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Airlines are notoriously secretive about the sums they pay for their aircraft. The list prices they cite are meaningless. Ryanair is believed to have negotiated a discount of up to 50 per cent from Boeing on its order while analysts put EasyJet’s at 30 to 40 per cent. Airlines gain altitude in the face of economic woes

‘Airlines have a history of shooting themselves in the foot when the industry is doing well’

The trustees of the joint pension scheme operated by Aer Lingus and the Dublin Airport Authority are believed to have told the companies that the €200 million they are offering to help plug the deficit in the scheme is not enough. Trustees of Aer Lingus-DAA pension scheme seek more funding for deferred members

Officials indicate that they could make an application to the High Court

Ryanair chief executive Michael O’Leary before the company’s EGM at Dublin Airport. Photograph: Aidan Crawley Ryanair considers paying shareholders third special dividend in early 2015

Airline gets green light to buy 175 Boeing aircraft worth €12 billion

UK court overturns Newham council’s refusal to grant Paddy Power a licence to open a new betting shop in east London. Photo: Bloomberg Cantillon: UK court backs Paddy Power

Court overturns Newham council’s refusal to grant Paddy Power licence to open new shop

Ryanair chief executive Michael O’Leary. The airline’s shareholders today approved the purchase of 175 Boeing aircraft. Photo: Bloomberg Ryanair shareholders approve purchase of 175 Boeing aircraft

Michael O’Leary says strike action by French air traffic controllers had a small impact

EasyJet agreed to buy 135 Airbus SAS jets worth about $13.22 billion at list price as the low-cost carrier upgrades its fleet. Photo: Bloomberg EasyJet agrees to buy 135 Airbus jets

Carrier buying larger, more fuel-efficient airliners to replace old jets

European Union car sales in May fell to a 20-year low as rising joblessness contributed to falling demand at PSA Peugeot Citroen, Renault and General Motors. Photo: Bloomberg EU car sales at 20-year low

Rising joblessness contributed to falling demand at PSA Peugeot Citroen, Renault

An Airbus A320, one of the models to be ordered by Apollo. Photograph: Pascal Rossignol/Reuters Aircraft specialist Apollo announces purchase plan

Dublin-based leasing group buying aircraft and engines for lease to airlines

Aer Lingus is seeking a court ruling that no Ryanair bid could be launched before February 2014. Photograph: Frank Miller Aer Lingus spent €40m in thwarting Ryanair takeover bids

Commercial Court to hear Aer Lingus action seeking to prevent another takeover move

Airbus sales chief John Leahy and Doric chief executive Mark Lapidus at the 50th Paris Air Show, unveiling the leasing company’s €8bn order. Photograph: Pascal Rossignol/Reuters Leasing company Doric unveils $8bn order of 20 Airbus A380 aircraft

Doric chief executive Mark Lapidus confirms deal at Paris Air Show

Xi Jinping visits Croke Park in Dublin last year, before his election as president of China. Photograph: Alan Betson Irish businesses take Chinese tourism course

Rapidly growing market has particular demands

Stephen Hester: “Shortly to be relieved of one of the best rewarded and most hateful jobs in the UK: running the Royal Bank of Scotland. ‘It’s been a very bruising and difficult job,’ he admitted last week. Yet instead of feeling happy to be out of it, disappointment was written all over his face.” Photograph: Oli Scarff/Getty Images A cup of tea may be the best way to engage employees

People may come to dislike their jobs a little less but seldom learn to love them

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Transport & Tourism

The trustees of the joint pension scheme operated by Aer Lingus and the Dublin Airport Authority are believed to have told the companies that the €200 million they are offering to help plug the deficit in the scheme is not enough. Trustees of Aer Lingus-DAA pension scheme seek more funding for deferred members
Ryanair chief executive Michael O’Leary before the company’s EGM at Dublin Airport. Photograph: Aidan Crawley Ryanair considers paying shareholders third special dividend in early 2015
UK court overturns Newham council’s refusal to grant Paddy Power a licence to open a new betting shop in east London. Photo: Bloomberg Cantillon: UK court backs Paddy Power