Ryanair Holdings PLC
12 February 2008
RYANAIR ANNOUNCES 26th BASE IN REUS BARCELONA
$140M INVESTMENT - 2 A/CRAFT ($140m) & 12 ROUTES DELIVER OVER 1M PAX P.A
Ryanair, Europe's largest low fares airline today (Tuesday, 12th February 2008)
announced its 26th European and fifth Spanish base in Reus Barcelona. From
October, Ryanair will invest $140M in 2 new aircraft and 12 routes that will
deliver 1,000 jobs and over 1m passengers p.a. for Tarragona.
+--------------------------------------------+------------------------+
| DESTINATION | Starts |
+--------------------------------------------+------------------------+
| Birmingham | June |
+--------------------------------------------+------------------------+
| Dublin | Operating |
+--------------------------------------------+------------------------+
| Frankfurt | Operating |
+--------------------------------------------+------------------------+
| Glasgow | Operating |
+--------------------------------------------+------------------------+
| Liverpool | Operating |
+--------------------------------------------+------------------------+
| London (Luton) | Operating |
+--------------------------------------------+------------------------+
| London (Stansted) | Operating |
+--------------------------------------------+------------------------+
| Palma | Oct |
+--------------------------------------------+------------------------+
| Paris | Oct |
+--------------------------------------------+------------------------+
| Santander | Oct |
+--------------------------------------------+------------------------+
| Santiago | Oct |
+--------------------------------------------+------------------------+
| Seville | Oct |
+--------------------------------------------+------------------------+
In just five years, Ryanair has smashed Iberia's high fare monopoly by
guaranteeing Spanish passengers the lowest fares and no fuel surcharges ever.
This has driven down the cost of travel and delivered an annual €2bn tourism
spend in the Spanish regions.
Ryanair's new base in Reus Barcelona will replicate the success of our existing
bases in Alicante, Girona, Madrid and Valencia, transforming tourism to the
region and saving passengers €100m p.a. compared to Iberia's high fares and fuel
surcharges.
Announcing Ryanair's 26th European base in Reus, CEO Michael O'Leary said:
'We congratulate Reus for fighting off stiff competition from seven
other airports across Europe to win this new base which guarantees over
1m passengers p.a and two new aircraft worth over $140m for 12 Ryanair
routes.
'Ryanair will now develop the region's massive untapped potential by
giving the tourism industry year round low fare access to Europe's
largest cities. The 1m passengers that Ryanair delivers to/from Reus
next year will generate a local visitor spend of at least €150m.
'All of Ryanair's routes from Reus are available until midnight Thursday
for just €5 and we advise passengers to book early as demand will be
very strong'.
Ends. Tuesday, 12th February 2008
For further information:
Peter Sherrard - Ryanair Pauline McAlester - Murray Consultants
Tel: 00 353 1 812 1228 Tel: 00 353 1 4980 300
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.