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Stock impact report

Ryanair/SpaceX: could Musk really buy the airline? [Yahoo! Finance]

Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY) 
US:NASDAQ Investor Relations: investor.ryanair.com
Company Research Source: Yahoo! Finance
When Ryanair boss Michael O'Leary ruled out installing SpaceX's Starlink internet in the company's planes – claiming the cost of installing the aerial antennas was unaffordable – he triggered a “bizarre feud”, said Peter Campbell in the FT . It culminated in a suggestion from Elon Musk that he might buy the Irish carrier, if only to fire its “utter idiot” chief executive. The spat between two of the most provocative business leaders quickly went viral. While O'Leary dismissed X/Twitter as a “cesspit” and claimed Musk knew “zero” about planes, Musk retorted with a poll titled “Buy Ryanair and restore Ryan as their rightful ruler” (its founder Tony Ryan died in 2007). The Ryanair chief argues the antennas would result in a “2% fuel drag”, said Julia Kollewe in The Guardian – adding $200-$250 million per year to the company's $5 billion annual fuel bill, which he couldn't recoup. While a buyout may look like “idle talk”, Musk “has followed through on such threats before” – as Twitte Show less Read more
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