20th Mar 2014 09:58
LONDON (Alliance News) - Ryanair Holdings PLC Thursday said it will add seven routes and increase flights on 21 existing routes in its winter 2014 schedule at Dublin airport, a move that comes a day after it also increased its winter schedule at London Stansted.
In a statement, Europe's largest low-cost carrier said it will add routes from Dublin to Basel, Bucharest, Cologne, Lisbon, Marrakesh, Nice and Prague.
It said the decision to increase its Dublin schedule was a result of the Irish government's decision to remove an air travel tax from April this year.
The Irish airline Wednesday had announced eight new routes and increased flights on 36 other routes for its winter 2014 schedule at London Stansted.
Separately Thursday, Ryanair said it had received a BBB+ rating from Standard & Poor's, which, the airline said, makes it the highest rated airline in the world.
Ryanair undertook the rating process as part of its plans to access capital markets to source secured and unsecured debt financing for its 175 Boeing 737-800 aircraft order.
"The BBB+ rating will enable us to achieve lower cost financing to ensure that we continue to have the lowest costs and the lowest fares in Europe," Ryanair Chief Financial Officer and Deputy Chief Executive Howard Millar said in a statement.
Ryanair shares were down 0.8% at EUR7.172 in London Thursday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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