Hmmmmm. Where did you get this ?
A very unusual move completely at odds with his business model. The share value will plummet. And Mary O'Rourke is very unlikely to be happy.
As for ex EI staff - most of them would rather never work again than go to FR(except for the yellow pack labour which is a possibility)
The only way it would work is as a completely different airline.
And nobody has succeeded with a low cost transatlantic airline (yet ) ....but if anyone can do it O'Leary can
Continental is dumping two for one tickets from SNN to NYC at £350 (Uk £175 rtn each)at the moment - O'Leary would have to do £50 return
He would have to use something like a 747-400 (but these are getting cheaper day by day)
Fascinating....any more info ?