STN : 10-year agreement

http://www.businessworld.ie/livenews.htm?a=3096911;s=rollingnews.htm

Ryanair and Manchester Airport Group (MAG) today said they had concluded a 10 year growth agreement at London Stansted Airport, which will see Ryanair traffic rise from 13.2m passengers in 2012 to over 20m a year in return for a package of lower costs and more efficient facilities at Stansted.

Ryanair expects its Stansted traffic in year 1 of this 10-year deal to grow from 13.2m to over 14.5m.
It has today released its Stansted summer 2014 schedule, with a total of 120 routes, including 4 new routes to Bordeaux, Dortmund, Lisbon and Rabat in Morocco. This will feature 43 based aircraft in Stansted (up from 37); 120 routes (up from 116); and over 2,000 weekly flights (up from 1,800).

http://www.irishexaminer.com/business/ryanair-agrees-deal-with-stansted-243275.html


A few interesting announcements in this article :

- MAG agreed to trim a 6% increase in landing charges inherited with the £1.5bn (€1.8bn) takeover from BAA Ltd in February.

- Ryanair will support MAG’s efforts to draw long-haul airlines to Stansted, Mr O’Leary said. “The most obvious thing would be where long-haul passengers can connect in some way into our flights.”

- Ryanair may also start working with travel agents after eschewing such arrangements to avoid complexity and costs, Mr O’Leary said. The foray would be limited and avoid expensive booking systems used by other carriers.

- the policy changes, along with a plan to update the airline’s website, come after Ryanair said earlier this month that it may miss its annual profit target after competition depressed ticket prices and a heatwave in Europe hit bookings.

Fine and exciting perspectives ahead !