13th Sep 2005 16:02
Ryanair Holdings PLC13 September 2005 RYANAIR POSTPONES PLANS FOR BASE AT HAMBURG LUEBECK AIRPORT AFTER COURT RULES AGAINST PLANNING APPROVAL Ryanair, Europe's No. 1 low fares airline, today (Tuesday 13th September 2005)announced that it has postponed plans to launch a base at Hamburg Luebeckairport, which would have delivered up to 2 million passengers per annum andcreated 2,000 jobs in the Schleswig-Holstein region because the HigherAdministrative Court of Schleswig-Holstein ruled against planning approval toextend the runway, expand the main taxiway and upgrade the instrument landingsystem. Ryanair's planned expansion at Hamburg Luebeck was subject to this approvalbeing granted and these works being completed. Consequently, Ryanair has beenforced to postpone its intended base at Hamburg Luebeck for the moment and willannounce a replacement later this week. Michael O'Leary, CEO of Ryanair said; "The Administrative Court ruling against planning permission means that we nowhave to postpone plans for a new base in Hamburg Luebeck. Although HamburgLuebeck will not benefit at this time from increased passenger numbers thatwould have supported up to 2,000 new jobs in the region, Ryanair will maintainits existing operation at the airport. Ryanair will also continue to support itspartners - the City of Luebeck and Infratil - in their efforts to resolve thisplanning problem so that they can continue to develop the airport, grow theirpassenger numbers, and we can proceed with the launch of a Ryanair base inHamburg Luebeck as soon as it is practical in the future." "We will announce another base in Europe later this week, where we will investover $100M in new aircraft, new routes and new jobs". Ends: Tuesday, 13th September 2005. For further information:Peter Sherrard - Ryanair Pauline McAlester - Murray ConsultantsTel: 00353 1 8121 228 Tel: 00 353 1 4980 300 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RYA.L