Michael O'Leary
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O'Leary sorry for 'inappropriate' Pinocchio advert

EasyJet founder Sir Stelios Haji-Ioannou has been paid over £50,000 in damages by Ryanair after a libel suit between the two parties was settled out of court.

Earlier this year, Ryanair took out a series of newspaper adverts that depicted Sir Stelios as a Pinocchio figure - and suggested he wasn't telling the truth about Easyjet's punctuality levels.

BBC Business reporter Dominic Laurie spoke to both EasyJet founder Sir Stelios Haji-Ioannou and Ryanair's chief executive Michael O'Leary.

READ MORE: Ryanair sorry for 'Pinocchio' ads