Michael O'Leary, CEO of Ryanair, said that he hopes to see the airline flying transatlantic route within the next 5-10 years, during his time of chief executive.
However, he pointed out that there is no availability of long-haul aircraft for another 4-5 years.
O'Leary said that that the airline has "a business plan ready to roll for a transatlantic low-fares airline" but that "unless we can secure a fleet of low-cost aircraft, frankly, the business doesn't get off the ground."
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He added that "the future is very hard to foretell, it certainly is unlikely to happen within the next five years, but I'd be disappointed if it doesn't happen with the period, maybe, five to 10 years."
O'Leary previously claimed that the airline could offer flights to the US for as little as €10 but that additional charges would be incurred for any extras.
Ryanair has benefitted from an image overhaul recently and has also placed a substantial order with Boeing for new aircraft. It has also increased its services and routes and continues to see an increase in passenger numbers.