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Annual Report 1999 in PDF - Aer Lingus

Annual Report 1999 in PDF - Aer Lingus

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Message from theGroup Chief ExecutiveI am jo<strong>in</strong><strong>in</strong>g <strong>Aer</strong> L<strong>in</strong>gus at a time of rapid change for both the Group and the <strong>in</strong>dustry as awhole. This change presents many challenges and opportunities and I look forward to lead<strong>in</strong>gthe airl<strong>in</strong>e through this most excit<strong>in</strong>g of journeys.I am particularly excited to be jo<strong>in</strong><strong>in</strong>g <strong>Aer</strong> L<strong>in</strong>gus dur<strong>in</strong>g its transition from a State ownedcompany to a publicly quoted one. <strong>Aer</strong> L<strong>in</strong>gus has identified the necessity for new capital tofacilitate the growth and development of the airl<strong>in</strong>e. The IPO will enable <strong>Aer</strong> L<strong>in</strong>gus to accesscapital markets <strong>in</strong> order to facilitate this growth.While <strong>Aer</strong> L<strong>in</strong>gus has long operated <strong>in</strong> a very competitive bus<strong>in</strong>ess environment, the airl<strong>in</strong>e hasdemonstrated an ability to ma<strong>in</strong>ta<strong>in</strong> a strong market position and record healthy results.I believe there cont<strong>in</strong>ues to be considerable growth potential for full service airl<strong>in</strong>es such as<strong>Aer</strong> L<strong>in</strong>gus with<strong>in</strong> the current <strong>in</strong>dustry climate. However, as a leader <strong>in</strong> customer servicestandards, we must cont<strong>in</strong>ue to turn the growth potential <strong>in</strong>to results by focuss<strong>in</strong>g clearly onour customers.Important new strategies have been adopted <strong>in</strong> recent years to ensure that the airl<strong>in</strong>e isresponsive to its customers needs, that it does so <strong>in</strong> a consistently professional way and that itmanages its bus<strong>in</strong>ess effectively and efficiently.Our aim is to be the first choice airl<strong>in</strong>e for passenger and cargo customers on all the routes weoperate, to be recognised as a world class, full service airl<strong>in</strong>e, to provide high quality customercare at every stage of the travel experience, to offer a global route network with our alliancepartners and to operate a consistent, reliable and safe airl<strong>in</strong>e. The bottom l<strong>in</strong>e is that if weachieve these objectives, I believe we can cont<strong>in</strong>ue to achieve profitable growth and enhanceshareholder value.Michael FoleyGroup Chief Executive7

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