Ryanair extends the contract of its long-serving chief executive, Michael O’Leary, through April 2032, according to multiple reports. The deal is described as a six-year extension and is widely framed as a retention arrangement, often referred to as “golden handcuffs,” because it links equity-based remuneration to continued service. Several outlets say the package includes share awards or share-option grants subject to O’Leary remaining with the company until the contract end date. Financial terms reported by different publications vary by currency and conversions, but they broadly point to a potential payout in excess of €150 million (or roughly £130 million). Coverage also notes the contract keeps O’Leary in the role into his early 70s, which affects speculation about succession planning. One outlet characterizes the new terms as dampening near-term succession expectations among Ryanair’s workforce, while others focus on the size and structure of the bonus scheme. Ryanair’s statement on the contract and its targets are not detailed in the excerpts provided, but all sources agree the extension runs to April 2032 and includes performance- or tenure-linked equity incentives.