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AIR06

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Apr 20, 2012
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Ryanair is negotiating with leasing companies affected by Thomas Cook's demise to take over several Airbus jets for use by its Austrian subsidiary Lauda.
Speaking at a briefing hosted by Thomson Reuters in London today, Ryanair chief executive Michael O'Leary said the plan was to boost Lauda's fleet for the summer 2020 schedule.
The number of aircraft would depend on asset pricing and company's capacity to recruit and train pilots ahead of the summer season, he says.
Beyond Thomas Cook's fleet, O'Leary sees opportunity to increase the Ryanair group's A320 fleet with second-hand aircraft.
He says "lots of leasing companies are taking back 8-10-year-old Ceos" as airlines introduce A320neos.
 
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