Ryanair CEO Michael O’Leary sees at least one more airline—ideally an Airbus operator—joining his new holding company within five years, with further large aircraft orders also likely before then. Last month, Ryanair announced plans to transition to a group structure, similar to that of International Airlines Group (IAG). The holding company will start with four airlines—Ryanair DAC, Laudamotion, Ryanair Sun and Ryanair UK—each with their own CEOs and ...

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