RSS

The Bulletin

Budget airline Ryanair eyes purchase of 200 Boeing jets

Posting in Aerospace

Low-cost Irish airline Ryanair may soon sign off on a deal to buy at least 150, and up to 200, Boeing 737 passenger jets, Reuters reports.

The deal would give the carrier's existing fleet a serious upgrade and provide aerospace manufacturer Boeing with a financial foothold as it manages the fallout over 787 Dreamliner safety concerns. It also helps Boeing plug the gap in demand between now and 2017, when the next-generation 737 Max enters service.

It's no surprise the famously efficient carrier would act now; the penny-pinching airline known for its bargain fares and ubiquitous additional fees -- translation: laser focus on the relationship between supply, demand and market price -- is no doubt taking advantage of the dropping demand (and thus value) of the current generation 737 model.

The deal is expected to close sometime this year; no word on whether Ryanair will charge Boeing with a credit card fee upon closing the deal.

— By on January 23, 2013, 1:12 AM PST

Andrew Nusca

Editor Emeritus

Andrew Nusca is editor of SmartPlanet and an associate editor for ZDNet. Previously, he worked at Money, Men's Vogue and Popular Mechanics magazines. He holds degrees from the Columbia University Graduate School of Journalism and New York University. He is based in New York but resides in Philadelphia. Follow him on Twitter. Disclosure