Ryanair Holdings PLC
11 November 2005
RYANAIR ANNOUNCES $1 BILLION INVESTMENT IN FRANKFURT HAHN
MAJOR EXPANSION FOR ITS FRANKFURT HAHN BASE
18 AIRCRAFT, OVER 50 ROUTES, 8M PASSENGERS, 8,000 JOBS
2M FREE* SEATS ALL OVER EUROPE TO CELEBRATE
Ryanair, Europe's No.1 low fares airline today (Friday, 11th November 2005)
announced a $1 billion multi year expansion plan for its base at Frankfurt Hahn.
By 2012, Ryanair will have 18 based aircraft, operate over 50 routes, carry 8
million passengers p.a. and have created over 8,000 jobs at Frankfurt Hahn
airport. With this enormous investment Frankfurt Hahn will overtake Dublin to
become Ryanair's second largest airport base and become Germany's fastest
growing and 8th largest airport.
Announcing this major expansion in Mainz, the capital of Rhineland Palatinate,
today, Michael O'Leary, Ryanair's CEO said:
'Between 2006 and 2012, Ryanair is committed to an investment of $1 billion
in new aircraft at Frankfurt Hahn. With over 50 routes, 8 million passengers
and 8,000 jobs this is the single biggest investment in German aviation by a
non German company and will make Frankfurt Hahn one of the largest airports
in Germany and Germany's fastest growing airport.
'Ryanair will also provide a loan of €12.5 million in respect of 50% of the
total capital expenditure on the new passenger terminal at Frankfurt Hahn
and will also locate a Ryanair maintenance facility at the airport.
'I wish to acknowledge the contribution of Fraport and the government of
Rhineland Palatinate to this project. Ryanair's successful collaboration
with these partners since 1999 has helped to transform the airport into a
major stimulant for tourism and employment in the States economy. Today's
announcement ensures that this growth will be taken a significant stage
further. Over the next 7 years Ryanair looks forward to creating 8,000 jobs
at Frankfurt Hahn, more than doubling passenger numbers and delivering the
highest traffic growth and lowest fares in Germany'.
FREE* OFFER DETAILS
Booking Period Fri 11th Nov - midnight Thu 17th Nov 2005
Travel Period 18/11/05 - 09/02/06
Applicable days Mon - Sun
Purchase www.ryanair.com - At least 7 days before departure
Blackout Period 16th Dec 2005 - 05 Jan 2006
Ends. Friday, 11th November 2005
For further
information
please contact: Peter Sherrard Pauline McAlester
Ryanair Murray
Consultants
Tel. 353-1-8121228 Tel.
353-1-4980300
This information is provided by RNS
The company news service from the London Stock Exchange
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