Ryanair Expansion in Budapest Hinges on Court Decision, Says CEO
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Michael O'Leary, the CEO of Ryanair, on Tuesday said the Irish low-fare carrier would expand its base in Budapest and add more flights if a court decides in its favor in a tax dispute, according to a report by news agency MTI.
At a press conference in the Hungarian capital, O'Leary said the country's Constitutional Court could issue a ruling in the windfall profit tax case in June. Passenger numbers on Ryanair's Budapest flights could rise to an annual 6 million if the decision is favorable, he added.
This year, passenger numbers on Ryanair's Budapest flights could reach 4 mln, preserving its 32% market share.
The airline has 500 flights a week on its summer timetable for Budapest.
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