Ryanair chief executive Michael O’Leary has said Elon Musk would be blocked from taking over the airline because EU rules prevent non-European citizens from owning a majority stake in European carriers. O’Leary made the remarks after Musk suggested buying Ryanair following a public spat between the two executives.
While ruling out a takeover, O’Leary said Musk would be welcome to invest in the company, adding that Ryanair would be «a very good investment.» The exchange follows criticism by O’Leary of Musk’s Starlink in-flight Wi-Fi system, which he said was too costly and could increase fuel consumption.
The dispute has sparked a series of insults from Musk online, though Ryanair’s share price has remained largely unaffected and analysts see little chance of a takeover.
Kursiv Uzbekistan also reports that the European Parliament has formally suspended the ratification of a U.S.–EU trade deal in response to President Donald Trump’s threat to impose 10% tariffs on EU exports unless the bloc agrees to his demand to take control of Greenland.
