Matt Cooper: O’Leary bets to the Max with extra Boeing orders

The Ryanair boss is taking a triple gamble in the belief that air passenger numbers will surge in 2021

Michael O’Leary: ‘I don’t care what they call the aircraft, as long as people are buying our low fares.’ Picture: Getty

Michael O’Leary is making three significant bets in Ryanair’s purchase of 210 Boeing 737-Max aircraft.

The first: that passengers will agree that these new aircraft are safe and won’t fall from the skies.

The second: that Covid-19 vaccines are going to work and that passengers are going to return to Ryanair flights in even bigger numbers in jig-time.

The third: that he isn’t spending too much money on buying too many planes.

Bet 1: that ...