which provides car parts and accessories to both do-it-yourself motoring enthusiasts and garages, was founded by brothers Ciaran and Michael Crean.
MicksGarage.com […]

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Ryanair Q3 Profit Falls 8 Percent to €95 Million, Traffic Grows 16 Percent

    Ryanair Q3 Profit Falls 8 Percent to €95 Million, Traffic Grows 16 Percent

Irish airline Ryanair reported on Monday that Q3 profits fell 8% to €95 million, as average fares fell by 17% to just €33 per passenger and traffic grew 16% to 29 million customers. Q3 unit costs were cut by 12%. Ryanair also reported that €311 million was returned to shareholders in Q3 under a €550 […]

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Traceability – How to Have Your Cake and Eat It

    Traceability – How to Have Your Cake and Eat It

“Implementing a traceability system is not an expense. The benefits of traceability should outweigh the cost of implementation,” according to Denis O’Brien, Director of Standards and Solutions at GS1 Ireland.
GS1 global standards are the most widely used supply chain standards in the world. Over 2 million organisations across the globe currently use GS1 Standards to […]

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New Car Sales Down 1.75% in January, Used Imports Surge

    New Car Sales Down 1.75% in January, Used Imports Surge

New car sales in January 2017 have decreased slightly on last year with 39k units sold compared to 39.7k units in January 2016 according to figures released by vehicle history specialists Motorcheck.ie on Wednesday. This represents a drop of about 1.75%. A surge of 5,063 units registered on the last day of the month brought […]

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Keep Your Fleet Costs Down

    Keep Your Fleet Costs Down

Fleet managers will tell you that vehicle telematics can cut costs and make their jobs far easier. But what exactly is telematics? Essentially a live reporting tool, telematics comprise of a number of handy features including information on fuel usage, vehicle diagnostics, driver behaviour, traffic updates and of course live vehicle tracking. Above all telematics […]

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Interroll to Exhibit at Dublin Manufacturing & Supply Chain Conference

    Interroll to Exhibit at Dublin Manufacturing & Supply Chain Conference

Interroll, a worldwide leading producer of high-quality key products and services for internal logistics, will exhibit in Dublin at the National Manufacturing & Supply Chain Conference & Exhibition held on January 26th 2017.
Interroll’s products include easy-to-integrate drive solutions such as drum motors for belt conveyors, DC-powered and non-powered rollers for roller conveyor systems; energy-efficient flow […]

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Dublin Will “Grind to a Halt” Without Public Transport Investment – Chamber of Commerce

    Dublin Will “Grind to a Halt” Without Public Transport Investment – Chamber of Commerce

Dublin will grind to a halt unless the sharp rise in passengers using rail, bus and Luas is matched by an increase in spending on public transport, the Dublin Chamber of Commerce said on Thursday. The Chamber issued the warning after figures released by the National Transport Authority showed that 10m more passengers travelled on […]

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Ryanair Records 20% Traffic Growth in December

    Ryanair Records 20% Traffic Growth in December

December Ryanair traffic grew to 9 million in December,  a 20 percent increase on the same time period the previous year, according to figures released on Wednesday. Load factor also increased to 94%, according to the same report, up from 91% in December 2015. Rolling annual  traffic to December rose to 117 million customers, an […]

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€2.77 Million Allocated in Grants for Regional Airports

    €2.77 Million Allocated in Grants for Regional Airports

Minister for Transport, Tourism and Sport, Shane Ross announced on Friday that €2.77 million would be allocated in funding support for the four regional airports in Donegal, Ireland West Airport Knock, Kerry and Waterford, which alone will receive over one million euro in funding.
Minister Ross said: “These grant allocations are being made under the Regional […]

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ECJ Finds Ryanair, Aer Lingus Received State Aid

    ECJ Finds Ryanair, Aer Lingus Received State Aid

The European Court of Justice (ECJ) decided on Wednesday to reject an appeal on behalf of Aer Lingus, Ryanair, and the Irish State. The ECJ found that the airlines received state aid in the form of reduced air travel tax, and ordered that the amount of aid received must be paid back to the state, […]

