Aerospace and defense giant Boeing Co. (BA), and Ireland-based low cost carrier Ryanair Holdings Plc (RYAAY, RYA.L), Wednesday finalized a previously announced commitment for 175 Next-Generation 737-800 airplanes valued at $15.6 billion at list prices. This order is Boeing's largest aircraft order from a European Airline.
"...These 175 new airplanes will enable us to lower costs and airfares even further. 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..," said Michael O'Leary, president and CEO of Ryanair.
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