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Ryanair's UK pilots accept pay rises

Ryanair's UK pilots accept pay increases of up to 20%
Ryanair's UK pilots accept pay increases of up to 20%

Ryanair said pilots at each of its 15 UK bases, including its largest company-wide base at London Stansted, accepted pay increases of up to 20% that many had rejected last year.

The news sent its shares higher in Dublin trade today 

Pilots at Stansted had rejected the offer by a margin of 60% to 40% in October as Ryanair struggled to contain a revolt that followed its cancellation of 20,000 flights a month over the mishandling of staff holidays.

The reversal follows the airline's surprise decision last month to recognise unions for the first time in its 32-year history in order to avoid widespread Christmas strikes.

Ryanair shares today returned to the level they were trading at before the announcement on recognising the unions, which had sent the shares down 9% in one day in December. 

The airline has opened recognition talks across Europe and said that discussions with British pilot union BALPA were proceeding quickly. 

BALPA said in a statement that it had no part in the pay talks and that "things will be done differently" once they are recognised. 

Ryanair said it had agreed with BALPA that the pay increases should not be delayed by their negotiations. 

Ryanair added that it had asked the one-third of pilots in another of its major European hubs in Dublin that have yet to accept the pay increases to vote on its proposals by January 17 but was disappointed that no such vote was organised.

Talks with the pilots' unions are progressing slowly, it said.