Monday 21 April 2014

Ryanair's St Patrick's Day €14bn Boeing deal

RYANAIR has agreed to buy 200 aircraft from Boeing in a €14bn deal set to be confirmed next week by Taoiseach Enda Kenny and US President Barack Obama.

The huge order placed with the US aircraft manufacturer will help Ryanair boost the number of passengers it carries every year from about 80 million to as many as 120 million.

Details of the order are due to be unveiled in the White House next week as Mr Obama welcomes the Taoiseach for belated St Patrick's Day celebrations. The announcement will provide a big boost for both leaders.

Mr Obama will be able to point to resurgent US manufacturing and an improving economy, while the Taoiseach will almost certainly play on Ireland's economic strengths.

Ryanair already has 305 Boeing aircraft in its fleet, but the two companies were at loggerheads since 2009 when a €10bn order was pulled by the airline.

A spokesman for the airline declined to comment yesterday.

Full Story

Irish Independent

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