Wednesday, February 21, 2024

Ryanair will invest 122 million euros in Madrid for pilot training center

Ryanair will invest 122 million euros in Madrid, where it will expand Madrid Labs, will open a new hangar and build a new training center for pilots and cabin crew, within the company’s plan to invest 5,000 million euros in Spain until 2030.

The airline showed this in a press release, where it assured that it “depends on Madrid and Spain”, which is “shown” by this triple investment, which will start with 2 million euros to expand Madrid Labs.

Another 20 million euros will go to the new hangar and maintenance center, which will have seven warehouses and employ 200 workers who will support Ryanair’s operations in Barajas.

(Ryanair has criticized the increase in airport tax and Aena has responded that it will guarantee profits for its shareholders.)

Finally, the training center will receive an investment of 100 million euros and will open its doors in 2025. It will have two fixed-base simulators and four full-motion simulators, with a training capacity of up to 500 pilots and cabin crew every day. This facility will create 150 technical engineering and flight support jobs.

However, the airline stressed that, although it will continue to invest in Spain, it is disappointed by Aena’s proposal to increase airport rates by 4.09% starting in March, which is expected to be approved by the government.

The Irish ‘low cost’ points out that this decision “the agreed rate freeze until 2027 has been disrupted and previously established in all Spanish airports”, a measure that directly contributed to Ryanair’s rapid recovery after COVID.

Thus, they point out that Ryanair has a plan to grow by 40% to 77 million passengers in the next ten years, but to make this investment, the airline needs stability in airport fees.

Job attachment

The company argued that Aaena should make the gateway to Spain through its airports competitive to support the government’s policy of improving the connection between tourism and work.

Likewise, it announced two new routes from Madrid for summer 2024. Specifically, the company will operate direct flights to Verona (Italy) and Lisbon (Portugal).

In total, Ryanair’s Madrid schedule will offer 63 routes operated by 13 Boeing 737 aircraft. The company expects traffic to grow by 9%, up to 7 million passengers annually.

World Nation News Desk
World Nation News Desk
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