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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