11th Nov 2005 09:24
Ryanair Holdings PLC11 November 2005 RYANAIR ANNOUNCES $1 BILLION INVESTMENT IN FRANKFURT HAHN MAJOR EXPANSION FOR ITS FRANKFURT HAHN BASE 18 AIRCRAFT, OVER 50 ROUTES, 8M PASSENGERS, 8,000 JOBS 2M FREE* SEATS ALL OVER EUROPE TO CELEBRATE Ryanair, Europe's No.1 low fares airline today (Friday, 11th November 2005)announced a $1 billion multi year expansion plan for its base at Frankfurt Hahn.By 2012, Ryanair will have 18 based aircraft, operate over 50 routes, carry 8million passengers p.a. and have created over 8,000 jobs at Frankfurt Hahnairport. With this enormous investment Frankfurt Hahn will overtake Dublin tobecome Ryanair's second largest airport base and become Germany's fastestgrowing and 8th largest airport. Announcing this major expansion in Mainz, the capital of Rhineland Palatinate,today, Michael O'Leary, Ryanair's CEO said: "Between 2006 and 2012, Ryanair is committed to an investment of $1 billion in new aircraft at Frankfurt Hahn. With over 50 routes, 8 million passengers and 8,000 jobs this is the single biggest investment in German aviation by a non German company and will make Frankfurt Hahn one of the largest airports in Germany and Germany's fastest growing airport. "Ryanair will also provide a loan of €12.5 million in respect of 50% of the total capital expenditure on the new passenger terminal at Frankfurt Hahn and will also locate a Ryanair maintenance facility at the airport. "I wish to acknowledge the contribution of Fraport and the government of Rhineland Palatinate to this project. Ryanair's successful collaboration with these partners since 1999 has helped to transform the airport into a major stimulant for tourism and employment in the States economy. Today's announcement ensures that this growth will be taken a significant stage further. Over the next 7 years Ryanair looks forward to creating 8,000 jobs at Frankfurt Hahn, more than doubling passenger numbers and delivering the highest traffic growth and lowest fares in Germany". FREE* OFFER DETAILSBooking Period Fri 11th Nov - midnight Thu 17th Nov 2005Travel Period 18/11/05 - 09/02/06Applicable days Mon - SunPurchase www.ryanair.com - At least 7 days before departureBlackout Period 16th Dec 2005 - 05 Jan 2006 Ends. Friday, 11th November 2005 For furtherinformationplease contact: Peter Sherrard Pauline McAlester Ryanair Murray Consultants Tel. 353-1-8121228 Tel. 353-1-4980300 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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