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Ryanair to set up second German base

Ryanair is to set up its 17th European base in Bremen, its second hub in Germany. The airline has bought a low cost terminal facility at the airport for $10m after an EU tender process.

From April next year, Ryanair will base three Boeing 737-800 planes in the German city and start nine new routes. The airline says its total investment in the base will be $210m.

Ryanair chief executive Michael O'Leary said there were 13 million people living in the Bremen catchment area. The airline says the move will deliver one million passengers a year.

Ryanair shares closed three cent lower at €7.82 in Dublin this evening.