Fri 04 Apr 2007Ryanair's US service to cost up to €200mRyanair's new low-cost transatlantic airline could cost
€100- €200 million to set up, chief executive Michael
O'Leary said yesterday. However, he said that there was a huge
appetite among investors, particularly Ryanair investors, to fund
the venture which will be run separately from Ryanair.
Ciarán Brennanreports."Ryanair won't have any investment in this long-haul airline,"
he said. "There are a lot of investors who are very keen to see a
long-haul, low-fares airline operate transatlantic services. If
open skies goes ahead, based on aircraft orders in the middle of
2009, we could go out and raise €100 - €200 million. I
think that would largely come from Ryanair shareholders or
investors in London or New York, who had a good run on Ryanair.
Raising the money is easy."