Airport News

Ryanair dismisses Stansted takeover rumours

Fri, 15 Aug, 2008

Ryanair has dismissed speculation that it is planning to buy London Stansted Airport.

Michael O'Leary, the chief executive of the carrier, said that rumours of a £2 billion bid for its biggest hub are not true.

At a news conference in Dublin, he stated: "We have no interest in acquiring airports, we will not be acquiring Stansted airport.

"But clearly we will be happy to work with anybody who buys it."

He clarified this by saying that Ryanair would advise the new owner how to build a second terminal for just £200 million and a runway for £150 million.

Ryanair once offered to build a second terminal at Stansted but was turned down by airport company BAA.

Over the past three months, Ryanair has carried more than 15 million passengers. In fact, the number of travellers flying with the budget carrier grew by 19 per cent in July when compared with the previous year.

Joe Evans

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