Tony Ryan created new paradigms in aviation through the aircraft operating lease and the creation of Ryanair as not just a low-cost operator, but the lowest-cost operator in the world. Forty years ago, when Guinness Peat Aviation (GPA) was founded, the aviation world consisted of national airlines owned and controlled by governments operating as a cartel where everything from price to route allocation was regulated.
Airlines purchased their planes from a small number of manufacturers...
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