Agreement with Morocco
Ryanair Holdings PLC
25 May 2006
RYANAIR ANNOUNCES LONG TERM AGREEMENT
WITH THE GOVERNMENT OF MOROCCO
Ryanair, Europe's leading low fares airline, today (Thursday, 25th May 2006)
announced the completion of a five year agreement with the Government of Morocco
to develop low cost air access and tourism to the country from Ryanair's bases
throughout Europe. The announcement marks the culmination of discussions between
the airline and the Government which have taken place over the last six months
and reflects the Moroccan Government's policy of encouraging significant growth
in its tourism industry as well as providing low cost access for its citizens
for business and leisure purposes. The agreement covers most of the regional
airports in Morocco and involves the commitment by Ryanair to develop up to 20
routes delivering almost 1 million passengers per annum by the end of the five
year period.
Announcing the agreement in Rabat today, Ryanair's Deputy Chief Executive,
Michael Cawley said:
'We are delighted to make this joint announcement with the Government of
Morocco. This represents a singularly important initiative in the
development of tourism and business for the country. The Government has
recognised that low cost air access is a growth vehicle for tourism
throughout Europe and by joining the Open Skies regime and embracing
Europe's leading low fares airline, the Government in Morocco has made a
clear statement about its intentions to develop its tourism industry in
the next five years.
'Ryanair's commitment to establish up to 20 routes and carry close to 1
million passengers per annum on flights to Morocco is a vote of
confidence by the airline in the excellence and attractiveness of
Morocco as a destination both for weekend breaks, mid-week trips and
longer holidays. Our low fares will also help ex-patriate Moroccans to
see their families more often and facilitate local businesses in
accessing markets with low fare routes including those already announced
to both Frankfurt and Marseille.
'Ryanair will be making many more new route announcements in Morocco
over the coming months and years as we build on the solid basis which
this long term agreement provides. I congratulate the Government of
Morocco on this initiative and look forward to working successfully with
it to develop its tourism and other business'.
Ends. Thursday, 25th May 2006
For further information:
Peter Sherrard - Ryanair Pauline McAlester - Murray Consultants
Tel: 00 353 1 812 1228 Tel: 00 353 1 4980 300
This information is provided by RNS
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