First Routes To Malta

Ryanair Holdings PLC 07 September 2006 RYANAIR ANNOUNCES FIRST ROUTES FROM MALTA, ITS 24th COUNTRY OF OPERATION Ryanair, Europe's leading low fares airline, today (Thursday, 7th September 2006), announced the commencement of three new routes to Malta International Airport from London Luton, Pisa and Dublin. These routes are a direct response to the Maltese Government's initiative to attract low fare airlines to the island. The Government has accepted in full Ryanair's proposals and the airline is now confirming the commencement dates and frequency of these services. Ryanair, on a year round basis, will fly a daily service from London Luton starting on the 31st October 2006, a three times weekly service from Pisa starting on the 31st October 2006 and a three times weekly service from Dublin, which commences on the 9th February 2007. Commenting on the announcement of the new routes, Ryanair's Deputy Chief Executive, Michael Cawley said: 'Ryanair is delighted to announce these new routes to Malta, which we hope will be the commencement of a long and growing relationship with the island. The Government has shown courage and initiative in inviting proposals from low cost airlines and we are delighted to have succeeded with our plans for these three new routes. We believe this will reverse the decline in Maltese tourism. As an island economy with over 20% of its GNP dependant on tourism, low cost access is crucial and the Maltese Government has taken the first tentative steps towards a major breakthrough in this regard. 'Ryanair will carry over 200,000 passengers in the first year on these three routes with over 110,000 passengers expected on the London Luton routes, 47,000 each from Pisa and Dublin. We expect to carry over 85,000 tourists into the country bringing total revenue of in excess of €36m in related spend, resulting in the creation of 300 new jobs directly and indirectly at Malta International Airport. These passengers will save over €20m as against the average fares charged by high fare airlines to and from the island. 'Our fares will undercut those of the existing high fare operators by up to 90% (net of taxes and charges) and we will immediately include all these routes in our existing free seat sale in, which over 4 million seats are made available for flying from October to March at zero fares with the passengers having to pay just the taxes and charges'. ROUTE TIME OF FLIGHT START DATE London Luton 2125 31st October 2006 Pisa 2105 31st October 2006 Dublin 1225 8th February 2007 TAX INCLUSIVE FARES ROUTE RYANAIR HIGH FARE AIRLINE * London Luton 30 68 Pisa 30 215 Dublin 30 112 * High fare airlines - London: BA - Gatwick, Pisa: Alitalia (via Rome), Dublin: Air Malta Ends. Thursday, 7th September 2006 For further information: Peter Sherrard - Ryanair Pauline McAlester - Murray Consultants Tel: 00 353 1 8121228 Tel: 00 353 1 4980 300 This information is provided by RNS The company news service from the London Stock Exchange
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