Michael O'Leary

At the controls of Ryanair, Michael O'Leary has transformed the Irish no-frills carrier into Europe's most profitable airline. But he's not cooling his jets. Earlier this month, Ryanair launched an audacious y1.48 billion takeover bid for Ireland's flagship airline, Aer Lingus. With the[an error occurred while processing this directive] offer still pending, the famously outspoken O'Leary, 45, talked via e-mail to TIME's Adam Smith.

You've picked up just over 19% of Aer Lingus, but both the Irish government and Aer Lingus' board have rebuffed your overtures. And last week, opponents of a tie-up bought shares in Aer Lingus to block the deal....

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