Ryanair inks $9.1 billion deal with Boeing

Boeing has announced that Ryanair has placed a $9.1 billion order for 100 Boeing Next-Generation 737-800 aeroplanes.

Boeing today announced that Ryanair, Europe’s largest low-fare airline, has ordered 100 Boeing Next-Generation 737-800 aeroplanes. It is said to be the largest-ever single firm order for Next-Generation 737s. Ryanair, which is an all-Boeing operator, also signed for 50 options.

The catalogue value of the order plus options is $9.1 billion. The 100 new 737-800s are scheduled to deliver to Dublin, Ireland-based Ryanair beginning in 2002 and continuing through 2010.

‘We have found through experience that the 737 provides the unbeatable cost economies and reliability you need to run a profitable low-fare airline,’ said Michael O’Leary, Ryanair chief executive.

Since Ryanair converted to a low-fare model in 1991, it has turned a profit yearly, with traffic growing by about 25 percent each year. Ryanair now is the most profitable carrier in Europe.

Ryanair will use the new aeroplanes to support a network that currently carries more than 10 million passengers on 64 routes and serves 12 European countries.

The digitally redesigned Next-Generation 737 is said to be the newest and most technologically advanced aeroplane in the single aisle market.

Outfitted with a new wing and more powerful engines, the new 737s can fly higher, faster and farther than previous models and the competition. In addition, the Next-Generation 737 flight deck features the latest liquid crystal flat panel displays and is designed to accommodate new communications and flight management capabilities.

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