Ryanair’s Michael O’Leary To Become Group CEO | Aviation International News

Ryanair’s Michael O’Leary To Become Group CEO

Europe’s largest low-cost carrier overhauls its corporate structure in an effort to deliver cost and operating efficiencies across its subsidiaries.

Ryanair's new group structure will encompass four subsidiaries in an arrangement "not dissimilar" to that employed by IAG. (Photo: Ryanair)

By Cathy Buyck • Contributor - Europe

February 4, 2019

Michael O’Leary has agreed to stay a further five years at Ryanair, until “at least” July 2024, though he will relinquish the day-to-day management of the low-cost airline to a new chief executive and become the head of a new group structure. The company’s new structure will look “not dissimilar” to that of International Airlines Group (IAG)—which consists of British Airways, Iberia and Vueling in Spain, Aer Lingus and Level. Under the arrangement, O’Leary and a small legal and finance team will oversee Ryanair’s four airline subsidiaries: Ryanair DAC in Ireland, Vienna-based Laudamotion, Ryanair Sun in Poland, and Ryanair UK. The group will appoint a new CEO for Ryanair DAC “later this year.”

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