RYANAIR REDUCES PLANNED EXPANSION AT MILAN BERGAMO

[White Cap]

News Release
14.01.05

RYANAIR REDUCES PLANNED EXPANSION AT MILAN BERGAMO
DUE TO CONTRACTUAL DISAGREEMENT WITH AIRPORT

Ryanair, Europe’s No. 1 low fares airline, today (Friday, 14th January 2005) announced the cancellation of 3 frequencies across a number of its routes from Milan Bergamo, due to a contractual disagreement with the airport. The airline confirmed that it will not be expanding its base to a fifth aircraft as originally announced in November.

Announcing the reduction in planned services from Milan Bergamo, Ryanair’s Deputy Chief Executive, Michael Cawley, said in Dublin:

“When we announced our planned expansion from our Milan Bergamo base late last year the terms negotiated were clear - Ryanair would achieve further cost savings and an expansion of the term of its contract in return for a 60% increase in its presence at the airport and an increase in passenger numbers through the airport of over 1 million per annum. Unfortunately the airport feels that it cannot now honour one term of the agreement and regrettably we have decided to cancel part of our expansion which involves a reduction in frequency on three routes – Milan – London Stansted, Milan – Brussels Charleroi and Milan – Frankfurt Hahn with effect from 25th February 2005. All other services at Milan Bergamo will be unaffected by this decision. Passengers on the cancelled flights will be offered alternatives on the same route.

“Ryanair will be announcing within the next week where this aircraft will now be positioned. All our growth and cost projections for fiscal 2005/2006 remain unaffected”.

Cheers,
White Cap

[dD]

“Ryanair will be announcing within the next week where this aircraft will now be positioned. All our growth and cost projections for fiscal 2005/2006 remain unaffected”.

Ohh, mann.

Da bin ich aber mal gespannt wo diese Maschine hinkommt.

"FR, immer für eine Überraschung gut!"