Ryanair places £10bn order with Boeing

Suzie Neuwirth

BUDGET airline Ryanair today finalised a $15.6bn (£10bn) order with aircraft manufacturer Boeing at the Paris Air Show.

The deal, which was originally feted in March, is Boeing’s largest ever aircraft order from a European airline.

The 175 new Boeing aircraft will create over 3,000 jobs at Ryanair.

Meanwhile, European manufacturer Airbus announced a $7.2bn deal to supply 25 planes to Air France-KLM.

Airbus also clinched two deals to supply planes to SriLankan Airlines totalling $2.6bn.

“Ryanair is proud to buy Boeing, who make great aircraft and the 737-800 has been the foundation of Ryanair's recent successful growth due to its great engineering and phenomenal reliability,” said chief executive Michael O’Leary.

“These 175 new airplanes will enable us to lower costs and airfares even further, thereby widening Ryanair's price leadership over all other airlines in Europe.

“They provide Ryanair with the additional capacity to exploit substantial growth opportunities that now exist as many of Europe's flag and regional airlines are restructuring and are reducing their short-haul operations.”