Agree, the rewards given to SH are totally disproportionate with what has actually been achieved. He should be taking pay cuts, not being given more and more. Comparing SH to O'Leary is rather amusing, O'Leary knows what he is doing, whilst SH is pretty much clueless (although he does a smashing job at convincing others he knows what he's talks about)
On the Ryanair thing.....I recall that O'Leary was a tax accountant at KPMG who worked for Tony Ryan. Guinness Peat Aviation was a big Dublin based aviation leasing business that was about to float in the early 1990's to raise cash for survival, but the float was pulled and Tony Ryan picked up a bunch of 737's from Guiness Peat which then formed the core of a new Ryanair. Up until then Ryanair operated a mix of aircraft, including ATR turbo props, and I think some odd jets like BAC 1-11.… Read More
Not argueing Ryanair was profitable from 1991 but when O'learly joined in 1988 it was losing £5 million a year and had been for several years. My point was that from losing £5 million a year (ryanair) O'learly is close to a billionaire now and good luck to him. Has to be one of the best business brains on the planet. I see no reason Flybe cannot emulate that , not in weeks or months obviously as some on here expect. The macro economic climate is not on the side of airlines but I… Read More
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