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Ryanair intends to invest around $1,5 billion in Ukraine

The company plans to increase the number of passengers in Ukraine up to 5 million in the coming 3-5 years
15:18, 20 November 2018

The President of Ukraine Petro Poroshenko and Ryanair commercial director David O’Brien
Presidential Administration press office

Irish air carrier Ryanair intends to invest around $1,5 billion in Ukraine within the next five years, increase the fleet to 15 planes, and the annual ridership to 5,000 000 people, as David O’Brien, Ryanair commercial director, said at the meeting with Ukraine’s President Petro Poroshenko, the President’s press office reports.

“The company plans to increase the number of passengers in Ukraine up to 5 million in the coming 3-5 years. He announced the decision of the company to invest 1.5 billion dollars in the Ukrainian direction, which will enable to increase the fleet of aircrafts and use Ukraine as the basis for international flights of the airline,” the message says.

Related: Ryanair cancels 250 flights due to strike

O’Brien also said that the barriers for increasing the number of passengers are not in Ukraine, “but in the protectionist policy of certain European countries, in particular Germany, France, Italy, and Belgium.”

"After these barriers are removed, we will be able to increase the number of flights and passengers to Ukraine," the commercial director expressed hope.

Related: Ryanair flight attendants warn about another strike, 190 flights canceled

President Poroshenko stressed that he completely supports Ryanair plans in Ukraine and considers them an important element in the integration with the European Union.

“The President thanked the leadership of Ryanair for the intensive development of cooperation, as well as for maintaining a high level of competition, which forces airlines from Germany, Poland, Great Britain to think about lowering ticket prices, improving services in order to compete with Ryanair for Ukrainian citizens,” the press office informs.

Related: Ryanair to launch flights from Kherson, - Ukraine’s Infrastructure Ministry

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