Stmnt re Frankfurt Airport

Ryanair Holdings PLC
22 November 2001



            RYANAIR ANNOUNCES ITS SECOND CONTINENTAL EUROPEAN BASE

                        TEN ROUTES FROM FRANKFURT HAHN

Ryanair, Europe's largest low fares airline today (Thursday, 22nd November
2001) confirmed that it had chosen Frankfurt (Hahn) Airport to be its second
Continental European base.

Starting in ten weeks time (14th Feb next) Ryanair will allocate up to four
aircraft to its new base in Frankfurt Hahn, operating over 30 flights each day
from Frankfurt on ten international routes to Milan, Pisa and Pescara in
Italy, London, Glasgow and Bournemouth in the UK, Perpignan and Montpellier in
France, Shannon in the West of Ireland and Oslo in Norway. This new
Continental base will result in the creation of over 200 new jobs in Frankfurt
Hahn, and will result in over 1,500,000 new passengers being carried through
the airport by Ryanair in the first 12 months of this new base operation.
These passengers will save over DM200,000,000 compared to the high fares
currently being charged by Lufthansa, the high fares airline from Frankfurt
Main.

As well as announcing details of its routes, Ryanair also revealed launch air
fares at prices that have never before been seen in the German market.
Ryanair's lowest one way fare will be at least 80% cheaper than the lowest one
way fare currently offered by Lufthansa, the high fare German airline.

New routes from Frankfurt Hahn (lowest one way fares in DEM)

Routes      Commences               Ryanair      Lufthansa (1)        Saving

LONDON      Existing                      99 845                            88%

MILAN       14 February 2002             119 799                            85%

PISA        7 March 2002                 139 999                            86%

PESCARA     14 February 2002             139 1106 (2)                       87%

OSLO        14 February 2002             159 1535                           90%

MONTPELLIER 7 March 2002                 139 1027 (3)                       86%

PERPIGNAN   7 March 2002                 159 1167 (4)                       86%

GLASGOW     Existing                      99 1152                           91%

BOURNEMOUTH 14 February 2002             119 845 (5)                        86%

SHANNON     Existing                      99 1125                           91%

(1)Refers to Lufthansa's lowest published one way fare on these or nearest
equivalent route on 20/11/01

(2)Lufthansa via Milan (3)Air France via Charles De Gaulle (4)Lufthansa to
Toulouse (5)BA to Southampton

Announcing details of its second Continental European base today in Frankfurt,
Ryanair's Chief Executive, Michael O'Leary said:


    'Thanks to Ryanair and Frankfurt Hahn Airport, the era of Lufthansa's high
    fares monopoly in the German market is over. For many years visitors to
    Germany have had no choice other than to pay Lufthansa's high air fares,
    but this monopoly comes to an end on the 14th February next. German
    consumers (and potential visitors) will now have a choice of daily
    scheduled flights and guaranteed lowest air fares from Frankfurt to
    London, Bournemouth, Pisa, Milan, Pescara, Oslo, Glasgow, the West of
    Ireland and the South of France.

    'Ryanair's low fares offer German consumers savings of over 80% on the
    ridiculously high one way fares being charged by Lufthansa. These fares
    are only available on Europe's largest travel website at www.RYANAIR.COM,
    and we would urge all prospective passengers to book early as seats at
    these prices will sell out quickly. The recruitment and training of over
    200 people has already commenced for the launch of the base on the 14th
    February next. The routes will be operated by four of Ryanair's newest
    aircraft, the Boeing 737-800 series.

    'Ryanair's expansion into the German market follows closely on the heels
    of Lufthansa's withdrawal from London Stansted Airport. For the past two
    years, as Ryanair has opened up low fare routes into Germany, Lufthansa
    has tried to offer competing services from Frankfurt Main and Hamburg to
    London Stansted. In all cases Lufthansa has been unable to match Ryanair's
    low air fares, and has now been forced to pull out of the London
    Stansted-German market altogether. This experience demonstrates that
    Lufthansa cannot match Ryanair's low air fares.

    'The new terminal at Frankfurt Hahn is operating well, and is now being
    extended to cope with these new routes and visitors. The success of
    Frankfurt Hahn Airport highlights the potential growth that is available
    to progressive airports who provide efficient facilities and low costs.
    Despite the adverse impact of 9/11 Frankfurt Hahn is enjoying strong
    growth in traffic, tourism and job creation, and now that it is Ryanair's
    second European base, it will continue to do so'.

Welcoming Ryanair's announcement of Frankfurt Hahn as its new
base, Jorg Schumacher, Managing Director of Frankfurt Hahn Airport said:

    'This is a milestone in the development of Frankfurt Hahn Airport. This is
    all the more a milestone considering that the decision is made at a time
    when other airlines are forced to reduce their number of flights or even
    discontinue flight operations to some extent.

    'With Ryanair, we are able to obtain an airline for our airport for which
    all experts are currently forecasting outstanding prospects for the
    future. Hahn has thus established itself as the leading low-cost airport
    in Germany'

ENDS.                    Thursday, 22nd November 2001

For further information
please contact.     Michael O'Leary, Ryanair - Tel. [phone]

                    Pauline McAlester, Murray Consultants - Tel. [phone]


    Ryanair is Europe's largest low fares airline with 63 low fare routes
    across 12 countries. Ryanair has a fleet of 36 Boeing 737's, and firm
    orders for up to a further 13 new 737-800's which will be delivered over
    the next 2 years. Ryanair currently employs a team of 1,600 people and
    will carry over 9 million scheduled passengers in the current year.
    www.RYANAIR.COM was launched in January 2000 and is already Europe's
    largest travel website.