Ryanair chief executive Michael O鈥橪eary has reminded billionaire Elon Musk that European Union rules prohibit non-Europeans from controlling the Irish airline, in the latest instalment of their public spat.
South African-born Musk, who has US and Canadian citizenship, has run a poll on his social media platform X about buying Ryanair.
鈥淣on-European citizens cannot own a majority of European airlines,鈥 O鈥橪eary said during a Dublin press conference before the company鈥檚 earnings update next week.
鈥淏ut if he wants to invest in Ryanair, we would think it鈥檚 a very good investment, certainly a significantly better investment than the financial returns he鈥檚 earning on X,鈥 O鈥橪eary told reporters.
鈥淲e want to thank him sincerely for the additional publicity,鈥 added the CEO, who, like Musk, is well-known for his provocative public comments.
Musk founded Tesla and heads Starlink, the satellite internet system developed by his aerospace company SpaceX.
He has been suggesting for days that he might buy publicly listed Ryanair, Europe鈥檚 largest airline by passenger numbers.
It comes after Irishman O鈥橪eary ruled out using Starlink to equip his fleet with Wi-Fi, estimating that the drag created by aerial antennae on Ryanair鈥檚 planes would cost up to $250 million a year in extra fuel.
Ryanair鈥檚 passengers would also not want to pay for the internet service, he insisted.
Musk has called for O鈥橪eary鈥檚 firing, describing him as 鈥渁 real idiot鈥.
USA Today reported that Ryanair then launched a 鈥淕reat idiot seat sale especially for Elon Musk and any other idiots on X鈥, offering 100,000 seats for 鈧16.99 ($33.96) for one-way fares.
O鈥橪eary has described social media, and X especially, as a 鈥渃esspit鈥.
Ryanair has a market capitalisation of about $63 billion.
EU regulations stipulate that airlines based in the bloc must be majority-owned by EU citizens, or those of certain European countries outside the EU.
Musk bought X, then known as Twitter, for $66b in 2022.
- Agence France-Presse. Additional reporting: 九一星空无限.
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