Ryanair to open two new Spanish bases
06.08.07
Ryanair is to establish two new Spanish bases in Valencia and Alicante, the Financial Times reports. The Irish airline is thought to be close to finalising deals in both cities, the newspaper adds.
Ryanair has the broadest spread of operations across Europe of any airline, with 20 bases in eight countries. It already has a base in Barcelona-Girona, with nine aircraft and 49 routes, and opened another in Madrid in November, which has five aircraft and 15 routes to date. Its Spanish network was forecast to rise to have 9 million passengers this year, including the Madrid base.
Ryanair's move will intensify the battle for the Spanish market, the main focus for the expansion of low-cost carriers in Europe after the UK and Germany, the FT said. The competitiveness of the market was underlined last week when low-cost carrier Vueling Airlines SA issued a profit warning and revealled that its average fares had declined by 23.4 percent compared to a year earlier.
Rival easyJet opened its first base in Spain in February at Madrid Barajas airport.
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