Stobart Group Limited London Southend Airport agreement with Ryanair (2676R)
13 Giugno 2018 - 12:00PM
UK Regulatory
TIDMSTOB
RNS Number : 2676R
Stobart Group Limited
13 June 2018
13 June 2018
Stobart Group Limited
("Stobart Group" or the "Company")
London Southend Airport announces five-year agreement with
Ryanair
Stobart Group, which invests in, owns and operates
infrastructure assets, is pleased to announce a new partnership
with leading low-cost airline Ryanair, listed on the London Stock
Exchange as Ryanair Holdings plc.
This five-year agreement, extendable to ten, and agreed on our
standard commercial terms, will see Ryanair make a $300 million
investment by opening a new base at London Southend Airport. As a
result, Ryanair will operate three planes out of Stobart Group's
London Southend Airport from Summer 2019, providing 13 routes to
eight European countries, and will include six new
destinations.
Destinations will include Alicante, Barcelona Reus, Bilbao,
Brest, Corfu, Cluj, Dublin, Faro, Kosice, Malaga, Milan Bergamo,
Palma and Venice.
Ryanair will operate over 55 weekly flights, creating 750
"on-site" jobs per year. This agreement will enable the airport to
welcome at least one million additional passengers in the first
year and in excess of five million in the first five years.
David O'Brien, Chief Commercial Officer of Ryanair, said: "We
are pleased to add London Southend Airport to our UK base network.
Ryanair guests travelling to and from London and the Essex area can
now enjoy low fares on a choice of 13 routes through London
Southend's exceptionally passenger friendly terminal.
"Southend Airport's train station will deliver direct services
from the terminal to London Liverpool St and also the new Crossrail
service (opening in 2019), making the airport even more accessible
from all parts of London."
Warwick Brady, CEO of Stobart Group, said: "We are delighted to
welcome Ryanair, Europe's favourite airline, and its customers to
London Southend Airport. It is now the UK's fasting growing airport
following a 29% increase in passenger numbers over the last
year.
"Passengers are increasingly turning to London Southend Airport
amid the capacity crisis found elsewhere in the capital, where
holidaymakers and business travellers face frustration from
overcrowded airports.
"In contrast, London Southend Airport offers an excellent,
efficient passenger experience, and we are delighted that this is
becoming increasingly recognised, demonstrated by the tremendous
momentum within our Aviation division.
"We have a clear and focused strategy to grow our airport in
order to welcome five million passengers a year by 2022. This
long-term partnership agreement with a leading airline such as
Ryanair will help us achieve that aim. Since joining Stobart Group
over 12 months ago I have been working closely alongside the team
at London Southend Airport to secure a major airline that will
allow us to deliver on our growth targets. This agreement
demonstrates that we now have the right team, skill set and
strategy in place to deliver on our stated ambitions."
Enquiries:
Stobart Group Limited C/o Redleaf Communications
Warwick Brady, Chief Executive Officer
Redleaf Communications +44 20 7382 4730
Charlie Geller Stobart@redleafpr.com
Robin Tozer
Notes to Editors
About London Southend Airport
London Southend Airport is an established airport serving
business and leisure passengers flying across Europe. The airport
has a dedicated railway station, with up to eight train services an
hour offering direct links to London Liverpool Street (51 minutes).
Once here, passengers can typically go from plane to train in 15
minutes, with the airport just 100 paces from the train station. We
offer an average 5-minute check in with passengers spending three
minutes going through security on average.
About the Ryanair route destinations
13 new routes: Alicante (5 weekly), Barcelona Reus (2 weekly),
Bilbao (4 weekly), Brest (2 weekly), Corfu (2 weekly), Cluj (3
weekly), Dublin (2 daily), Faro (5 weekly), Kosice (3 weekly),
Malaga (5 weekly), Milan Bergamo (4 weekly), Palma (4 weekly) &
Venice (4 weekly).
About Stobart Group
Stobart Group is one of the UK's leading infrastructure and
support service businesses operating in the renewable energy,
aviation and rail and civil engineering sectors, and has
investments in a national property and logistics portfolio.
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END
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