10 yr. Maintenance Contract

Ryanair Holdings PLC
01 November 2004


 RYANAIR ENTERS 10 YEAR AGREEMENT WITH GENERAL ELECTRIC FOR ENGINE MAINTENANCE

Ryanair Holding plc, Europe's No. 1 low fare airline, today (Monday, 1st
November 2004) announced that it had entered into a 10 year agreement, with an
option for a 10 year extension, with General Electric's subsidiary GE Engine
Services ('GE') to provide engine maintenance for the Ryanair fleet.

This all inclusive maintenance contract will include the repair and overhaul of
engine components, the provision of spare parts, technical support of the fleet
and the maintenance and overhaul of all the CFM56-7 series engines which power
its current fleet of 59 Boeing 737-800 next generation aircraft and the 96 firm
aircraft deliveries and up to 123 options to be delivered over a period up to
2010.

The agreement will enable Ryanair to partner with GE an industry leader in
providing world class engine maintenance and overhaul services at significantly
reduced prices.

Commenting on the GE engine maintenance agreement Michael Hickey Ryanair's
Director of Engineering said:

        'We are pleased that we have entered into this exclusive 10 year
        agreement with GE for the provision of engine maintenance and overhaul
        services. GE are a world class provider of these services and we have
        secured a long term agreement which will enable us to significantly
        reduce our maintenance and overhaul costs on our existing CFM56-7
        engines and those still to be delivered under our aircraft delivery
        programme with Boeing'.

Mr. Dan Heintzelman, President and CEO of GE Engine Services said:

        'We look forward to our long term relationship with Ryanair, Europe's
        largest low fares airline. GE is an acknowledged leader in the provision
        of engine maintenance and overhaul services and we were able to
        successfully win the competitive tender by highlighting our extensive
        record of quality service at very competitive prices. We have worked
        closely with Ryanair to meet their requirements to ensure this programme
        meets the highest international standards of quality and safety. We look
        forward to developing an even closer relationship with Ryanair over the
        period of the agreement'.

ENDS.                          Monday, 1st November 2004

For reference:

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



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