14 Apr 2005
4 aircraft, 10 routes AND 2m passengers per annum for Lübeck
Ryanair, Europe's No. 1 low fares airline, today (Thursday, 14th April 2005) 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 Lübeck airport. This agreement is subject to the successful completion of a conditional purchase agreement between Infratil and the City of Lübeck announced on 14 April. Settlement of the transaction is expected to occur in 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 Lübeck 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 Lübeck. The massive increase in passenger traffic would boost Hamburg Lübeck 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 Lübeck 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 Lübeck Airport demonstrates the success of the low fares model of using low cost secondary airports. This new base would revolutionise the future growth of Lübeck Airport and represents an investment of $250 million by Ryanair in Lübeck. This new base would make Lübeck Airport the low cost gateway to Lübeck 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 Lübeck 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 Lübeck airport".
© Copyright Infratil