You are viewing the content for Tuesday 28 February 2006

Ryanair founder to take stake in Mexican airline

Ryanair

RYANAIR founder Tony Ryan is to take a 49% stake in a Mexican start-up airline.

Dr Ryan, his son Declan and another Irish investor, Maurice Mason of private equity firm Kite Investment, will join the board of AeroBus.

Dr Ryan, who stepped by from Ryanair some years ago, will be hoping to repeat the current success of the Irish carrier and his Asian venture Tiger Airways in the Mexican and US markets.

AeroBus, whose routes will not be announced until closer to launch date later this yea, expects to carry 1.5 million passengers in the first year of operation.

It is expected to begin operation in September this year with two Boeing 737-300’s, with the aircraft fleet increasing to 10 within two years.

AeroBus expects to employ up to 500 staff within the first year.

Former Ryanair operations manager Conor McCarthy will provide planning and implementation for the airline’s start-up phase.

Dr Ryan and his family remain among the largest shareholders in Ryanair, but have severed most of their ties with the airline.

The family have been reducing their stake in the airline since it was floated on the stock market in 1997, but have used their millions to invest in everything from drug companies to thoroughbred stallions.

 

Ryanair founder to take stake in Mexican airline

Ryanair

RYANAIR founder Tony Ryan is to take a 49% stake in a Mexican start-up airline.

Dr Ryan, his son Declan and another Irish investor, Maurice Mason of private equity firm Kite Investment, will join the board of AeroBus.

Dr Ryan, who stepped by from Ryanair some years ago, will be hoping to repeat the current success of the Irish carrier and his Asian venture Tiger Airways in the Mexican and US markets.

AeroBus, whose routes will not be announced until closer to launch date later this yea, expects to carry 1.5 million passengers in the first year of operation.

It is expected to begin operation in September this year with two Boeing 737-300’s, with the aircraft fleet increasing to 10 within two years.

AeroBus expects to employ up to 500 staff within the first year.

Former Ryanair operations manager Conor McCarthy will provide planning and implementation for the airline’s start-up phase.

Dr Ryan and his family remain among the largest shareholders in Ryanair, but have severed most of their ties with the airline.

The family have been reducing their stake in the airline since it was floated on the stock market in 1997, but have used their millions to invest in everything from drug companies to thoroughbred stallions.

 

Ryanair founder to take stake in Mexican airline

Ryanair

RYANAIR founder Tony Ryan is to take a 49% stake in a Mexican start-up airline.

Dr Ryan, his son Declan and another Irish investor, Maurice Mason of private equity firm Kite Investment, will join the board of AeroBus.

Dr Ryan, who stepped by from Ryanair some years ago, will be hoping to repeat the current success of the Irish carrier and his Asian venture Tiger Airways in the Mexican and US markets.

AeroBus, whose routes will not be announced until closer to launch date later this yea, expects to carry 1.5 million passengers in the first year of operation.

It is expected to begin operation in September this year with two Boeing 737-300’s, with the aircraft fleet increasing to 10 within two years.

AeroBus expects to employ up to 500 staff within the first year.

Former Ryanair operations manager Conor McCarthy will provide planning and implementation for the airline’s start-up phase.

Dr Ryan and his family remain among the largest shareholders in Ryanair, but have severed most of their ties with the airline.

The family have been reducing their stake in the airline since it was floated on the stock market in 1997, but have used their millions to invest in everything from drug companies to thoroughbred stallions.

 

Ryanair founder to take stake in Mexican airline

Ryanair

RYANAIR founder Tony Ryan is to take a 49% stake in a Mexican start-up airline.

Dr Ryan, his son Declan and another Irish investor, Maurice Mason of private equity firm Kite Investment, will join the board of AeroBus.

Dr Ryan, who stepped by from Ryanair some years ago, will be hoping to repeat the current success of the Irish carrier and his Asian venture Tiger Airways in the Mexican and US markets.

AeroBus, whose routes will not be announced until closer to launch date later this yea, expects to carry 1.5 million passengers in the first year of operation.

It is expected to begin operation in September this year with two Boeing 737-300’s, with the aircraft fleet increasing to 10 within two years.

AeroBus expects to employ up to 500 staff within the first year.

Former Ryanair operations manager Conor McCarthy will provide planning and implementation for the airline’s start-up phase.

Dr Ryan and his family remain among the largest shareholders in Ryanair, but have severed most of their ties with the airline.

The family have been reducing their stake in the airline since it was floated on the stock market in 1997, but have used their millions to invest in everything from drug companies to thoroughbred stallions.

 

Ryanair founder to take stake in Mexican airline

Ryanair

RYANAIR founder Tony Ryan is to take a 49% stake in a Mexican start-up airline.

Dr Ryan, his son Declan and another Irish investor, Maurice Mason of private equity firm Kite Investment, will join the board of AeroBus.

Dr Ryan, who stepped by from Ryanair some years ago, will be hoping to repeat the current success of the Irish carrier and his Asian venture Tiger Airways in the Mexican and US markets.

AeroBus, whose routes will not be announced until closer to launch date later this yea, expects to carry 1.5 million passengers in the first year of operation.

It is expected to begin operation in September this year with two Boeing 737-300’s, with the aircraft fleet increasing to 10 within two years.

AeroBus expects to employ up to 500 staff within the first year.

Former Ryanair operations manager Conor McCarthy will provide planning and implementation for the airline’s start-up phase.

Dr Ryan and his family remain among the largest shareholders in Ryanair, but have severed most of their ties with the airline.

The family have been reducing their stake in the airline since it was floated on the stock market in 1997, but have used their millions to invest in everything from drug companies to thoroughbred stallions.