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Formed on 28/11/84 by Tony Ryan (whose share was progressively reduced to 0.5% by late 2004), Christopher Ryan and Liam Lonergan (founder of Club Air) with a share capital of £1. Started operations on 8/7/85 with EMB-110 equipment from Waterford, Ireland. Purchased 85% of London European Airways (qv) in 1986. Changed its business model in 1990 to LCC when Tony Ryan hired O'Leary, his tax consultant. 20% stake taken in 1996 by David Bonderman, member of Continental AL board. 25% stake being negociated in 1996 by British AW, cancelled. Suspended operations on 30/3/20 due to COVID-19. Resumed limited services in 5/20, full services on 1/7/20.
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