Ryanair hints at flights beyond EuropePosted: July 29, 2014
Ryanair has hinted that it might start offering routes beyond Europe following a potential deal with the Cypriot government.
The Telegraph has reported that the airline could use the country as a base from which to offer services to the Middle East and Russia.
The airline has said it would be “very interested” in expanding in southern Europe while it has also entered a non-binding expression of interest in buying Cyprus Airways which has been put up for sale following years of heavy losses.
However, chief executive Michael O’Leary has said the expression of interest was only made at the government’s request and instead it is believed the interest comes as discussions are held over offering Ryanair a license to offer low-cost flights from Cyprus to the Middle East and further afield.
The news comes following yesterday’s announcement by the airline that it is upping its full-year profit guidance having reported first-quarter net profits of €197 million, a year-on-year increase of 152%.
Sourced from TTG Digital