BAA AND RYANAIR SETTLE THE FUEL LEVY DISPUTE AT STANSTED

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Source: - Ryanair
News Release
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13.04.05
BAA AND RYANAIR SETTLE THE FUEL LEVY DISPUTE AT STANSTED

BAA and Ryanair have agreed an out of court settlement which brings to an end the legal challenges surrounding the scale of fuel levy charges at Stansted Airport.


Ryanair has paid BAA the amount which it had previously withheld because of the dispute with the airport about the rate of the fuel levy charge. BAA has withdrawn its claims that Ryanair committed a repudiatory breach of its contract at Stansted.


As from 1 April 2005, BAA is reducing its fuel levy charge at Stansted from 0.68p per litre to 0.412p per litre. This agreement will last until the next regulatory review period starts in April 2008. As a result of this agreement, the fuel levy savings to Ryanair will exceed £1million per annum.

Both companies have agreed that other than the above details, they will not comment further on the terms of this settlement.


Cheers,
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