Ryanair Recognizes Unions To Stop Strikes

DUBLIN (Reuters) - Ryanair has offered to recognize pilot unions for the first time in its 32-year history in a last-minute bid to stop its first-ever pilot strike from taking place later on Friday. Chief Executive Michael O‘Leary’s refusal to recognize unions was at the heart of the ultra low-cost model he developed to turn a small Irish regional airline into Europe’s largest carrier by passenger numbers.