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O'Leary in hot water over ad portraying Easyjet owner as Pinocchio

Looks like Michael O'Leary has dropped a clanger. Ryanair ran a series of adverts portraying Stelios Haji-Ioannou as Pinocchio, suggesting that he and his airline, Easyjet, misled people over punctuality statistics.

Now Stelios's lawyer, Schillings, is threatening legal action. O'Leary has challenged Stelios to a race around Trafalgar Square in an attempt to bury the hatchet with humour.

Details of the challenge have been posted on the Ryanair website along with the offending advert.

O'Leary, calling himself 'Michael "Usain Bolt" O'Leary' said: "I am currently in rigorous training and believe that my daily regime of 40 cigarettes, 24 beers and extended sessions on the couch watching TV, leaves me in perfect shape to beat Stelios in a 21st Century version of the “Chariots of Fire” race around Trafalgar Square."

In the post, O'Leary has vowed to stop referring to Easyjet as a "high fares airline" should Stelios accept the challenge and win.

O'Leary has demanded that should Stelios lose the race Easyjet must resume publishing its weekly punctuality statistics.

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