Ryanair exercises options on five Boeing 737s
{{date|June 13, 2005}}<br>
[[File:Ryanairlogo.png|right]]
[[Ireland|Irish]] low cost airline, [[w:Ryanair|Ryanair]], announced today that it is exercising its options with [[w:Boeing|Boeing]] to purchase five new 737 aircraft. This brings Ryanair's total number of outstanding orders with the US manufacturer to 230.

The new planes, which come from the 737-800 range, will be fitted with blended [[w:Winglet|winglets]] to boost fuel efficiency by as much as 3%. Ryanair [[w:CEO|CEO]], [[w:Michael O'Leary|Michael O'Leary]], justified his choice of Boeing by saying, "The [[w:Boeing 737-800|Boeing 737-800]] has the best technical reliability and ensures that Ryanair is the number one on-time major airline in Europe"..."In addition, it has the lowest unit operating cost. The addition of these five aircraft will continue to enable us to develop more new routes across Europe and bring low fares to many more [[Europe]]an consumers."

Ryanair is the world's most profitable airline, having reported record profits of €269m earlier this year, and is pursuing an aggressive expansion plan which will see it's total number of passengers jump to 70m over the next few years. At present Ryanair has 91 aircraft and 230 on order.

{{haveyoursay}}
== Related news ==
*{{Wikinews|title=Ryanair passenger numbers up 34%|date=June 3, 2005}}
*{{Wikinews|title=Ryanair profits jump 19% to €268.9m|date=May 31, 2005}}
*{{Wikinews|title=Low fares airline, Ryanair celebrates twenty years in business|date=May 28, 2005}}

== Sources ==
*{{source|url=http://www.ryanair.com/site/EN/news.php?yr=05&month=jun&story=gen-en-130605| title=Press Release | author= |pub=Ryanair.com|date=June 13, 2005}}
*{{source|url=http://www.businessweek.com/ap/financialnews/D8AMR4O80.htm?campaign_id=apn_home_down| title=Boeing: Ryanair exercises 737 options | author= |pub=Business Week|date=June 13, 2005}}
*{{source|url=http://today.reuters.co.uk/news/newsArticle.aspx?type=businessNews&storyID=2005-06-13T074209Z_01_HO327715_RTRUKOC_0_AIRLINES-RYANAIR.xml| title=Ryanair says orders Boeing 737s worth $286 mln | author= |pub=Reuters|date=June 13, 2005}}
*{{source|url=http://www.forbes.com/markets/feeds/afx/2005/06/13/afx2088783.html| title=Ryanair exercises options to buy 5 Boeing 737-800's valued at 286 mln usd | author= |pub=Forbes|date=June 13, 2005}}

== External links ==
*[http://www.ryanair.com/site/EN/ Ryanair.com] - Official website
*[http://www.sharewatch.com/headerstatic.php?category=iseqstatic RYA] - ISE stock quote
*[http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=RYAAY&sid=0&o_symb=RYAAY&x=0&y=0 RYAAY] - Nasdaq stock quote

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[[Category:Europe]]
[[Category:Ireland]]
[[Category:Economy and business]]
[[Category:Transport]]
[[Category:Aviation]]
[[Category:Boeing]]
[[Category:Ryanair]]
right
Irish low cost airline, Ryanair, announced today that it is exercising its options with Boeing to purchase five new 737 aircraft. This brings Ryanair's total number of outstanding orders with the US manufacturer to 230.

The new planes, which come from the 737-800 range, will be fitted with blended winglets to boost fuel efficiency by as much as 3%. Ryanair CEO, Michael O'Leary, justified his choice of Boeing by saying, "The Boeing 737-800 has the best technical reliability and ensures that Ryanair is the number one on-time major airline in Europe"..."In addition, it has the lowest unit operating cost. The addition of these five aircraft will continue to enable us to develop more new routes across Europe and bring low fares to many more European consumers."

Ryanair is the world's most profitable airline, having reported record profits of €269m earlier this year, and is pursuing an aggressive expansion plan which will see it's total number of passengers jump to 70m over the next few years. At present Ryanair has 91 aircraft and 230 on order.
Europe Ireland Economy and business Transport Aviation Boeing Ryanair