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It is selling one-way tickets to Kuala Lumpur, Malaysia from ?99 – including taxes.
But everything else, including food and water on a 12-hour flight will have to be paid for, with meals costing between ?5 and ?7.50.
The airline plans to start operating five flights a week from Stansted in March.
Ryanair is also planning to set up a new carrier which would offer heavily discounted tickets to the United States.
Both are preparing to enter the market at a time when the aviation industry its biggest crisis since September 11.
At least two dozen carriers have collapsed including Zoom, Oasis, XL, Silverjet, MaxJet and Eos...
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