O’Leary dismisses Musk takeover talk, citing EU ownership rules as feud escalates

Ryanair CEO Michael O’Leary has publicly reminded Elon Musk that European regulations prohibit non-Europeans from taking control of an EU-based airline, responding to the billionaire’s social media poll suggesting a possible takeover of Ryanair. Under EU rules, airlines must be majority-owned and controlled by EU nationals, which would prevent Musk—who holds South African, Canadian, and […]