$500 million option

News

Boeing and Ryanair announced today that the airline has ordered an additional nine new Next-Generation 737-800s, exercising options from a previous agreement.

and

, Europe's largest low-fare carrier, announced that the airline has ordered an additional nine new Next-Generation 737-800s, exercising options from a previous agreement.

The deal is valued at upwards of $500 million at list prices.

Five airplanes will replace 737-800s in Ryanair's current fleet that were delivered in 1999. Four will be used to accommodate the airline's continued growth into new markets. Deliveries will begin in September 2007.

Ryanair operates 92 Boeing Next-Generation and Classic 737s. With today's announcement, it now has 239 737s on firm order with an additional 179 options.

The new 737-800s will be fitted with Blended Winglets, which Boeing says will improve fuel efficiency by up to three percent on Ryanair's network, increase range and reduce takeoff noise.

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