Michael O’Leary, who built Ryanair Holdings Plc into Europe’s biggest discount airline over two decades, pledged to stay another five years and render its dominance complete as competitors exit short-haul flying.
Ducati Motor Holding SpA promoted General Manager Claudio Domenicali to the top spot of the Italian sports-motorcycle brand owned by Volkswagen AG after his predecessor was appointed to run airline Alitalia SpA.
Aer Lingus Group Plc, Ireland’s national carrier, said it’s working on plans to fly short-haul routes for major European airlines keen to exit unprofitable services while retaining feeder traffic to their hubs.
Alitalia SpA’s monopoly over flights linking Rome Fiumicino and Milan Linate airports ends today as discount operator EasyJet Plc commences services between Italy’s capital city and its biggest financial center.
Virgin Atlantic Airways Ltd.’s new chief executive officer has given himself two years to cut costs and restore Richard Branson’s best-known brand to profitability without damaging its reputation for doing things differently.