Low-cost longhaul plans for Ryanair delayed for years
by Kevin on 15/02/10 at 5:23 pm
As reported by Michael O’Leary, CEO of Ryanair, the company has suffered a backlog in its orders for long-haul aircrafts and consequently the plan for a low-cost longhaul airline is delayed for the next few years. Mr O’Leary had announced this plan nearly 3 years ago and since then customers expectation has grown exponentially.
Mr O’Leary also said low cost transatlantic carrier is his retirement dream project. He confirmed that the company will offer services from Europe to US for €10.
He is expecting the Irish Government to give away its 25% stake in Aer Lingus to Ryanair only. As said by Aer Lingus chief executive Christoph the fact that Ryanair will be holding 30% stake in the company is no less than taking a poison pill.
Mr O’Leary said, Ryanair definitely has no control over Aer Lingus. According to him, Aer Lingus is being run by government bureaucrats rather than its current CEO Christoph Mueller.
You might also be interested in:
Recent Comments