Ryanair (FR, Dublin International) has rescinded an announcement made early last week in which it expressed the intention to commence transatlantic operations within the next five years. The airline had said it would proceed with plans to offer flights between key European cities and the US with one-way tickets costing from as little as GBP10 (USD15).

However, a second announcement issued towards the end of the week reversed that decision.

"In the light of recent press coverage, the Board of Ryanair Holdings Plc wishes to clarify that it has not considered or approved any transatlantic project and does not intend to do so," the budget carrier's board said in a London Stock Exchange filing last week.

Talk of Ryanair's transition into the longhaul market first arose in 2008 though its implementation has been constrained by a lack of available, suitable widebody aircraft. Last year, Ryanair's chief marketing officer, Kenny Jacobs, said the Irish LCC had come up with a suitable model for its proposed North American flights with the A350 and B787 under consideration.

Among the potential city pairings mentioned included Dublin International, London Stansted, and Milan with New York Newark, New York JFK, and Boston.

European budget operations currently plying the transatlantic market include Norwegian (Oslo Gardermoen), through its Norwegian Long Haul (Oslo Gardermoen) subsidiary, while Lufthansa's revamped Eurowings (EW, Düsseldorf) is scheduled to make its debut across the pond during the upcoming WInter 2015/16 season.