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...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago