Transportation Industry

Company Watch - Ryanair

AirGuide Business, Oct 13, 2008

Oct 13, 2008

The launch of a long-haul low-fare which is on Michael O'Leary's radar, whether it gets off the ground is very much dependent on finding cheap aircraft. Asked at a press conference in London yesterday when the proposed carrier could launch, O'Leary also stressed that the idea was still just a possibility. "There is no will in any of this, it's 'may or might happen', and nothing happens unless we can find a fleet of long-haul aircraft cheap in the next two years," he says. O'Leary revealed the idea to Flight last year and yesterday gave more details than ever before about the thinking behind the venture. It will be a sister company of Ryanair's but the low-cost carrier itself will not invest in it or have any active part in running it, he says. Oct 8, 2008

Ryanair CEO Michael O'Leary told reporters yesterday in London that "if aircraft fleet prices collapse," he would be interested in spearheading an effort to launch a long-haul LCC, Reuters reported. "There may be the opportunity to buy a fleet of long-haul aircraft cheaply next year," he said. He provided few details, but revealed his interest in the long-haul "no frills" transatlantic carrier concept more than a year ago. He said the potential airline would be independent from Ryanair. Oct 8, 2008

The launch of a long-haul low-fare which is on Michael O'Leary's radar, whether it gets off the ground is very much dependent on finding cheap aircraft. It will be a sister company of Ryanair's but the low-cost carrier itself will not invest in it or have any active part in running it, he says. Oct 8, 2008

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