Condemned to grow...
Hi,
Slide 14 of the presentation of full year results caught my attention:
By September 2010, Ryanair's fleet is due to grow from 181 (Mar 09) to 258. This includes disposals of older aircraft (only 3 disposals appear to be planned, according to the slide). This is a net gain of 77 aircraft over an 18 month period. The slide suggests that they have secured financing for all but 7 of these aircraft. Now all they have to do is work out what to do with them all!
Depending on the scale of capacity reductions by other european airlines and the size of the deals that FR may or may not have secured with their existing and new airports, this is either an absolutely brilliant or a completely idiotic and suicidal plan ...