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Ryanair Aims to Diversify ... by Buying an Airport

Posted August 14, 2008 by BookingBuddy

Airportbusyterminaldef What else is there to do when you’re already the biggest fish in a small, crowded pond? Why, take it over and name it after yourself—thus ensuring lead-fish status for a long, long time—of course!

Low-cost carrier Ryanair, already the biggest tenant in little ol' Stansted Airport (only one terminal!), is rumoured to be interested in purchasing the airport. Stansted is currently owned by BAA, which owns the other airports in the Southeast.

Reactions to the rumour have been mixed, with many viewing it as a joke. However, with Ryanair already generating most of their revenue from various affiliated businesses such as car rental, holiday insurance, hotel bookings and even online gambling, who’s to say that Michael O’Leary, the airline's chief exec, isn’t being well and truly serious?

Airports are, after all, a business, and it seems highly plausible that an aggressive company like Ryanair could be considering getting their fingers into the airport pie. (Mmm, airport pie.) Airports are expensive things to maintain though, so let’s just hope that Ryanair keep passing their low-cost prices on to us should the deal go through.

(Photo: PhotoDisc)

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