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RYANAIR has launched a new groups and corporate travel service as the airline targets new markets in a drive for passenger growth.

Customers can now access a groups section on the home page of the new Ryanair website, which will be followed by a new business product (to be unveiled in the coming weeks) with flexible tickets, reserved seating and fast-track through selected airports.

The airline said its entry into these markets will significantly lower business and group travellers' costs of travel.

Ryanair added that its groups facility should be of particular interest to schools, sports clubs and large party organisers.