August 26, 2014 | According to reports, the low-cost European airline Ryanair hopes to open a new flight hub in Israel, opening an “Israeli version” of the airline. The reports come following statements made by Ryanair CEO Michael O’ Leary to the Irish Independent newspaper. However, in the interview with the publication, O’ Leary expressed disappointment in Israeli authority’s regulation, blaming them for the delay in Ryanair’s entry into the Israeli market. In the same interview, O’ Leary expanded on his vision of turning Israel into a low-cost flight hub stating that it hopes to fly to destinations like Russia, central Europe, Britain, Germany and other locations from Israel. Ryanair was founded in 1985.