Expansion at London Luton

TBI PLC
22 July 2004


TBI plc
('TBI' or 'the Group')

Re: Expansion at London Luton


TBI, the regional airports operator, is delighted by the recent announcements
from low cost airlines, easyJet and Ryanair, regarding expansion at London
Luton.  The Group continues to attract additional low-cost traffic as no-frills
travel to domestic and European destinations continues to grow.


Ryanair has today announced a significant increase to its services out of London
Luton with the addition of four new aircraft and 9 new European routes.  Ryanair
currently operates 14 daily international flights from Luton to Dublin and
Milan.  New international routes will be introduced to Girona, Reus, Dinard,
Esjberg, Murcia, Nimes, Venice, Rome and Stockholm.


easyJet has also announced the further expansion of its operations out of London
Luton recently with the addition of three more aircraft to the existing 13
currently in operation.  This approximates to a 25% increase in easyJet capacity
based at London Luton.  A minimum of three new routes will be added to its
existing network of 22 European destinations currently served out of London
Luton.  Further details of these new destinations will be announced shortly.


TBI welcomes this significant endorsement from both Ryanair and easyJet of
London Luton's ongoing and future potential.  However, while expansion of this
scale will have a positive impact on building passenger revenue, the extra
capacity will not be introduced until 2005 and therefore will have no material
impact on figures for the current financial year.


                                                                    22 July 2004
Enquiries:

TBI plc                                                        020 7408 7300

    Keith Brooks, Chief Executive
    Caroline Price, Finance Director

College Hill                                                   020 7457 2020

    Justine Warren


                      This information is provided by RNS
            The company news service from the London Stock Exchange