Wednesday April 1, 2020

Ryanair's $15.6bn flight plan

Joe Gill, an adviser to Ryanair, explains why the airline's new 175-aircraft deal with Boeing is just part of an ambitious expansion programme.

24th March, 2013
Michael O'Leary of Ryanair, left, and Boeing president and chief executive Ray Conner announce the commitment by Ryanair to order 175 Boeing 737-800 aircraft, worth $15.6 billion, at a press conference in New York last week. Photo: Getty

Last Tuesday, Ryanair signed the largest industrial order of any Irish company in the history of the Republic. By agreeing a $15.6 billion deal with Boeing for 175 new jets, Europe's largest low-cost carrier made a statement of intent. Despite a severe economic recession, and in a European economy riven by a dysfunctional financial system, such a huge investment decision reflects a high degree of confidence and financial strength with this Irish airline.

The airline industry backdrop...

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