Low-cost Irish carrier Ryanair is preparing for a public flotation, with listings on Irish and US markets later in May. Founder Tony Ryan and his family cut their stake in the airline in 1996 to just under 62% as part of a major ownership restructuring, with 20% going to US financier David Bonderman and 18%to chief executive Michael O'Leary. The Ryan family holding will now fall to 35%, partly through the issue of 33 million new shares.
Source: Flight International