Ryanair could invest E8b in Italy in return for tax cut - CEO to paper

Ryanair could invest an extra E8b in Italy if the country scraps a local tax on air tickets, CEO Michael O'Leary said in an interview published on Wednesday. Speaking to La Repubblica newspaper, O'Leary said he wants to meet Italian Prime Minister Giorgia Meloni and ask her to "create the conditions" that would allow Ryanair to make that investment. When asked what the conditions would be, he said the government should scrap the additional tax on air fares, charged by municipalities, and which is partially used to pay pension costs for air sector workers. O'Leary also said Ryanair would open two new bases in Italy, in Trieste and Reggio Calabria, and would increase flights to and from Rome's two airports, Milan Malpensa and Bergamo's Orio al Serio.<br/>