Monday, 16 September 2013

Ryanair agrees 10 year growth deal at London Stansted

                                                         
Ryanair Boeing 737-800
Ryanair and Manchester Airport Group have announced they have concluded a new 10 year growth deal at Ryanair’s largest base London Stansted, which will see Ryanair grow it’s traffic by 50% from 13.2 million to over 20 million passengers per annum in return for package of lower cost and low cost facilities.

The new growth deal is significant as London Stansted will account for up to 25% of Ryanair’s growth plans up to 2019 as the delivery stream of 175 Boeing 737-800s commences in September 2014.

In year one of the 10 year growth deal Ryanair expects Stansted traffic to grow from 13.2 million to 14.5 million passengers.

In summer 2014 Ryanair will operate 120 routes from Stansted including four new routes to Bordeaux, Dortmund, Lisbon and Rabat with a base fleet of 43 Boeing 737-800s up six from this year operating 2,000 weekly flights.

A new addition to Ryanair’s route network from the Stansted growth deal is Lisbon.

MAG Chief Commercial Officer Ken O’Toole said “The new long term agreement between Ryanair and MAG at Stansted shows that competition really does work, and it represents great news for both passengers and UK Business. The deal secures a new and exciting era for both Ryanair and Stansted, and we’ve delighted to be supporting the airline’s growth over the next ten years’.

Ryanair CEO Michael O’Leary stated “Ryanair is pleased to have agreed a new 10 year growth deal at London Stansted with MAG. This deal will see our traffic grow by over 50% from 13.2 in 2012 to over 20m p.a in return for lower costs and more efficient facilities at Stansted. This agreement which will create over 7000 new jobs in Stansted, proves how UK airports can flourish when released from the dead hand of BAA monopoly and is the first dramatic initiative by MAG to reverse 7 years of decline, during which Stansted traffic fell from 23.8 m to 17.5 m”.


Irish Aviation Research Institute © 16th September 2013 All Rights Reserved.

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