Ryanair CEO O'Leary Embraces Musk's Investment Despite Adversarial Comments - PRESS AI WORLD
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Ryanair CEO O'Leary Embraces Musk's Investment Despite Adversarial Comments

share-iconPublished: Wednesday, January 21 share-iconUpdated: Thursday, January 22 comment-icon1 month ago
Ryanair CEO O'Leary Embraces Musk's Investment Despite Adversarial Comments

Credited from: AFRICANEWS

  • Ryanair's CEO Michael O'Leary welcomes Elon Musk's interest in investing in the airline.
  • The ongoing feud includes Musk's comments and O'Leary's dismissals regarding Starlink technology.
  • O'Leary emphasizes the high costs associated with implementing Starlink on Ryanair aircraft.

Ryanair’s CEO Michael O'Leary has publicly expressed that the airline is “very welcome” to the prospect of Elon Musk investing in the company. During a recent press conference, O’Leary suggested Musk’s investment in Europe’s low-cost carrier would be beneficial, stating, "I think it'll be a very good investment for him" according to aa.

The humorous yet contentious exchange escalated when O'Leary dismissed Musk’s ideas about purchasing the airline. He characterized Musk's insults as trivial and referred to him as “an idiot,” while indicating that non-European citizens are not permitted to hold a majority stake in European airlines, confusingly referencing Musk’s background as a South African living in the U.S., according to latimes and africanews.

O'Leary has firmly rejected the idea of implementing Musk's Starlink technology due to the excessive financial costs associated with it, estimating around $250 million annually for installation and operational expenses. He has indicated this would lead to additional fuel costs, stating, “the extra fuel drag would be too costly,” thus making the offering unattractive to the company, according to latimes and africanews.

Despite the ongoing back-and-forth, O'Leary has used the publicity to Ryanair's advantage, stating he appreciates the "additional publicity." The airline has launched a seat sale campaign featuring playful imagery of Musk as part of its marketing strategy, effectively turning the feud into a promotional opportunity, according to latimes and africanews.

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