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RYANAIR BOSS MICHAEL O’Leary said he’s planning to step down from his position as head of one of Europe’s top budget airlines by 2035.
In an interview with the Financial Times, the 64 year old said he will exit from his position within the next five to ten years and allow a “nicer” successor to take over.
The billionaire, who was raised in Westmeath after his parents moved from Kanturk in Co Cork, is famed for his aggressive approach to cutting costs and scrimping at his no-frills airline.
O’Leary became the airline’s CEO in 1994 after he joined the company as Chief Financial Officer in 1988.
He is among the most outspoken CEOs in the transport sector and frequently launches attacks upon the Irish Government and the Transport Minister and his Department, with the Green Party attracting a large amount of his ire during the party’s time in government.
A vocal critic of Dublin Airport’s passenger cap and its cap on nighttime flights, O’Leary has received criticism for his often foul-mouthed approach to public relations.
O’Leary told the Financial Times that his current contract ends in 2028, after which he will likely take on another contract to last between three to five years.
“Taking me out at some point in the next five to 10 years would give Ryanair the opportunity to be a little bit softer and a little bit nicer,” he told the newspaper.
“Ryanair would be better off if they didn’t have someone who was always shouting and swearing and actively lighting fires.”
The airline’s profits have jumped 20% in its last quarter as it raises the cost of its fares.
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