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Ryanair could shift up to 20 planes to Ukraine in next three years

DUBLIN (Reuters) - Ryanair could base up to 20 planes in Ukraine over the next few years if Russia does not invade and if airports there offer attractive enough deals, Group Chief...
Ryanair could shift up to 20 planes to Ukraine in next three years © Reuters. FILE PHOTO: Ryanair Chief Executive Michael O'Leary speaks during an interview with Reuters at the Ryanair headquarters in Dublin, Ireland September 16, 2021. REUTERS/Clodagh Kilcoyne

DUBLIN (Reuters) - Ryanair could base up to 20 planes in Ukraine over the next few years if Russia does not invade and if airports there offer attractive enough deals, Group Chief Executive Michael O'Leary said on Monday.

Ryanair has repeatedly said it considers Ukraine as potentially a major growth market and O'Leary said that while the airline was monitoring tensions with Russia it had not changed its plans to boost capacity there.

"We remain committed to Ukraine. As long as Ukraine is looking westward there are huge ... flows of people travelling to and from Ukraine working in central and eastern Europe," he said.

"If it is not invaded by Russia, it is a country where we would expect to open a couple of bases .. some time in the next two or three years subject to agreements on costs," he said.

Ryanair's new routes team made their third or fourth visit to Ukraine in January, he said, but Ukrainian authorities were not in a position to discuss new routes and bases "as they were somewhat otherwise distracted."

"We hope the situation in Ukraine gets resolved diplomatically. And if it is, it remains a very exciting growth opportunity for us," he said.

If the offers are good enough, Ryanair could deploy 15-20 aircraft across up to five airport bases over the next two or three years, O'Leary said.

Ryanair is relatively agnostic about where it bases its planes so long as it gets the best prices, he added.

"Our growth will always be opportunistic. It's not some Napoleonic invasion of Russia here. Whoever comes up with the best deals will get the next four or five aircraft."

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01-05-2024 10:45:17 (UTC+7)

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
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SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
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