Ryanair's ‘Buzz’ brings Belfast route closer

Ryanair could be operating from Belfast International Airport (BAI) following the announcement that it has bought over KLM's Buzz for €23.9 million – or just over £15 million.

Buzz currently operates a network of 21 routes from London Stansted to points in Germany, Holland, France and Spain, as well as two French domestic routes. Whilst the organisation of destinations has not yet been confirmed, it is believed that Ryanair has been in talks with BAI to set up a route to the city.

The acquisition of Buzz will allow Ryanair, say the company, to further expand at Stansted, London’s third main airport, and is a "timely strategic move".

Ryanair has said that the deal will be funded through cash reserves – which are said to be worth €1.05 billion – without any recourse to the markets.

According to the company statement: "The management believe that by applying Ryanair’s low fares/low cost formula, the traffic in Buzz can be increased this year from under 2 million to over 4 million passengers and the operating losses will be eliminated and profitability achieved."

The acquisition, which has been approved by the boards of KLM and Ryanair, is expected to be completed, subject to regulatory approval in April.

Ryanair say that they will "significantly rationalise" Buzz’s operations by closing a number of "high-cost unprofitable routes" and operating the remaining routes at increased frequency, lower fares and much lower costs.

Michael O’Leary, Chief Executive of Ryanair said: “The timing of this acquisition is opportunistic. Since Ryanair is growing strongly by rolling out our lowest fare services all over Europe, the last thing we need is the distraction of an acquisition. However there are a number of features of Buzz which makes this a favourable move at this time."


Related Northern Ireland News Stories
Click here for the latest headlines.

10 September 2018
Primark Building Covered By Insurance
The cost to replace the Primark store in Belfast which was destroyed in a fire will be covered by insurance, according to the retailer's owner Associated British Foods (AB Foods). The front of the building was being restored and refurbished at an estimated cost of £30 million, however it was destroyed in a blaze last month.
24 October 2018
Suspensions Lifted At Three NI Care Homes
Suspensions imposed on a care home firm at the centre of recent controversy have been lifted after inspectors found improvements at three of the residential facilities. Runwood Homes made headlines in June when the Northern Ireland Commissioner for Older People severely criticised care at the Dunmurry Manor care home.
13 August 2019
NIAS Operating With Reduced Crews
The Northern Ireland Ambulance Service operated with major staff shortages for a fourth consecutive night on Monday 12 August. Ambulance crews were revealed to have been down 20 crews over the weekend, roughly a quarter of its normal workforce, while operations continued last night with around 12 crews less than normal.
22 July 2019
Other News In Brief
Appeal As Man Reported Missing From Co Armagh Police have appealed for information as they track the whereabouts of a man reported missing from Lurgan, County Armagh. Emmet Turley has disappeared from his home on Victoria Street, and police say his family are growing increasingly concerned.
09 January 2019
Man Arrested As Police Intercept Drugs On Route To NI
A 45-year-old man has been arrested after a package destined for Northern Ireland containing £12,000 worth of cocaine was intercepted in London. The suspicious post led police to search a property in Enniskillen and arrest the suspect on Monday 07 January.