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2016 Set to be ‘Best Year Ever’ for Irish Tourism

    2016 Set to be ‘Best Year Ever’ for Irish Tourism

2016 is set to be the best year ever for Irish tourism, surpassing all previous records, according to Tourism Ireland who launched its marketing plan to promote Ireland as a tourist destination in 2017 on Sunday, November 27. Tourism Ireland said that, by the end of the year, 10.5 million people will have visited the […]

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UDG Healthcare Announces 8% Increase in Operating Profit

    UDG Healthcare Announces 8% Increase in Operating Profit

Dublin-based Healthcare services provider UDG released preliminary results of their financial year on Thursday, November 24, which showed an 8% increase in operating profit for continuing operations over 2015. The results for the year ending on September 30 show increases in revenue, operating profit, profit before tax, earnings before interest, taxes, depreciation and amortization (EBITDA) […]

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India Trade Mission Sees Partnerships Signed

    India Trade Mission Sees Partnerships Signed

Enterprise Ireland’s Trade Mission to India, led by the Minister of State for Employment and Small Business Pat Breen, concluded on Sunday, 20th November 2016, having seen multiple partnerships signed between Irish and indian companies. Thirteen Irish companies traveled on the mission to the cities of Mumbai, Bengaluru and New Delhi.
During the mission, Dublin company […]

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14,270 Days Lost to Industrial Disputes in the Third Quarter of 2016

    14,270 Days Lost to Industrial Disputes in the Third Quarter of 2016

Figures released by the Central Statistics Office on Thursday, November 18, show that 14,270 days were lost to industrial disputes in the third quarter of 2016. The figures can be compared to the second quarter of 2016 where 1,127 days were lost to industrial disputes, or the third quarter of 2015 where no disputes were […]

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Minister for Employment and Small Business Leads Trade Mission to India

    Minister for Employment and Small Business Leads Trade Mission to India

The Minister for Employment and Small Business and TD for Clare, Pat Breen began a five-day trade mission to India on Tuesday, November 15, according to Enterprise Ireland. The trip, which will see Breen visit Mumbai, Bengaluru and New Delhi, is intended to develop trade and political links between Ireland and India.
The programme of official […]

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Aer Lingus to Open Dublin-Miami Route

    Aer Lingus to Open Dublin-Miami Route

Aer Lingus have announced that the airline will offer direct flights from Dublin to Miami, Florida, from 1 September 2017, as well as increasing the number of flights to other US cities, including Los Angeles, Chicago and Orlando.
The Irish airline also intends on opening Summer routes to Split, Croatia, and Porto, Portugal. Charlie Taylor reports […]

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Ryanair would build new Dublin airport terminal for €200 million, says Michael O’Leary

    Ryanair would build new Dublin airport terminal for €200 million, says Michael O’Leary

Speaking at a gathering with Government ministers in attendance, Ryanair chief executive Michael O’Leary has offered to build a third terminal at Dublin Airport for €200 million.
O’Leary was famously not the biggest fan of the €1.2 billion infrastructure development that helped build Terminal 2. On the day T2 officially opened in November 2010, a sombre […]

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Iarnród Éireann Announces Strike Warning

Iarnród Éireann union announces warning of a strike. The train drivers plan to take industrial action if they do not see improvements in their terms and conditions, such as a shorter work week.

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Bidding Settled for New Luas Project

A €368m cross-city Luas line bid was settled in a High Court challenge during the process of settling the contract.

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Hainan Airlines Discusses Direct Flights From Dublin to China

Hainan Airlines is investigating the potential for direct flights from Dublin to China.

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Dart Expansion Requires Space at Dublin Airport

Don Cunningham, the Irish Rail’s director of infrastructure stated that the Dublin Airport needs to set aside a space for the Dart line.

