"Ryanair Says Plans Second Dublin Terminal"

Friday, November 1, 2002

Ryanair Says Plans Second Dublin Terminal
Dow Jones News


LONDON -(Dow Jones)- Ryanair Holdings PLC Friday unveiled its plans for
an independent second competing terminal at Dublin Airport. 

The proposed facility, to be known as T2 will cost EUR114 million to
develop and can handle up to 10 million passengers per annum, almost
doubling the capacity of Dublin Airport, the company said. 

Ryanair's plans also allow for the development of two multi-storey
short-term carparks and two new international hotels. 

The new T2 will provide 36 new terminal served stands compared with the
current 30 in the three piers at Dublin Airport. 

Ryanair said it has submitted a detailed design proposal (including
plans and financing) for the building to the Minister for Transport,
Seamus Brennan. 

The airline has confirmed that the facility can be made available by
2004, if the Government give the go ahead for tenders to proceed by the
end of 2002. 

Ryanair said that whilst it is prepared to build and fund this facility,
it has no particular interest in either owning, developing or operating
it. 

This new T2 facility has been reviewed and approved by over ten
international airport operators, all of whom have confirmed that they
would be willing to build and operate this facility and make it
available to all airlines at Dublin Airport as a low cost, quick
turnaround terminal building, the company said. 

Ryanair have also confirmed to Minister Brennan that should the
Government proceed with this development then Ryanair will commit to
doubling the number of aircraft based in Dublin to 20, to more than
doubling the passenger numbers Ryanair delivers at Dublin Airport (from
4 to 8 million passengers). 

Ryanair said that from research prepared by University College Dublin,
it is estimated that this investment alone would result in the creation
of 16,000 additional jobs both directly at Dublin Airport and indirectly
in Ireland's wider tourism industry. 

Ryanair said its proposals for this second terminal have received the
support of other existing airport users at Dublin including Aer Lingus,
FLS Aerospace (on whose land the facility will be developed), and also
Jurys Doyle Hotels plc and the O'Callaghan Group Hotels. 

Ryanair said it has asked the Government to allow the McEvaddy brothers
to develop a third competing terminal development on the Hunstown lands
at Dublin Airport and also to permit the construction of a fourth
terminal in due course.

Chief Executive, Michael O'Leary said: "If approved Ryanair will respond
with the largest single investment in Irish tourism by placing up to 20
new 737-800 series aircraft here in Dublin (at a cost of over $1
billion), and opening up a wide range of new low fare routes between
Ireland and Continental Europe and creating upwards of 16,000 new jobs
in the Irish economy. 

"Ryanair have been approached by over 15 interested parties, all of them
keen to join with us in developing and running Terminal 2. Terminal 2
can be operational by 2004, but only if the Government allow the
development to proceed by the end of the current year".


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