Ryanair Signs Agreement to Buy 175 B737-800s

Ryanair today (19^th March) signed an agreement with the Boeing to purchase 175 new next generation B737-800 aircraft. When finalised, the deal will be worth nearly $15.6 billion at current list prices, and will allow Ryanair to increase its fleet to more than 400 aircraft, serving more than 100 million passengers per year across Europe by the end of the delivery stream in 2018.

On 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. Approximately 75 of the new aircraft will replace some of Ryanair’s existing fleet of 305 Boeing 737s.