€20m windfall for Ryanair boss in dividend pay-out

WITH one hand he’ll take it, with the other he’ll give it away.

Ryanair’s Michael O’Leary is set for a €20 million windfall from the airline but he’ll have to hand back €12m to the taxman.

Ryanair is handing out €500m to shareholders as part of a one-off dividend pay-out in October. It said it has “no other use” for the money because it is not investing in aircraft.