Ryanair May Start Flying to Georgia in 2011, Economy Minister Kobalia Says

Ryanair Holdings Plc, Europe’s largest discount airline, may start flying to Georgia next summer, Minister of Economy and Sustainable Development Vera Kobalia said today.

Ryanair is willing to introduce services to the former Soviet republic after Georgia completes building several new airports, Kobalia said in televised comments broadcast today on Rustavi 2. Ryanair may sell tickets for as little as 1 euro, with standard prices reaching about 50 euros, she said.

President Mikheil Saakashvili said today that the government is willing to spend millions of lari to revamp airports and build new ones nationwide.

“Ryanair has a policy of never commenting on rumor or speculation as Ryanair is in discussion with over 50 airports on an ongoing basis in relation to potential route development,” the Dublin-based carrier’s said in an e-mail statement via its public relations firm.

Ryanair rose 1.3 percent to 3.90 euros at 1:33 p.m. in Dublin, valuing the airline at 5.8 billion euros ($7.4 billion).

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