12th Feb 2008 09:13
Ryanair Holdings PLC12 February 2008 RYANAIR ANNOUNCES 26th BASE IN REUS BARCELONA $140M INVESTMENT - 2 A/CRAFT ($140m) & 12 ROUTES DELIVER OVER 1M PAX P.A Ryanair, Europe's largest low fares airline today (Tuesday, 12th February 2008)announced its 26th European and fifth Spanish base in Reus Barcelona. FromOctober, Ryanair will invest $140M in 2 new aircraft and 12 routes that willdeliver 1,000 jobs and over 1m passengers p.a. for Tarragona. +--------------------------------------------+------------------------+ | DESTINATION | Starts | +--------------------------------------------+------------------------+ | Birmingham | June | +--------------------------------------------+------------------------+ | Dublin | Operating | +--------------------------------------------+------------------------+ | Frankfurt | Operating | +--------------------------------------------+------------------------+ | Glasgow | Operating | +--------------------------------------------+------------------------+ | Liverpool | Operating | +--------------------------------------------+------------------------+ | London (Luton) | Operating | +--------------------------------------------+------------------------+ | London (Stansted) | Operating | +--------------------------------------------+------------------------+ | Palma | Oct | +--------------------------------------------+------------------------+ | Paris | Oct | +--------------------------------------------+------------------------+ | Santander | Oct | +--------------------------------------------+------------------------+ | Santiago | Oct | +--------------------------------------------+------------------------+ | Seville | Oct | +--------------------------------------------+------------------------+ In just five years, Ryanair has smashed Iberia's high fare monopoly byguaranteeing Spanish passengers the lowest fares and no fuel surcharges ever.This has driven down the cost of travel and delivered an annual €2bn tourismspend in the Spanish regions. Ryanair's new base in Reus Barcelona will replicate the success of our existingbases in Alicante, Girona, Madrid and Valencia, transforming tourism to theregion and saving passengers €100m p.a. compared to Iberia's high fares and fuelsurcharges. Announcing Ryanair's 26th European base in Reus, CEO Michael O'Leary said: "We congratulate Reus for fighting off stiff competition from seven other airports across Europe to win this new base which guarantees over 1m passengers p.a and two new aircraft worth over $140m for 12 Ryanair routes. "Ryanair will now develop the region's massive untapped potential by giving the tourism industry year round low fare access to Europe's largest cities. The 1m passengers that Ryanair delivers to/from Reus next year will generate a local visitor spend of at least €150m. "All of Ryanair's routes from Reus are available until midnight Thursday for just €5 and we advise passengers to book early as demand will be very strong". Ends. Tuesday, 12th February 2008 For further information: Peter Sherrard - Ryanair Pauline McAlester - Murray Consultants Tel: 00 353 1 812 1228 Tel: 00 353 1 4980 300 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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