Ryanair board abandons transatlantic dream

Ryanair chairman David Bonderman has told shareholders that the airline’s management has scrapped all plans to launch a trans-atlantic service, in favour of continuing its growth surge in Europe.

Asked by a shareholder at Ryanair’s AGM yesterday about the current status of its much-mooted Europe-North America strategy, Mr Bonderman, a renowned American businessman and philanthropist, said there is no strategy, adding “we have no intention in flying transatlantic”.

The same question touched on whether the airline’ strategy had changed now it has sold its near 30% shareholding in Aer Lingus to IAG.