New Base at Luebeck Airport

Ryanair Holdings PLC
14 April 2005


                   RYANAIR ANNOUCES AGREEMENT FOR A NEW BASE
                               AT LUEBECK AIRPORT

         4 AIRCRAFT, 10 ROUTES AND 2M PASSENGERS PER ANNUM FOR LUEBECK

Ryanair, Europe's No. 1 low fares airline, today (Thursday, 14th April 2005)
announced it has reached agreement with Infratil to base up to 4 new 737
aircraft and deliver up to 2 million passengers per annum to Luebeck airport.
This agreement is subject to the successful completion of a conditional purchase
agreement between Infratil and the City of Luebeck announced on (14) April.
Settlement of the transaction is expected to occur a few months' time

Infratil is an international airport and infrastructure investor, which owns
Wellington International Airport and Glasgow Prestwick Airport. The agreement
builds on the success of Ryanair's base at Glasgow Prestwick Airport where
Ryanair has 5 based aircraft and in the current year the airline will operate 17
international routes and carry 2.4 million passengers.

Ryanair would operate a network of low fare scheduled international routes from
Luebeck to the UK and Europe and would deliver 2 million passengers in the first
year of this base. Ryanair will invest over $250M in 4 new B737 aircraft and
create over 200 new jobs in Luebeck. The massive increase in passenger traffic
would boost Hamburg Luebeck to the top ten international airports in Germany
(nudging Leipzig/Halle off the number 10 spot with 2,026,550 passengers in
2004).

According to ACI figures, these 2 million passengers will generate 2,000 new
jobs in the Luebeck region, with the first 200 of these being direct Ryanair
employees (pilots, cabin crew, engineers, etc).

Commenting on the deal today, Ryanair's COO and Deputy CEO Michael Cawley said:

        'Our agreement with Infratil to base aircraft and deliver substantial
        passenger volumes to Luebeck Airport demonstrates the success of the low
        fares model of using low cost secondary airports. This new base would
        revolutionise the future growth of Luebeck Airport and represents an
        investment of $250 million by Ryanair in Luebeck. This new base would
        make Luebeck Airport the low cost gateway to Luebeck and the entire
        region of Northern Germany and would promote tourism access to the
        region for UK and European visitors. The new base would also mean that
        passengers using Luebeck Airport would enjoy even more of Germany's
        lowest ever air fares with Germany's cheapest airline. Ryanair looks
        forwarded to working with Infratil to realize this ambition and
        revolutionise air traffic at Luebeck airport'.


Ends:                    Thursday, 14th April 2005


For further information:

Caroline Baldwin - Ryanair            Pauline McAlester - Murray Consultants
Tel:[phone]                   Tel: [phone]



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