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RYANAIR WELCOMES SETTLEMENT OF US CLASS ACTION FOLLOWING MEDIATION
Ryanair Holdings Plc today (7th June) confirmed that the US Class Action launched by the City of Birmingham Pension Fund in Nov 2018, has been settled following recent mediation between the parties. This settlement came after the US District Court in 2020 dismissed many of the claims made by the plaintiff, considerably narrowing the grounds for action.
A spokesperson for Ryanair welcomed this settlement. The total settlement amount is $5m, which is considerably less than the legal costs that would have been incurred had this action gone all the way to trial. Ryanair contends there was no lawful basis for this claim, but that the settlement is in the interest of all shareholders due to the very modest settlement amount. The final settlement agreement will be subject to approval by the Court.
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RYANAIR LAUNCHES PRAGUE – PAPHOS & KOSICE ROUTES
Ryanair, Europe’s No.1 airline, today (1st August) celebrated the first flight from Prague to Paphos, while on Monday (3rd August) it will launch a twice weekly service to Kosice, both as part of its extended Summer 2020 schedule.
To celebrate its new routes, Ryanair has launched a seat sale with fares from 729 Kc for travel to Kosice and from 759 Kc to Paphos, both until the end of October, which must be booked by Wednesday (5th August), only on the Ryanair.com website.
RYANAIR LAUNCHES PRAGUE – PAPHOS & KOSICE ROUTES
Ryanair, Europe’s No.1 airline, today (1st August) celebrated the first flight from Prague to Paphos, while on Monday (3rd August) it will launch a twice weekly service to Kosice, both as part of its extended Summer 2020 schedule.
To celebrate its new routes, Ryanair has launched a seat sale with fares from 729 Kc for travel to Kosice and from 759 Kc to Paphos, both until the end of October, which must be booked by Wednesday (5th August), only on the Ryanair.com website.