given-rate
14th Apr 2005, 11:57
RYANAIR ANNOUNCES AGREEMENT FOR A NEW BASE AT LUEBECK AIRPORT
4 AIRCRAFT, 10 ROUTES AND 2M PASSENGERS PER ANNUM FOR LUEBECK Ryanair, Europe's No. 1 low fares airline, today announced it has reached agreement with Infratil to base up to 4 new 737 aircraft and deliver up to 2 million passengers per annum to Luebeck airport. This agreement is subject to the successful completion of a conditional purchase agreement between Infratil and the City of Luebeck announced on 14th April. Settlement of the transaction is expected to occur a few months' time.
Infratil is an international airport and infrastructure investor which owns Wellington International Airport and Glasgow Prestwick Airport. The agreement builds on the success of Ryanair's base at Glasgow Prestwick Airport where Ryanair has 5 based aircraft and in the current year the airline will operate 17 international routes and carry 2.4 million passengers.
Ryanair would operate a network of low fare scheduled international routes from Luebeck to the UK and Europe and would deliver 2 million passengers in the first year of this base. Ryanair will invest over $250M in 4 new B737 aircraft and create over 200 new jobs in Luebeck. The massive increase in passenger traffic would boost Hamburg Luebeck to the top ten international airports in Germany (nudging Leipzig/Halle off the number 10 spot with 2,026,550 passengers in 2004).
According to ACI figures, these 2 million passengers will generate 2,000 new jobs in the Luebeck region, with the first 200 of these being direct Ryanair employees (pilots, cabin crew, engineers, etc).
Commenting on the deal today, Ryanair's COO and Deputy CEO Michael Cawley
said:
"Our agreement with Infratil to base aircraft and deliver substantial passenger volumes to Luebeck Airport demonstrates the success of the low fares model of using low cost secondary airports. This new base would revolutionise the future growth of Luebeck Airport and represents an investment of $250 million by Ryanair in Luebeck. This new base would make Luebeck Airport the low cost gateway to Luebeck and the entire region of Northern Germany and would promote tourism access to the region for UK and European visitors. The new base would also mean that passengers using Luebeck Airport would enjoy even more of Germany's lowest ever air fares with Germany's cheapest airline. Ryanair looks forwarded to working with Infratil to realize this ambition and revolutionise air traffic at Luebeck airport."
4 AIRCRAFT, 10 ROUTES AND 2M PASSENGERS PER ANNUM FOR LUEBECK Ryanair, Europe's No. 1 low fares airline, today announced it has reached agreement with Infratil to base up to 4 new 737 aircraft and deliver up to 2 million passengers per annum to Luebeck airport. This agreement is subject to the successful completion of a conditional purchase agreement between Infratil and the City of Luebeck announced on 14th April. Settlement of the transaction is expected to occur a few months' time.
Infratil is an international airport and infrastructure investor which owns Wellington International Airport and Glasgow Prestwick Airport. The agreement builds on the success of Ryanair's base at Glasgow Prestwick Airport where Ryanair has 5 based aircraft and in the current year the airline will operate 17 international routes and carry 2.4 million passengers.
Ryanair would operate a network of low fare scheduled international routes from Luebeck to the UK and Europe and would deliver 2 million passengers in the first year of this base. Ryanair will invest over $250M in 4 new B737 aircraft and create over 200 new jobs in Luebeck. The massive increase in passenger traffic would boost Hamburg Luebeck to the top ten international airports in Germany (nudging Leipzig/Halle off the number 10 spot with 2,026,550 passengers in 2004).
According to ACI figures, these 2 million passengers will generate 2,000 new jobs in the Luebeck region, with the first 200 of these being direct Ryanair employees (pilots, cabin crew, engineers, etc).
Commenting on the deal today, Ryanair's COO and Deputy CEO Michael Cawley
said:
"Our agreement with Infratil to base aircraft and deliver substantial passenger volumes to Luebeck Airport demonstrates the success of the low fares model of using low cost secondary airports. This new base would revolutionise the future growth of Luebeck Airport and represents an investment of $250 million by Ryanair in Luebeck. This new base would make Luebeck Airport the low cost gateway to Luebeck and the entire region of Northern Germany and would promote tourism access to the region for UK and European visitors. The new base would also mean that passengers using Luebeck Airport would enjoy even more of Germany's lowest ever air fares with Germany's cheapest airline. Ryanair looks forwarded to working with Infratil to realize this ambition and revolutionise air traffic at Luebeck airport."