Ryanair To Invest $1 Bln For 10 Aircraft, Announces 44 New Routs

(RTTNews) - Ryanair (RYA.L) Tuesday announced its plan to invest $1 billion for 10 new aircraft to the Itlalian market. The airline company will open 44 new routes with 21 at Rome and Milan and 23 at Italy's regional airports. Further, the airline expects to grow Italian traffic by 10 percent or 3 million passengers to 35 million in 2017. In addition 2250 jobs will be created by Italy's airports.

The company welcomed the reversal of 2.50 euro increase in municipal tax from September 1, 2016. The new guidelines of the Italian government have helped Pescara airport to sign a new growth agreement with Ryanair. Earlier it was planning for closure of the Pescara base in November. Ryanair's Michael O'Leary said, "We are extremely grateful to Prime Minister Renzi and Transport Minister Delrio for taking these initiatives to grow Italian tourism. All of this growth would have been lost to other EU countries if the Municipal Tax increase had not been reversed, and the airport guidelines had not been redrafted to comply with EU rules." Ryanair said it is in negotiations with Alghero airport and hopeful of reaching an agreement on completion of their current privatisation project in early September. The company is planning to release 100,000 seats for sale from just 8 euros, which are available for booking until midnight of August 18 and for travel in October and November. To avail the offer, customers can log on to www.ryanair.com.

The new summer 2017 routes announced by the airline are: Pescara - Copenhagen: Rome - Lourdes, Pescara - Krakow: Rome - Nuremberg, Bologna - Lisbon: Malpensa - Gran C., Bologna - Eindhoven: Bergamo - Edinburgh, Trapani - Prague: Bergamo - Luxembourg, Treviso - Krakow: Bergamo - Vigo, Bari - Liverpool: Palermo - Bucharest.