12 M Passengers at Charleroi

Ryanair Holdings PLC 26 March 2008 RYANAIR CELEBRATES 12 MILLION PASSENGERS AT BRUSSELS CHARLEROI Ryanair, Europe's largest low fares airline today (Wednesday, 26th March 2008) celebrated carrying 12m passengers to / from Brussels Charleroi since launching its first route there in 1997. Ryanair has since grown to 26 routes serving 2.5m passengers p.a. Ryanair's low cost partnership with Charleroi has saved Belgian consumers / visitors €1.2bn compared to the high fares charged by airlines at Zaventem airport and has transformed Charleroi Airport from a loss making burden on the Walloon region into a profitable wealth generator. Ryanair's appeal of the European Commission's unlawful Charleroi State Aid ruling was heard two weeks ago in Luxembourg. To make its unlawful ruling, the Commission invented unique and discriminatory rules and ignored its own Market Economy Investor Principal (MEIP) which allows public and privately owned companies to compete on a level playing field. Ryanair looks forward to a decision which vindicates the Charleroi agreement and exposes the European Commission's bias. The European Commission has repeatedly ignored Ryanair's complaints about billions of euro in state aid given to high fare flag carriers while investigating spurious complaints from competitors, about free market deals at tiny regional airports which are perfectly lawful under the Commission's own MEIP rules. The latest of these baseless complaints (Bratislava airport) was announced the day before the Charleroi Appeal hearing in a pathetic attempt by the politically corrupt European Commission to put pressure on the independent European Court of First Instance. Against Ryanair: Submitted Investigation Berlin Aug ' 03 Jul '07 Alghero Dec '03 Aug '07 Aarhus Jan '05 Jul '07 Tampere Feb '05 Jul '07 Lubeck Feb '06 Jul '07 Pau Nov '06 Nov '07 Bratislava Jan '07 Mar '08 By Ryanair: Lufthansa (Munich Airport) Nov '05 No Action Alitalia (Bailouts) Dec '05 No Action Air France (Disc. Charges) May '06 No Action Olympic (Bailouts) Dec '06 No Action KLM (Ecotax) Feb '08 No Action The Commission also demonstrated its political bias against Ryanair by prohibiting the Aer Lingus merger while approving far larger airline mergers such as Lufthansa/Swiss, Air France/ KLM and shortly Air France/Alitalia. Ryanair's offer for Aer Lingus guaranteed to reduce Aer Lingus' fares and eliminate fuel surcharges, saving Aer Lingus passengers over €100m p.a. Since this unlawful EU prohibition (the first EU prohibition of any airline merger) Aer Lingus has increased fares and fuel surcharges. Ryanair looks forward to overturning this unjust and corrupt merger prohibition on appeal. Welcoming its 12 millionth passenger in Brussels, Ryanair's Michael O'Leary said: 'Ryanair's agreement with Charleroi airport has been great news for Belgian tourism, Belgian business and above all the 12 million consumers who have saved over €1.2 billion thanks to Ryanair's low fares. We look forward to overturning the European Commission's unlawful state aid finding in Charleroi and to ending its discrimination against Ryanair's low cost deals at regional airports across Europe. 'The European Commission's attempts to block competition and choice whilst failing to take action against the billions of euro in unlawful state aid given to flag carrier airlines must end. Ryanair again calls on the Commission to stop putting rule breaking Governments before consumers'. Ends. Wednesday, 26th March 2008 For further information: Peter Sherrard Hans Karperien Ryanair Worldcom Tel. +353-1-8121228 Tel. +32 2 2806061 This information is provided by RNS The company news service from the London Stock Exchange
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