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.
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Ryanair’s growth plan goes down the drain
According to Stelios Haji-Ioannou, establisher of EasyJet, the plan of its competitor Ryanair concerning the company’s growth can lead to a sticky end. It is very important for Ryanair in Dublin to augment numbers of passengers by 50pc over next two-and-a-half years. Such plan will help to fill its 200 aircraft and also other 100 on order.
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Ryanair’s business model challenge
Last week, easyJet’s founder Sir Stelios, took yet another stab at Ryanair’s strategy. He said that Ryanair “needs to increase passenger numbers by 50 percent over the next 2 1/2 years to fill its 200 aircrafts and another 100 on order”, then added, “I believe that he will have a lot of grounded aircrafts in the next few years.”
Ryanair Delivers Ultimatum to Boeing
Michael O’Leary, Ryanair CEO, decided to deliver an ultimatum to Boeing by showing his readiness to finish its long term partnership and initiate talks with Airbus which is considered to be the European rival. Such management negatively influenced on executives.