Ryanair plans to take advantage of the relaxing of rules through the “open air†policy between America and the EU. The company wishes to start a discount airline that will fly from the existing Ryanair bases in London, Dublin, and Frankfurt. Ryanair CEO Michael O’Leary feels that the new airline will be functional in three to four years. Oh yes, the starting fare will be around $12. It remains to be seen how Ryanair performs in this already super competitive market, though till date it has had an excellent business record.