16th May 2016 09:34
LONDON (Alliance News) - Irish budget carrier Ryanair Holdings PLC on Monday called for the UK to remain part of the European Union as it announced the opening of a new training centre at London Stansted Airport.
Ryanair Chief Executive Michael O'Leary called for a strong Remain vote at the referendum on June 23 and said Britain's economy will be stronger as part of the EU.
Ryanair said remaining part of the EU will lead to more UK jobs and stronger economic growth and will encourage foreign direct investment in the country. The group added the single market has created the low-fare air travel customers can now access and said Prime Minister David Cameron has renegotiated significant reforms to the UK's EU membership.
The airline added foreign investment will be lost to other EU states if Britain voted to leave.
The comments were made as Ryanair opened a new European Training Centre at Stansted which will create 1,000 new jobs for pilots, cabin crew and engineers.
"It is this type of large scale foreign inward investment that is helping to drive the UK economy and job creation. It is exactly this type of investment that will be lost to other competitor EU members if the UK votes to leave the European Union," said O'Leary.
"The single market has enabled Ryanair to lead the low-fare air travel revolution in Europe, as we bring millions of British citizens to Europe each year, and welcome millions of European visitors to Britain, and we are calling on everyone to turn out in large numbers and vote 'Remain' on the 23rd June," he added.
Ryanair shares were up 0.9% to EUR12.92.
By Sam Unsted; [email protected]; @SamUAtAlliance
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