Sunday, April 26th9.5°C
26150
25546

A next generation order for Boeing

Ryanair has made the biggest-ever order of Boeing planes by a European airline, announcing Tuesday it will buy 175 aircraft in a major boost for the U.S. aerospace giant.

Neither side disclosed the purchase price for the 737-800s, but budget carrier Ryanair said it did negotiate a bulk discount off the total list price of $15.6 billion. Industry analysts said Ryanair almost certainly was paying less than half price, meaning a total bill below $8 billion, or $45 million per aircraft.

Ryanair Chief Executive Michael O'Leary and the head of Boeing's commercial airplanes division, Ray Conner, signed the agreement Tuesday in New York.

The deal was timed to coincide with Tuesday's visit by Irish Prime Minister Enda Kenny to Washington, D.C. to meet President Obama and senior American legislators for St. Patrick's Day-related events. Kenny plans to visit Seattle and Washington State, the base for Boeing operations in the Pacific Northwest, later this week.

The move also takes the sting away from Boeing's loss of a big order on Monday, when Indonesia's Lion Air gave Boeing rival Airbus an order for more than 200 single-aisle planes.

Ryanair already operates a fleet of 305 Boeing 737-800 Next Generation aircraft. It is Boeing's biggest European customer for the model, which launched in 1997 and faces global competition from the Airbus A320. Both are single-aisle aircraft with cabins that typically carry 150 to 200 passengers.

Boeing's primary 737 assembly line in Renton, Washington, faces a transition to building a newer model called the 737 MAX by 2017. Ryanair's order represents about a half-year of full-time work for the plant.

The Canadian Press


Read more Business News

25918


Recent Trending




Today's Market
S&P TSX15408.33+15.98
S&P CDNX697.70-1.78
DJIA18080.14+21.45
Nasdaq5092.08+36.02
S&P 5002117.69+4.76
CDN Dollar0.8224+0.0019
Gold1176.80+1.60
Oil55.50-0.88
Lumber258.50+3.90
Natural Gas2.472-0.059

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.010.00
QHR Technologies Inc1.38+0.00
Cantex0.035+0.005
Anavex Life Sciences0.43+0.01
Metalex Ventures0.095+0.000
Russel Metals27.16+0.41
Copper Mountain Mining1.15+0.06
Colorado Resources0.095+0.000
ReliaBrand Inc0.004-0.001
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.20+0.00
Decisive Dividend Corporation1.80+0.10

 





FEATURED Property
22671071990 Paly road
$672,711
more details
image2image2image2
Click here to feature your property
Please wait... loading


What's your score?

There was a time when we would sit down with nothing more than a sheet of paper and a sharp pencil to do the math. Totalling our expenses and subtracting our revenue, the amount left over was the answ...


Do you dare to dream?

Photo: Thinkstock.comI have never been able to understand why some people can only see as far ahead as the end of the current day. Instead of aiming for long term goals, they just wallow in their ever...


Calling on your help!

Has the internet flattened prices as predicted? Has the internet created opportunities for your business to find higher priced markets further afield? Is posting prices on your website a good thing o...

_



26069

26091


Member of BC Press Council


25692