LYCOS RETRIEVER 
Ryanair: Ryanair Ceo Michael O'leary
built 274 days ago
On 5 October 2006 Ryanair launched a €1.48bn (£1bn; $1.9bn) bid to buy fellow Irish carrier Aer Lingus. Ryanair CEO Michael O'Leary said the move was a “unique opportunity” to form an Irish airline. The "new" airline would carry over 50 million passengers a year.
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Shannon airport has seen its traffic figures soar in the past year since Ryanair established a new base there. Ryanair CEO Michael O'Leary has said he expects the new routes to bring an additional 200,000 passengers to the airport.
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Ryanair this week confirmed that it reached an agreement with Brussels South Charleroi Airport and the Walloon Authorities that will allow the carrier to continue operations and keep its base at the airport. "This agreement was timely as we have negotiated a number of other airport base arrangements in recent months at costs which are lower than that at Brussels Charleroi, and there was a real likelihood that in the absence of an early agreement with Brussels Charleroi we would have closed the base and moved the aircraft and the low-fare routes elsewhere," Ryanair CEO Michael O'Leary said. Under the agreement, Ryanair said the existing airport and handling charges will continue for the "foreseeable future until the airport reaches 2 million passengers per year, at which time third-party competitive handling will be introduced." In addition, legislation was enacted by the Walloon Authorities to make the Ryanair discounted arrangements available to other airlines operating at the airport. Ryanair ... agreed to "actively explore" possibilities for basing more aircraft at and opening more routes from Charleroi subject to a new terminal being constructed and the airport providing a "competitive cost offer for these new routes that would be similar to the other lower cost offers presently available from a number of other privately and publicly owned airports."
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Ryanair Ceo Michael O'leary