Ryanair chief Michael O'Leary has apologised "unreservedly" to Easyjet founder Sir Stelios Haji-Ioannou and paid £50,100 to settle a libel action.
Ryanair ran adverts depicting Sir Stelios as Pinocchio and suggesting he was lying about
Easyjet's punctuality.
But Mr O'Leary apologised, saying Sir Stelios was not personally responsible for Easyjet not publishing weekly details of their on-time performance.
Sir Stelios will donate the settlement to his philanthropic foundation.
He dedicated the victory to all those "who have suffered verbal abuse at the hands of O'Leary". - BBC
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