Will Musk buy Ryanair worth ₹2.70 lakh crore: Opinion sought from people in poll; Called CEO O’Leary a ‘great fool’, demand for his removal from the post

The world’s richest man Elon Musk has asked his followers if they should buy Europe’s largest budget airline ‘Ryanair’. Musk has sought opinion on this amid the controversy that started last week with the company’s CEO Michael O’Leary.

The reason for this controversy is Musk’s company Starlink. Ryanair CEO Michael O’Leary said that he would not install Starlink internet on his airline’s fleet. The reason given is that the antenna installed on the roof of the cabin will increase weight and drag, which can increase fuel consumption by up to 2%.

O’Leary called Musk an idiot

O’Leary said- Passengers will not pay extra for an average 1 hour flight. He also said that he will not pay any attention to Musk. He is an idiot. In response to this, Musk called him the biggest idiot. Also said that he should be fired from the company. Musk asked what would be the price of buying this airline?

O’Leary is one of Ryanair’s top 10 shareholders. Under his leadership, the company’s shares rose by 55% last year.

Ryanair: Europe’s largest budget airline

Ryanair is Europe’s largest low-cost airline and three times larger than Dutch Lufthansa. The market value is around 30 billion euros (about ₹2.70 lakh crore). CEO Michael O’Leary is among the top 10 shareholders. Last year the company’s shares had risen 55%.

Musk’s old pattern: first criticism, then acquisition

This pattern of Musk is similar to the time he bought Twitter (now X). Even then he had criticized the functioning of the company and the decisions of the then CEO Parag Aggarwal and later bought it. Now in the case of Ryanair also they seem to be moving in the same direction.

Starlink is already present in many airlines

Starlink is providing internet in many airlines. This includes companies like United Airlines, Qatar Airways, Alaska Airlines West Jet.

This is satellite based high-speed internet. Cost control is a big issue at a low-cost carrier like Ryanair, so O’Leary declined.

Musk’s net worth is more than Rs 70 lakh crore

Elon Musk is the richest man in the world. His net worth is more than Rs 70 lakh crore. He owns Tesla (electric car), SpaceX (rocket), xAI (artificial intelligence), Neuralink (brain implant), The Boring Company (tunneling), and X (social media platform, formerly Twitter).

There is more news…