Ryanair invests $200 million and opens new base in Madeira

The low-cost airline continues to invest in Portugal and will open a new base in Madeira, with ten new destinations and 40 weekly flights.

Ryanair announced Tuesday it would invest $200 million in a new base in Madeira, which will have two based aircraft and ten new routes, which will link Madeira to mainland Portugal and six other European countries. With this investment, the company will create 60 direct jobs in the Madeira region.

The flights are expected to start next summer and the new routes are Brussels Charleroi, Dublin, London Stansted, Manchester, Marseille, Milan, Bergamo, Nuremberg, Paris Beauvais, Lisbon and Porto.

“Ryanair’s new base at Madeira represents its commitment to Portugal and further demonstrates Ryanair’s ability to rapidly rebuild Portugal’s tourism industry, with over 40 weekly flights across 10 new routes, including 5 exclusive routes, next Summer,” the airline announced in a statement.

According to Eddie Wilson, Ryanair CEO, “This $200 million investment will not only boost Portugal’s economy by driving vital tourism but will also create more than 60 direct jobs in the region and over 400 on-site jobs in Madeira.”

The company will also operate over 160 Portuguese routes next summer, to 15 countries.