Ryanair Chief O'Leary to Start Trans-Atlantic Airline

Ryanair Holdings Plc Chief Executive Officer Michael O'Leary plans to start a discount trans-Atlantic airline, offering fares as low as $12, following the ``open skies'' accord between the U.S. and European Union.

The new airline would fly from Ryanair's existing bases including London Stansted, Dublin and Frankfurt-Hahn, O'Leary said today in a briefing to reporters. The carrier would go to secondary U.S. airports at destinations including New York, San Francisco, San Diego, Boston, Dallas and Florida.

The agreement to open up the market for trans-Atlantic flights will make the new airline possible, O'Leary said. The new carrier would compete against network airlines including British Airways Plc and Virgin Atlantic Airways on lucrative trans-Atlantic routes.

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Source: bloomberg.com