Ryanair to give $15.6 billion for 175 Boeing 737
The deal will allow Ryanair to grow its airline to more than 400 airplanes, serving more than 100 million passengers per year across Europe by the end of the delivery stream in 2018. Upon approval by Ryanair's shareholders, the purchase will become Boeing's largest deal to date in 2013 and will be the largest ever aircraft order from a European airline.
"Ryanair is pleased to sign this agreement with Boeing to purchase 175 new 737-800 jets, which will expand our fleet to over 400 units, creating over 3,000 new jobs for pilots, cabin crew and engineers, while allowing us to grow our low-cost airline service by about 5 percent per annum over the next several years and take our traffic to 100 million passengers by March 2019," said Ryanair CEO Michael O'Leary.
These Boeing airplanes will create more than 3,000 new jobs for pilots, cabin crew and engineers at Ryanair's growing number of aircraft bases across Europe. Approximately 75 of these new aircraft will replace some of Ryanair's existing fleet of 305 Boeing 737s. These airplanes will allow Ryanair to grow its low-cost airline service by about 5 percent per annum over the next several years, taking Ryanair's traffic to over 100 million passengers by March 2019.
"This purchase agreement is an amazing testament to the value that the Next Generation 737 brings to Ryanair. We are pleased that the Next-Generation 737, as the most efficient, most reliable large single-aisle airplane flying today, has been and will continue to be the cornerstone of the Ryanair fleet," said Boeing Commercial Airplanes president and CEO Ray Conner. ■