Ryanair Holdings PLC RYANAIR ANNOUNCES $3BN POST WAR UKRAINE PLAN (7000G)
20 Juillet 2023 - 2:58PM
UK Regulatory
TIDM0RYA TIDMRYA
RNS Number : 7000G
Ryanair Holdings PLC
20 July 2023
RYANAIR ANNOUNCES $3 BILLION POST WAR UKRAINE GROWTH &
INVESTMENT PLAN
UP TO 30 AIRCRAFT AND 10M PASSENGERS P.A. IN UKRAINE
Ryanair, Europe's largest airline, today (Thurs 20(th) July)
held an important meeting in Kyiv, together with Deputy Prime
Minister for Restoration of Ukraine and Minister for
Infrastructure, Oleksandr Kubrakov, at which it unveiled plans to
invest heavily (over $3 billion) to rapidly rebuild Ukraine's
aviation industry once the war ends and EASA declares that flying
to/from Ukraine is safe again. Ryanair also held meetings today in
Kyiv with the Ukraine's main airports, Kyiv, Lviv and Odesa in
Boryspil International Airport at the invitation of Oleksiy
Dubrevskyy, CEO of Boryspil international Airport.
During the visit, Ryanair's senior management and the airport
examined the condition of the airport terminals, baggage claim and
passenger check-in and boarding gate areas, control points, aprons,
where they saw the excellent state of the airport infrastructure
and its operational readiness to resume flights when safe to do so.
Ryanair congratulated the efforts of the employees of Boryspil
International Airport to save and maintain the operability of the
airport's infrastructure facilities during the war.
Michael O'Leary, CEO of the Ryanair Group, was inspired by the
dedication of Boryspil Airport employees, who are motivated and
comprehensively working for the post-war recovery of air traffic.
He emphasized: "Ryanair remains a committed partner in rebuilding
and investing in Ukraine aviation. Today we saw that in the most
difficult conditions of war, the Boryspil airport team demonstrates
its professionalism and is fully ready for the resumption of
flights as soon as possible.
Ryanair has committed to returning with low fare flights to/from
Ukraine within 8 weeks of the reopening of Ukraine air space. This
will see 600 weekly flights being operated by Ryanair aircraft from
the main airports of Kyiv, Lviv and Odesa, connecting these cities
to over 20 EU capitals. In addition, Ryanair plans to open daily
domestic flights between Kyiv, Lviv and Odesa, as soon as those
airports are able to handle them.
Ryanair plans in the first 12 months post war to offer over 5
million seats to/from and within Ukraine, and this will build to
over 10 million seats over a 5 year period. Ryanair, the Govt of
Ukraine, and its main airports, have committed to a rapid rebuild
in Ukraine's aviation, and Ryanair will base up to 30 new Boeing
737 MAX aircraft worth over $3 billion at the 3 main Ukraine
airports giving Ukrainian citizens and visitors access to Europe's
lowest air fares, as Ukraine rebuilds its economy in a post
invasion environment,
Speaking in Kyiv today, Ryanair's Michael O'Leary said:
"Ryanair was Ukraine's 2(nd) largest airline before the unlawful
Russian invasion in Feb 2022. Once the skies over Ukraine have
reopened for commercial aviation, Ryanair will charge back into
Ukraine linking the main Ukraine airports with over 20 EU capitals,
and we are working closely with the Ukrainian Govt to rebuild
Ukraine's aviation, industry and its economy.
The fastest way to rebuild and restore the Ukrainian economy
will be with low fare air travel. Ryanair intends to invest heavily
in Ukraine and lead this aviation recovery by investing up to
$3billion and basing up to 30 new Boeing MAX aircraft at Ukraine's
3 main airports in Kyiv, Lviv and Odesa. Having previously also
served Kharkiv and Kherson airports prior to the invasion, Ryanair
will return to serving those airports too, as soon as the
infrastructure has been restored.
Ryanair remains committed to rebuilding and investing in
Ukraine. We currently employ hundreds of Ukrainian pilots, cabin
crew and IT professionals, and we will look to creating thousands
of new jobs in aviation for Ukrainian citizens when Ukraine skies
reopen. Ukraine is a country of 40 million people, many of whom
have been dispersed across Europe over the past year. We look
forward to being able to reunite these families using Ryanair low
fare services to the main Ukrainian airports as soon as it is safe
to do so. Ryanair's low fares services will be critical to the
rebuilding and recovery of the Ukrainian economy, and we will
invest heavily in partnership with the Ukrainian Govt and Ukraine's
main airports as we grow to carry up to 10m passengers p.a. to/from
Ukraine once we are allowed to do so by the European and Ukrainian
Regulatory Authorities."
Summarizing the results of the meeting, Oleksandr Kubrakov, the
Minister of Communities, Territories and Infrastructure Development
of Ukraine noted:
"Maintaining the operability of the aviation infrastructure and
personnel vocational skills remains vital for us in the conditions
of war. Meanwhile, the resumption of flights will be possible as
soon as the security situation allows. However, we are already
working on solutions and investment plans to enable aircraft to fly
up quickly. I am grateful for the leadership in the recovery of our
aviation industry, for the specific proposals and decisions of
Ryanair, a loyal partner of Ukraine."
Oleksiy Dubrevskyy, CEO of Boryspil Airport said:
"The visit of Ryanair senior management to Boryspil Airport is a
powerful signal that the largest airline in Europe sees huge
potential in the Ukrainian air transport market. We, meanwhile, are
ready to move from strategic planning to specific operational
actions when the airspace becomes open and safe for civil aviation.
I strongly believe that Boryspil Airport will remain the main air
gate for the return of our citizens to Ukraine and will continue to
play a leading role in the recovery of the Ukrainian economy."
ENDS
For further information
please contact: Press Office
Ryanair DAC
Tel: +353-1-9451799
press@ryanair.com
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