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michael o'leary

European Commission approves €3.4 billion KLM bailout

5 mins read

The FINANCIAL — The European Commission has approved, under EU State aid rules, a €3.4 billion Dutch aid measure consisting of a State guarantee on loans and a subordinated State loan to KLM. As a result of the imposition of travel restrictions introduced by the Netherlands and by many destination countries to limit the spread of the coronavirus, KLM has suffered a significant reduction of its services, which resulted in high operating losses. When the deal was first announced, Ryanair boss Michael O’Leary has called on the European Union to block a rescue package for KLM just a day after he slammed the EU for approving…

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European Commission approves €3.4 billion KLM bailout

5 mins read

The FINANCIAL — The European Commission has approved, under EU State aid rules, a €3.4 billion Dutch aid measure consisting of a State guarantee on loans and a subordinated State loan to KLM. As a result of the imposition of travel restrictions introduced by the Netherlands and by many destination countries to limit the spread of…

Ryanair apologises after the CEO says terrorists generally be males of a Muslim persuasion

5 mins read

The FINANCIAL — The CEO of one of the world’s largest airlines Michael O’Leary, 58 is facing criticism after saying that terrorists “will generally be males of a Muslim persuasion.” O’Leary is known for his provocative remarks that keep Ryanair’s name in the headlines. In an interview with The Times, the businessman said that if…