Ryanair CEO may help set up long-haul carrier: media

Oct 8, 2008

Ryanair's Michael O'Leary has indicated that he may help create a sister company to launch a long-haul, low-cost airline, if cheap aircraft became available next year.

Published: 08 Oct 2008

Ryanair's Michael O'Leary has indicated that he may help create a sister company to launch a long-haul, low-cost airline, if cheap aircraft became available next year.

According to Reuters, O'Leary said that the low-cost carrier would not invest in the new airline but Ryanair shareholders including himself may be invited to participate.

"There may be the opportunity to buy a fleet of long-haul aircraft cheaply next year," he said, adding that a collapse of a carrier may create the opportunity for such an order, which would then take a further 18 months to deliver.