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RYANAIR ANNOUNCES ITS SECOND CONTINENTAL EUROPEAN BASE
TEN ROUTES FROM FRANKFURT HAHN

Ryanair, Europe's largest low fares airline today 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)

(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 (table by Ryanair)

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 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"