18th European Base - Madrid

Ryanair Holdings PLC
10 October 2006


                 RYANAIR ANNOUNCES 18th EUROPEAN BASE IN MADRID

      $210M INVESTMENT - 3 A/CRAFT & 14 NEW ROUTES DELIVERING 1M PAX P.A.

                       100,000 SEATS FROM MADRID FOR €1*

Ryanair, Europe's largest low fares airline today (Tuesday, 10th October 2006)
announced its 18th European and second Spanish base in Madrid. From 22nd
November 2006, Ryanair will invest $210M in 3 new aircraft and 14 routes that
will deliver 1 M passengers p.a.

    DESTINATION                                FREQUENCY

    Dublin                                     Daily
    Eindhoven                                  Daily
    Faro                                       Daily
    Porto                                      Daily
    Marseille                                  Daily
    Paris                                      Daily
    Billund                                    4 x week
    Brussels                                   4 x week
    East Midlands                              4 x week
    Oslo                                       4 x week
    Bournemouth                                3 x week
    Gothenburg                                 3 x week
    Malmo                                      3 x week
    Shannon                                    3 x week

Ryanair has been flying to/from Spain since 2003 and in less than three years it
has completely transformed the air travel market in the Iberian peninsula by
giving Spanish passengers and visitors the lowest fares, the best punctuality
and no fuel surcharges, guaranteed. Ryanair's enormous popularity in Spain has
delivered unparalleled growth and today it operates:

   •108 routes to/from Spain
   •17 Spanish airports
   •2 Spanish bases in Madrid and Barcelona
   •11 based aircraft
   •Delivering 9M passengers p.a.

Announcing Ryanair's 18th European base in Madrid, Michael Cawley, Ryanair's
Deputy CEO said:

        'Ryanair is delighted to make Madrid Barajas its 18th European and
        second Spanish base. We welcome the development of facilities in Madrid
        Barajas airport to encourage low fares and competition which have won
        this new base for the Spanish capital. As a result Ryanair will invest
        $210M in 3 Boeing 737-800 aircraft and open new routes from Madrid to 14
        exciting destinations. This will transform the market in Madrid by
        allowing passengers to fly for a fraction of the high fares charged by
        Iberia.

        'Ryanair's 1 M passengers per annum will deliver a visitor spend of
        €110M that will sustain 1,000 jobs and stimulate business and tourism
        throughout the whole Madrid region.

        'These new routes are available for booking today from just €1* on
        www.ryanair.com and we advise passengers to book early as demand will be
        very strong'.

        * taxes and charges excluded


Ends.                                   Tuesday, 10th October 2006


For further information:

Peter Sherrard - Ryanair                Pauline McAlester - Murray Consultants
Tel: [phone]                  Tel: [phone]



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