The president analyses the airline's 5 billion euro investment plan in Spain with the CEO of Ryanair

President's News - 2024.1.12

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Moncloa Palace, Madrid

During the meeting, which was also attended by the Minister of Transport and Sustainable Mobility, Óscar Puente, the CEO of the Irish airline detailed the company's 5 billion euro investment plan in Spain for the next seven years.

The President of the Government of Spain stressed the importance of the airline's commitment to Spain, a reflection of the stability and potential of the Spanish economy, as well as the confidence it inspires in international markets and investors. It also supports the strengthening of a key sector such as tourism, which by the end of 2023 was already pointing to record figures.

The airline's investment plan in Spain envisages increasing the current 55 million passengers to 77 million, increasing the number of routes from 730 to more than a thousand by 2030, basing 33 new aircraft - more sustainable as they emit 20% less CO2 - and opening five new bases.

At the meeting, the president of the Government of Spain and the CEO of Ryanair agreed to work on strengthening regional airports. The development of this type of airport, with an increase in air traffic, will boost territorial development and economic activity in the area.

Ryanair has around 6,500 employees in Spain and is the leader in terms of number of passengers carried, as well as operating more than 700 routes from Spain to 29 countries. In the domestic market it operates 82 routes.

Non official translation