Ryanair: O’Leary, 2.5bn investment in Italy, first market

Building bonus, Riccardo Fraccaro (M5s):

Ryanair focuses on Italy, which “will become our first market this year, overtaking Spain and Great Britain”. This was stated by the CEO of Irish low cost Michael O’Leary announcing for the summer 25 new aircraft in our country, which will bring the fleet from 67 to 92, and 17 new routes from Rome, for an investment of 2.5 billion. The company then turns to the Draghi government, which asks for three measures (abolish the municipal surcharge for three years; remove the restrictions on Ciampino; suspend environmental taxes on short-haul flights in the EU) against which it says it is ready to invest another 2 billion.
Ryanair, on the other hand, does not intend to take the field to acquire Ita Airways. “I don’t think so. It’s so small now, the challenge for us is to grow in Italy. And if we try to buy Alitalia we will go against European competition rules”, explains Ryanair CEO Michael O’Leary, who imagines how it could go to to finish: “What will happen is that Lufthansa will buy Ita and all it will do is feed passengers from Italy to Frankfurt, Munich and it will be another Lufthansa subsidiary such as Brussels Airlines, Swiss or Austrian”.

Source: Ansa

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