Ryanair, Boeing complete purchase agreement for 175 737-800S

Ryanair signed an agreement with Boeing to purchase 175 new Next Generation 737-800 airplanes. When finalised, the deal will be worth nearly $15.6bn at current list prices, and 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. 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, but the remainder will drive new growth of Ryanair’s fleet of young, highly efficient airplanes. These airplanes will allow Ryanair to grow its low-cost airline service by about 5% per annum over the next several years, taking Ryanair’s traffic to over 100 million passengers by March 2019. The airplanes will be powered by CFM56-7BE-engines.