Jaunted

O'Leary says with carriers evaporating thanks to the global financial crisis, there should be plenty of planes on the market soon. Now all he's doing is waiting for a couple more carriers to go bankrupt:

We won't do this until we are at the bottom of the business cycle. The only time to set up an airline is when they are parking planes in the desert. We are not very far from that at the moment.

We would plan to do long-haul 18 months after we secure a fleet of aircraft.

The new airline could fly from as many as nine European cities, O'Leary claims, with base fares as low as 18 bucks. (We suspect those ultra-cheap tickets will be quite rare.) There will indeed be a fancier cabin up front--but in his chat with The Telegraph O'Leary didn't mention the one amenity we're all wondering about.

Related Stories:
· Ryanair "To Sell Transatlantic Seats for £10" [Telegraph]
· In-flight Cell Phones Coming to Ryanair [Jaunted]