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Ryanair exercises options on five Boeing 737s

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Monday, June 13, 2005

Irish low cost airline, Ryanair, announced today that it is exercising its options with Boeing to purchase five new 737 aircraft. This brings Ryanair's total number of outstanding orders with the US manufacturer to 230.

The new planes, which come from the 737-800 range, will be fitted with blended winglets to boost fuel efficiency by as much as 3%. Ryanair CEO, Michael O'Leary, justified his choice of Boeing by saying, "The Boeing 737-800 has the best technical reliability and ensures that Ryanair is the number one on-time major airline in Europe"..."In addition, it has the lowest unit operating cost. The addition of these five aircraft will continue to enable us to develop more new routes across Europe and bring low fares to many more European consumers."

Ryanair is the world's most profitable airline, having reported record profits of €269m earlier this year, and is pursuing an aggressive expansion plan which will see it's total number of passengers jump to 70m over the next few years. At present Ryanair has 91 aircraft and 230 on order.


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This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.

The text of this article has been released into the public domain. In the event that this is not legally possible, this article may be used for any purpose, without any condition, unless such conditions are required by law. This applies worldwide. Copyright terms on images, however, may vary, so please check individual image pages prior to duplication.
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