DfT Decision

Ryanair Holdings PLC 15 January 2008 Ryanair Welcomes DfT Decision on De-Designation but Renews call for Breakup of BAA Monopoly Ryanair, Europe's number one low fares airline, today (Tuesday, 15th January 2008) welcomed the decision of the UK Department for Transport to continue to regulate the Stansted Airport monopoly in order 'to protect passengers who use the airport'. Secretary of State for Transport, Ruth Kelly, on announcing the decision said that the current situation 'is bad for passengers in terms of delays, congestion and lack of choice and it is also bad for the UK's productivity and growth'. The DfT's justified concerns make it all the more inexplicable why the CAA proposed the crazy idea of de-regulating the Stansted monopoly in the first place! Ryanair renews its call on the Government to break up the BAA monopoly, which currently controls over 90% of airport capacity in London. The CAA has been an abysmal failure to date as a regulator of this abusive monopoly, and has allowed Stansted to double airport charges while providing abject service levels to passengers. Welcoming the announcement of DfT's decision, Ryanair's Jim Callaghan, said: 'Ryanair welcomes the Secretary of State's recognition that passengers must be protected from the abusive BAA monopoly in Stansted Airport. However, the real scandal has been the failure of the CAA 'poodles' to properly regulate this abusive monopoly, which is why the airlines have lost faith in the CAA's ability to protect the interests of users. The fact that it was the CAA who proposed this crazy de-designation idea in the first place shows how completely out of touch they are. 'Under the CAA's watch, the BAA Stansted monopoly has: • Doubled airport charges in April 2007 and have announced further increases for 2008; • Pushed ahead plans to spend £4 billion on a second terminal, despite the unanimous opposition of users; • Failed to provide adequate service levels for passengers, which has led to ever longer queues at Stansted security and immigration; • Failed to properly consult with users and ignored their needs in terms of efficient facilities and even basic service levels. 'The only solution to the BAA monopoly is to break it up and allow each airport to develop additional capacity, which will enable them to compete with one another. Ryanair therefore renews its call on the Government to break up the BAA and to impose a robust regulatory regime (as opposed to the CAA 'regulatory poodles') on the Stansted monopoly until such time as competition can replace regulation'. Ends. Tuesday, 15th January 2008 For reference: Peter Sherrard Pauline McAlester Ryanair Murray Consultants Tel: +353-1-8121228 Tel: +353-1-4980300 This information is provided by RNS The company news service from the London Stock Exchange
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