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Ryanair launches corporate jet charter service

Irish airline Ryanair launched a corporate jet charter service, offering a Boeing 737-700 for corporate/group hire.
Ryanair’s corporate jet charter offers:

A customised Boeing 737-700 jet
60 business class, reclining, leather seats
48” seat pitch
2×2 configuration
Crewed by Ryanair pilot and cabin crew professionals
Medium to long range (up to 6 hrs.)
Fine dining catering facilities available
Ideal for private corporate, sports team […]

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Irish Ferries owner posts rise in revenue

Irish Continental Group has reported a 10.5% increase in revenues and a 49.5% increase in earnings before accounting for tax, depreciation and amortisation for 2015.
The company, which owns Irish Ferries, said its revenues rose to €320.6m for the year to the end of December, while it reported EBITDA of €75.5m.
Operating profits for the year jumped […]

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Norwegian airline’s Cork plans on hold

Norwegian airlines announced planned flights from Cork to the US have been postponed pending receipt of a permit to enable the flight plan to commence.
A spokesperson from Cork Airport has said the airport is awaiting a receipt of Norwegian Air International’s foreign permit from the US Department of Transportation. The matter has now entered arbitration between the EU and […]

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500 jobs to be created by three firms

500 new jobs by three different companies have been announced for counties Dublin, Carlow, Cork and Tipperary. The majority of the jobs are expected to come on stream by the end of this year.
300 hundred of the 500 positions announced this morning are being created by pharmaceutical companies.
In Dublin, APC Ltd opened its new process research facility in […]

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Ryanair carries 7.5m passengers in one month

Ryanair carried a record 7.5 million passengers last month, according to the airline’s latest figures. That marks an increase in traffic of 25% on last year.
Ryanair said the results were down to offering lower fares in order to increase the number of people it carried on each flight.
It said the latest figures marked continued success of […]

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British Airways to recruit pilots and cabin crew

British Airways has announced plans to recruit a record number of flying crew in 2016. The airline wants to hire more than 350 pilots and 1,600 cabin crew, the largest intake in a single year for the carrier.
All flying crew will be trained at BA’s global learning academy based at Heathrow Airport, west London, which includes […]

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Dublin airport to create jobs to deal with record passenger numbers

Dublin Airport is to create more jobs this year as its passenger numbers hit a record 25 million in 2015. The number of passengers using the airport rose by 15% in 2015 – an additional 3.3 million on the previous year. The growth was driven by 22 new routes and extra capacity on almost 40 existing routes.
This growth […]

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IAG signs South America flight deal with LATAM

Owner of Aer Lingus, International Airlines Group (IAG) has signed a joint business agreement between British Airways, Iberia and LATAM Airlines Group, a South American airline. The deal centers around flights between Europe and South America, benefiting customers by providing better links between the two locations and offering a greater choice of flights.
In a statement released […]

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Bus Eireann unviels its €50m “fleet of the future”

Bus Eireann has unveiled its new €50m “fleet of the future” in Dublin, which comprises of 116 new vehicles. The new buses boast extra legroom, power sockets (on commuter coaches), wifi, monitors with real time information, are wheelchair accessible and have lower fuel emmissions.
Some of the fleet will soon enter service in Cork, Limerick and Galway […]

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Ryanair to open new base in Belfast International Airport

Irish airline Ryanair is to open a new base at Belfast Belfast International Airport from March with flights to London’s Gatwick Airport.
The airline, with an investment of $100m, will base one plane in Belfast and will start a four times daily service to London Gatwick.
Ryanair said the base will grow to three planes and five […]

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Jaguar Land Rover to build plant in Slovakia

    Jaguar Land Rover to build plant in Slovakia

Jaguar Land Rover, UK’s largest automotive manufacturing business, has signed an agreement with the government in Slovakia to build a new plant for the luxury car maker in the country.
The British company, which is owned by India’s Tata Motors, is planning a plant near the city of Nitra, about 65 miles west of the capital Bratislava, […]

