Wednesday 21 November 2018

O'Leary spent €70,000 on 'taxi' in a year

Laura Noonan

MICHAEL O'Leary paid €70,890 for 12 months of trips in his "taxi", new accounts have revealed.

Figures just filed for the Ryanair bosses' taxi and stud company show the firm sold €70,890 worth of "services" to Mr O'Leary for the year ended last August, along with goods worth €110,294.

The services are understood to refer to the taxi venture, where Mr O'Leary pays metered rates for trips to and from his native Mullingar in his chauffeured Mercedes "taxi".

Mr O'Leary's purchase of a taxi plate sparked outrage in 2003. However, the enterprise is perfectly legal as long as Mr O'Leary's journeys are metered and the vehicle has a driver present.

The goods figure refers to stud transactions between the holding company, Tillingdale, and Mr O'Leary's other equestrian interests.

Asked about the figures at a Ryanair press conference yesterday, a smiling Mr O'Leary said he had "no comment to make".

Mr O'Leary and his wife Anita are listed as the sole directors of Tillingdale, which is wholly owned by the couple.

The company had accumulated profits of €140,700 at the end of its last financial year, down from €358,600.

Tillingdale's profits are largely notional due to the level of business it does with Mr O'Leary.

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