Ryanair Boss forsees big airline mergers
A report on RTE states how the CEO of Ireland based airline Ryanair (Europe’s largest air carrier) forsees major changes in the airline industry in the short term future.
Here’s what he had to say:
Ryanair Chief Executive Michael O’Leary says he believes in the next five years all European airlines will have merged with the big five airlines.
He said there would be no independent airlines such as Aer Lingus.
Mr O’Leary was appearing before the Joint Committee on Transport, which is considering air access to regions outside Dublin and fuel increase charges.
‘It would be better for Aer Lingus to be owned by a man from Mullingar who guarantees no fuel surcharges, than some anonymous person in Frankfurt or Paris’, he said.
Add comment July 16th, 2008