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Aer Lingus boss will get €900,000 worth of IAG share options

    Aer Lingus boss will get €900,000 worth of IAG share options

Stephen Kavanagh, the CEO of Aer Lingus, has been awarded over 110,000 share options at the airline’s new owner, IAG.
The shares are currently worth close to €900,000 (£639,000), but won’t start vesting until the end of 2017 and are not exercisable until the end of 2019.
They will be awarded at no cost to Mr Kavanagh […]

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EU launches new aviation strategy to increase competition

    EU launches new aviation strategy to increase competition

Airlines including Ryanair, and Aer Lingus owner IAG, have called on the European Commission to tackle airport charges and taxation across the trading bloc in an effort to boost the aviation industry.
The Commission, which is the EU’s executive, also asked national governments to give it a mandate to start talks on air transport agreements with […]

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Jumbo jet ‘Cosmic Girl’ to launch Virgin Galactic spaceship

    Jumbo jet ‘Cosmic Girl’ to launch Virgin Galactic spaceship

Richard Branson announced that a 747 jumbo jet will be adapted for use as a launchpad for a Virgin Galactic spaceship.
‘Cosmic Girl’, a former Virgin Atlantic airliner, will be adapted to carry and release Launcher One rocket at high altitude.
The Boeing 747-400 will be modified so the Launcher One can be mounted underneath its left […]

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Charter company setting up Shannon base

    Charter company setting up Shannon base

A leading worldwide private aircraft charter operator is establishing a base in Co Clare.
Athens-based GainJet Aviation has begun the process of establishing its new Irish operation within Shannon Group’s International Aviation Services Centre (IASC).
The IASC is the business unit within Shannon Group plc, established in 2014, tasked with building on the already well-established aviation cluster […]

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Companies throughout Ireland commended at the 15th annual Export Industry Awards

The 15th Export Industry Awards was held at the Convention Centre in Dublin
The Irish Exporters Association recently held the 15th Export Industry Awards which attracted 500 guests and recognised companies throughout the country leading the way in exports.
The “Oscars of the export industry” attracted the likes of Tom Hayes T.D., Minister of State for the Department […]

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Dublin’s FLY leasing to return $100m to shareholders

Dublin-based aircraft leasing company FLY Leasing has announced adjusted net income of $32.3m (€30.1m) for the third quarter, while the firm invested $214m (€200m) in new aircraft during the period.
Between July and September FLY also completed sales for 15 aircraft and executed an agreement to sell 12 older aircraft.
Alongside its Q3 results, the leasing company […]

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Irish jet leasing firm Avolon posts a 33% increase in profits

Irish aircraft leasing firm Avolon saw profits rise 33 percent to $58m in the third quarter of the year as the company benefited from a mix of lease revenue and jet sales.
Avolon is currently in the process of being sold to China’s Bohai Leasing in a deal that places a $7.6bn enterprise value on the […]

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Ryanair announce half year profit of €1.4 billion

Ryanair has announced a half year profit of €1.4 billion for the six months to the end of September.
That figure includes a one-off gain of €317m from selling its stake in Aer Lingus to IAG.
The airline said its profit after tax rose by 37 percent to €1.088 billion, while revenues for the six month period […]

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Starbucks and Fiat ordered to pay huge EU back taxes

    Starbucks and Fiat ordered to pay huge EU back taxes

The European Union is demanding that U.S. coffee chain Starbucks and carmaker Fiat repay up to 30 million euros each in tax breaks they received from EU nations, in a major ruling to cut down on sweet tax deals multinationals often shop for.
“All companies, big or small, multinational or not, should pay their fair share […]

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Budget significantly cuts tax on lorries

Road tax on lorries has been reduced from a maximum €5,195 to €900 in the Budget.
This move brings the Republic  of Ireland in line with the UK, including Northern Ireland, where hauliers pay just €900 to tax a lorry which would usually cost €4,200 here.
The reduction has been welcomed by Verona Murphy president of the […]

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