At a press conference in London on Friday announcing Ryanair's autumn schedule, O'Leary also said the new carrier would also offer more expensive, premium-class seats.

"There would also be a very good product up front, " in the cabin for passengers, O'Leary said. There would be premium-class seating "but they won't get them for 10 bucks".

"I'm thinking of calling it something sexy like 'O'Leary Air' or 'Ego Air' or" . . . referring to the premium end of the cabin, presumably . . . "'Beds and Blowjobs'."

The transatlantic carrier is still hypothetical, but O'Leary, 46, has suggested it might be a "retirement project" if he makes good his threat to step down as Ryanair CEO next year.

"There's a real plan there. It would be an interesting opportunity, " said O'Leary. "But it won't happen until we can source a good cheap fleet of long-haul aircraft.'' The CEO said aircraft prices would need to drop 30% to 40% from their current levels before he could place an order for the new airline. Prices for aircraft are at peak levels, he said.