Dopo una lunga malettia oggi e`morto all `eta di 71 anni, Tony Ryan, fondatore di Ryanair
Un pansiero
Wednesday, 3 October 2007 17:13
The death has taken place of Dr Tony Ryan, the founder of Ryanair.
He was 71 and had been ill for some time.
Mr Ryan was born in Thurles, Co Tipperary in February 1936 and was the son of a train driver.
He got a job with Aer Lingus in Shannon after attending a Christian Brothers school. Quickly rising through the ranks, he led a division which leased its unused aircraft other to other carriers.
He also convinced Aer Lingus to expand, and after London bank Guinness Peat invested the GPA was set up in Shannon.
Tony Ryan was a tough task master with big ambitions and became one of Ireland's most wealthy entrepreneurs.
Among his investments was a stake in The Sunday Tribune.
In 1985 he set up Ryanair with a colleague Christy Ryan, which began flying from Waterford to Gatwick. But by 1988 it was losing cash and teetering on the edge of bankruptcy.
Two things then happened. It clinched a deal to fly from Dublin to Stansted and then made Michael O'Leary chief executive.
By the early 1990s GPA was worth €4bn.
Tony Ryan assembled big name directors UK politician Nigel Lawson, Garrett Fitzgerald, Peter Southerland and British businessman John Harvey Jones.
The plan was a showstopper stock market flotation to raise €10bn. But investors got nervy at the last moment the float was abandoned and GPA, which owned the banks huge sums, went into free fall.
Things got worse when General Electric bought in leaving Tony Ryan with little control.
However, there was one shining success. Ryanair was expanding fast making Tony Ryan huge sums. And the formula of cheeky, cheap and efficient left Tony Ryan an enduring legacy.
Un pansiero
Wednesday, 3 October 2007 17:13
The death has taken place of Dr Tony Ryan, the founder of Ryanair.
He was 71 and had been ill for some time.
Mr Ryan was born in Thurles, Co Tipperary in February 1936 and was the son of a train driver.
He got a job with Aer Lingus in Shannon after attending a Christian Brothers school. Quickly rising through the ranks, he led a division which leased its unused aircraft other to other carriers.
He also convinced Aer Lingus to expand, and after London bank Guinness Peat invested the GPA was set up in Shannon.
Tony Ryan was a tough task master with big ambitions and became one of Ireland's most wealthy entrepreneurs.
Among his investments was a stake in The Sunday Tribune.
In 1985 he set up Ryanair with a colleague Christy Ryan, which began flying from Waterford to Gatwick. But by 1988 it was losing cash and teetering on the edge of bankruptcy.
Two things then happened. It clinched a deal to fly from Dublin to Stansted and then made Michael O'Leary chief executive.
By the early 1990s GPA was worth €4bn.
Tony Ryan assembled big name directors UK politician Nigel Lawson, Garrett Fitzgerald, Peter Southerland and British businessman John Harvey Jones.
The plan was a showstopper stock market flotation to raise €10bn. But investors got nervy at the last moment the float was abandoned and GPA, which owned the banks huge sums, went into free fall.
Things got worse when General Electric bought in leaving Tony Ryan with little control.
However, there was one shining success. Ryanair was expanding fast making Tony Ryan huge sums. And the formula of cheeky, cheap and efficient left Tony Ryan an enduring legacy.
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