seamus dubhghaill

Promoting Irish Culture and History from Little Rock, Arkansas, USA


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Birth of Irish Billionaire Tony Ryan

tony-ryanThomas Anthony “Tony” Ryan, Irish billionaire, philanthropist and businessman, is born in Thurles, County Tipperary on February 2, 1936. He works for Aer Lingus, before going on to found their aircraft leasing arm, wet-leasing out their aircraft in the quieter winter months.

In 1975, with Aer Lingus and the Guinness Peat Group, Ryan founds Guinness Peat Aviation (later GPA Group), an aircraft leasing company, with a $50,000 investment. GPA grows to be the world’s biggest aircraft lessor, worth $4 billion at its peak. However its value dramatically collapses in 1992 after the cancellation of its planned IPO.

Ryan makes €55m from the sale of AerFi, the successor to GPA, in 2000. In 2001, he acquires Castleton Farm near Lexington, Kentucky from the Van Lennep Family Trust. He renames it Castleton Lyons and undertakes renovations to the property while returning to its original roots as a thoroughbred operation. He is a tax exile who lives in Monte Carlo, but also owns a stud farm near his home in Dolla, County Tipperary. He is the 7th wealthiest individual from Ireland in the Sunday Times Rich List 2007 with over €1.5bn(£1bn).

Ryan is best known in the public mind as the founder of the eponymous Ryanair with Christopher Ryan and Liam Lonergan. Ryanair is believed to be the main source of his wealth in later life. Ryanair is now one of the biggest airlines in Europe and is valued at over 15 billion Euros as of December 2019.

Ryan over the years helps nurture two successful business protégés, Denis O’Brien and Michael O’Leary, both of whom become billionaires.

Ryan holds honorary doctorates from several universities, including Trinity College, Dublin, the National University of Ireland, Galway and the University of Limerick.

Ryan is an active and innovative funder of university education in Ireland. He donates a marine science institute to NUI Galway in 1993 which is named the Martin Ryan Marine Science Institute in honour of his father. He shows interest in marine science and aquaculture development in the west of Ireland. He also funds The Ryan Academy for Entrepreneurship at the Citywest park, that is run by Dublin City University.

At the time of his death Ryan owns 16% of Tiger Airways, a discount carrier based in Singapore which is founded in December 2003.

Ryan dies on October 3, 2007 at Celbridge, County Kildare following an 18-month battle with pancreatic cancer. His eldest son, Cathal, dies just three months later, aged 48, after being diagnosed with cancer.


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Birth of Labour Party Leader Frank Cluskey

Frank Cluskey, Irish politician and leader of the Irish Labour Party from 1977 to 1981, is born in Dublin on April 8, 1930.

Cluskey is educated at St. Vincent’s C.B.S. in Glasnevin. He works as a butcher and then joins the Labour Party. He quickly becomes a branch secretary in the Workers’ Union of Ireland. At the 1965 general election he is elected as a Labour Party Teachta Dála (TD) for the Dublin South-Central constituency. In 1968 he is elected Lord Mayor of Dublin. In 1973 he is appointed Parliamentary Secretary to the Minister for Social Welfare, Brendan Corish. He introduces sweeping reforms to the area while he holds that position. He plays a leading role in initiating the EU Poverty Programmes.

The Fine Gael–Labour Party coalition is defeated at the 1977 general election resulting in the resignation of Brendan Corish as Labour Party leader. Cluskey is elected the new leader of the Labour Party. In 1981, the Labour Party enters into a coalition government with Fine Gael. However Cluskey has lost his seat in Dáil Éireann at the 1981 general election and with it the party leadership. He is appointed on July 1, 1981 as a Member of the European Parliament (MEP) for Dublin, replacing Michael O’Leary, who had resigned the seat after succeeding Cluskey as Labour leader.

The coalition government falls in January 1982 over a budget dispute, and Cluskey is re-elected to the Dáil at the February 1982 general election. When the coalition returns to office after the November 1982 election, Cluskey is appointed as Minister for Trade, Commerce and Tourism. He then resigns from the European Parliament, to be replaced by Brendan Halligan.

On December 8, 1983 Cluskey resigns as Minister due to a fundamental disagreement over government policy about the Dublin Gas Company. He retains his Dáil seat in the 1987 general election.

Following his re-election Cluskey’s health begins to deteriorate. He dies in Dublin on May 7, 1989 following a long battle with cancer.