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Ryanair buys £1 bln of new planes

Budget airline Ryanair is to buy 27 new planes in an order worth nearly £1 billion ($1.97 billion).

The purchase of 27 more Boeing 737-800s, to be delivered in 2009-10, means the Irish carrier's total fleet will be 262 by 2012. Ryanair said the planes would be fitted with fuel-burn reducing and carbon dioxide-reducing features that would „strengthen our position as Europe's cheapest, greenest and cleanest airline”. Ryanair's CFO and deputy chief executive Howard Millar said: „Ryanair guarantees passengers that they will not find a cheaper fare with any other airline on any of its 487 routes.”

„The combination of the lowest per-seat operating cost and the reliability of these Boeing 737-800s will benefit millions of additional passengers in the coming five years as we extend our route network and our guaranteed lowest fares.” He added that Ryanair was celebrating the plane deal by cutting £20 ($39.5) off all return fares in an offer that lasts for one week. Marlin Dailey, Boeing's vice president of sales for Europe, Russia and Central Asia, said: „The 737-800 continues to demonstrate its exceptional suitability for the low-fare business model. It consistently generates more revenue and more profit through industry-leading reliability and higher utilization.” (