Ryanair to compete against Lufthansa out of Frankfurt

• Ryanair (NASDAQ:RYAAY) announces it will start service from Frankfurt Airport in the summer of 2017.
• The airline anticipates flying 400K passengers a years out of Frankfurt to tourist destinations in Portugal and Spain.
• The company will invest $200M to base aircraft at the German airport.
• The development is seen as a competitive pressure for Lufthansa (OTCQX:DLAKF, OTCQX:DLAKY).