Late last night we received the good news that the Ryanair pilot strike planned for this coming Wednesday has been called off indefinitely.
The IMPACT statement in full read: "While Ryanair management said they recognised IMPACT/IALPA for collective bargaining purposes at this evening's meeting (19th December), they said they were unable to give the union a piece of paper to confirm this".
"Ryanair will now change its long-standing policy of not recognising unions in order to avoid any threat of disruption to its customers and its flights from pilot unions during Christmas week".
Pilots' union IMPACT has said there is an urgent need to end the uncertainty.
Ryanair Chief People Officer Eddie Wilson told journalists his meeting with union representatives was positive.
It forced the budget airline to recognise a pilots' union and brought about talks with IMPACT union scheduled for later today.
"This is disappointing given all that's been said in the media over the last five days".
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"He has said in the past that hell would freeze over before he would recognise unions".
Market analysts anticipate this could increase Ryanair's cost base by up to €150m a year - and even more, if thousands of cabin crew and other support staff also seek union representation.
He said: "We have meetings with the German unions tomorrow and Portuguese on Thursday, and we have meetings set up throughout January".
One of the conditions for the pilot talks is that the union should establish a committee of Ryanair pilots, as the airline will not speak with pilots who fly for competitor airlines.
Ryanair pilots chose to call off the industrial action after the airline caved in to demands and agreed to recognized unions, a decision that totally contravened their previous 32 year-long stance on unionship.
"We have had a number of threatened strikes across a number of countries in Europe and to protect our passenger's travel plans over the Christmas period we've chose to make that decision now".