RYANAIR SELLS BOEING 737-200

Ryanair Holdings PLC
04 October 2004


                  RYANAIR SELLS BOEING 737-200 FLEET FOR $10M

Ryanair Holding plc, Europe's No. 1 low fare airline, today (Monday, 4th October
2004) announced that it had sold its fleet of 20 Boeing 737-200 aircraft to
Autodirect Aviation LLC ('Autodirect') including spare engines and parts for a
total consideration of $10m.

The 20 Boeing 737-200 aircraft were manufactured between 1980 and 1983 and 6 of
the 20 aircraft have already been retired by Ryanair from operation. The
remaining 14 will be delivered to Autodirect post their scheduled retirement
between November 2004 and December 2005. The aircraft, spare parts and engines
will be fully depreciated at their date of disposal and accordingly, there is no
gain or loss arising on their disposal.

Autodirect is a US based corporation, which supplies used aircraft and spare
parts to the airline industry.

Speaking on today's announcement, Ryanair's Deputy Chief Executive, Howard
Millar said:

        'We are pleased to have reached an agreement deal with Autodirect to
        sell our Boeing 737-200 aircraft on their retirement from the Ryanair
        fleet. By the end of next year, Ryanair will have one of the youngest
        aircraft fleets in Europe and be the largest operator of Boeing Next
        Generation 737 aircraft.

        'The move to an all new Boeing 737-800 fleet offers enhanced comfort for
        our passengers and ensures that Ryanair will continue to offer even more
        low fares to the 27.5 million European passengers we expect to carry
        this fiscal year. The all new aircraft fleet will also strengthen our
        position as the lowest cost airline in Europe'.


ENDS.                          Monday, 4th October 2004.

For reference:

Paul Fitzsimmons - Ryanair     Pauline McAlester - Murray Consultants
Tel: [phone]          Tel: [phone]


Note to Editors:

Ryanair Fleet Today (4/10/04)      Ryanair Fleet on Retirement of Boeing 737-200
                                   (Scheduled for December 2005)

59 Boeing 737-800                  96 Boeing 737-800
13 Boeing 737-200                  0 Boeing 737-200
6 Boeing 737-300                   0 Boeing 737-300

On Order - 96 Boeing 737-800       On Order 59 - Boeing 737-800



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