Ryanair has launched a private jet business

Ryanair

Low-cost airline Ryanair has jumped into the private jet business.

The Irish carrier announced Wednesday it’s launching a private jet service to cater to large groups, including corporate customers, sports teams, and official government trips.

The airline is best known for offering cut-throat pricing and a no-frills approach.

The company says it will continue offering low prices even with its private jet business.

“We will offer the best rates… the most competitive rates in Europe,” Ryanair’s head of communications Robin Kiely told CNNMoney.

The carrier said it only has one Boeing 737-700 that will be used for this service at the time of launch.

The new private jet features 60 reclinable leather seats and is designed for flights no longer than six hours. Fine dining catering is also available on all flights.

The company’s 330 Boeing 737-800 jets fit 189 seats and they do not recline.

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Written by John Howard

John Howard

John Howard is the Business Editor at BusinessPundit.com. He is an avid watcher of markets, a wallflower of retail, and a fan of disruptive businesses that utilize technology and unique ideas to form brilliant new ways of doing business. He can be reached at Student Loan Ninja