|
Elon Musk has floated the idea of buying Ryanair Holdings PLC as the tech billionaire’s spat with the boss of the budget airline escalates. The Tesla Inc founder created a poll on the social media platform X, which he owns, asking his followers if he should buy Ryanair and ‘restore Ryan as their rightful ruler’. It comes days after he previously made the suggestion amid a feud with the Irish airline over the use of WiFi on flights. Ryanair’s chief executive Michael O’Leary said in an interview with Irish radio station Newstalk that he would ‘pay no attention whatsoever’ to Musk, labelling him an ‘idiot’ after being asked about Starlink being introduced on planes. Starlink is a satellite internet system developed by Musk’s aerospace company SpaceX. O’Leary said it would be too costly as the aerial antenna would drag on the aircraft and ‘passengers wouldn’t pay for internet usage’. Musk has since fired back at posts on Ryanair’s X account which mocked the tech mogul over the row. While his own posts are widely taken to be provocative rather than serious bids, Musk’s takeover of X, formerly Twitter, began with a surprise offer to buy it after he built up a stake. Ryanair is listed on the Euronext index in Dublin and its shares have a market capitalisation of around €30.4 billion. The low-cost airline is expecting to fly 207 million passengers over the current financial year. Ryanair has been approached for comment. Its shares were up 0.1% at €28.87 in Dublin on Tuesday afternoon. By Anna Wise, Press Association Business Reporter source: PA Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
