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Ryanair boss says Virgin Atlantic owner trying to ‘fleece’ taxpayers

“Frankly if he's worried about Virgin he should write the cheque himself. It's not like he's short of money,” Michael O'Leary told Sky News

Ryanair Holdings plc - Ryanair boss accuses Virgin Atlantic owner to ‘fleece’ taxpayers

Ryanair Holdings plc (LON:RYA) boss Michael O’Leary has said that Sir Richard Branson is trying to ‘fleece’ UK taxpayers as Virgin Atlantic tries to get emergency cash from the government.

Branson is the founder of the airline and still holds a 51% stake, with the remainder owned by US rival Delta, which on Thursday said it would not inject cash to save Virgin.

READ: Branson left red-faced as Virgin airline empire faces total collapse

Earlier this week, Branson told staff he had offered his private island home Necker as security against a government loan to save the airline, as the travel sector has been wiped out by the coronavirus pandemic.

“Now you have Virgin Atlantic owned by Delta and a Caribbean island-based, non-resident billionaire,” O’Leary told Sky News. “Frankly if he's worried about Virgin he should write the cheque himself. It's not like he's short of money.”

Branson has been widely criticised for seeking governmental help considering his US$5.9bn estimated paper fortune.

In an interview with the Financial Times on Thursday, O’Leary dismissed a call for airlines to leave middle seats idle as “idiotic” and said governments would have to pay the fares, or it won’t fly.

Quick facts: Ryanair Holdings plc

Price: 10.5 EUR

Market: LSE
Market Cap: €11.45 billion

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