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In a statement on Saturday afternoon, Ryanair said: "Ryanair today confirmed that the German pilot union and Impact/IALPA (The Irish Airline Pilots' Association) have agreed to Ryanair's offer of meetings to agree union recognition on Wednesday, December 20th".

Chief executive Michael O'Leary said the airline would reconsider its policy of refusing to recognise labour groups.

Up to 117 members of the IALPA - part of Impact - working for Ryanair are set to take part in the planned action on Wednesday.

The Associazione Nazionale Professionale Aviazione Civile (ANPAC) called Ryanair's move "a very important first step", resulting in ANPAC suspending a first walk-out by Ryanair pilots that had been planned for between 1200 and 1600 GMT.

Aviation journalist Gerry Byrne thinks the pilots are being cautious because Ryanair's offer doesn't meet all their demands.

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At this point, it seems that all eyes are on Ryanair to prevent this strike.

It said it would "not engage with pilots who fly for competitor airlines in Ireland or elsewhere".

VC had threatened Ryanair with strike action, joining unions in other countries to put pressure on the airline's management as they sought to negotiate better contracts.

"Recognising unions will be a significant change for Ryanair, but we have delivered radical change before, most recently when we launched Ryanair Labs and our highly successful Always Getting Better customer improvement programme in 2013".

"We hope and expect that these structures can and will be agreed with our pilots early in the New Year". "They've gotten our offer of recognition in writing and we're happy to meet them next week, which itself is the first act in recognising IALPA", Ryanair said.