DUBLIN, Ireland_Ryanair chief Michael O'Leary said Friday he would cut jobs at rival airline Aer Lingus if the budget carrier's takeover bid succeeds. O'Leary spoke as Ryanair Holdings PLC presented advance details of its formal takeover offer for Aer Lingus Group PLC, the formerly state-controlled airline that was floated on the British and Irish stock exchanges Sept. 27. In surprise move, Ryanair quickly acquired 19.2 percent of the shares and offered €2.80 (US$3.55) for the rest - a 27 percent premium over the IPO price - in a hostile takeover bid unveiled Oct. 5. Europe's no-frills leader planned to publish its formal plans Monday morning. But O'Leary offered details of the sales pitch at a Dublin news conference that contained equal measures of carrot and stick.