NEWS : Ryanair orders 100 737-800s

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Wow, bet this one draws a sigh of relief from Washington/Chicago.
Looks like RYRs threat of buying European paid off, I wonder what the REAL
price they are paying for their pigjets will be?

Jim

From Boeing.com:

LONDON, Jan. 24, 2002 - Boeing today announced that Ryanair, Europe's
largest low-fare airline, has ordered 100 Boeing Next-Generation 737-800
airplanes. It is the largest-ever single firm order for Next-Generation
737s. Ryanair, which is an all-Boeing operator, also signed for 50 options.

The catalog value of the order plus options is $9.1 billion. The 100 new
737-800s are scheduled to deliver to Dublin, Ireland-based Ryanair beginning
in 2002 and continuing through 2010.

"We have found through experience that the 737 provides the unbeatable cost
economies and reliability you need to run a profitable low-fare airline,"
said Michael O'Leary, Ryanair chief executive.

Since Ryanair converted to a low-fare model in 1991, it has turned a profit
yearly, with traffic growing by about 25 percent each year. Ryanair now is
the most profitable carrier in Europe.

"We patterned Ryanair after Southwest Airlines, the most consistently
profitable airline in the U.S.," O'Leary said. "Southwest founder Herb
Kelleher created a formula for success that works by flying only one type of
airplane - the 737, using smaller airports, providing no-frills service
on-board, selling tickets directly to customers and offering passengers the
lowest fares in the market. We have adapted his model for our marketplace
and are now setting the low-fare standard for Europe."

Ryanair will use the new airplanes to support a network that currently
carries more than 10 million passengers on 64 routes and serves 12 European
countries.

"This is a validation of the 737 as the airplane of choice for low-fare
airlines," said Toby Bright, executive vice president of Sales, Boeing
Commercial Airplanes. "From the earliest days of Southwest, the 737 showed
itself to be the airplane that could fit the model perfectly and is now
flown by profitable low-fare carriers the world over."

Bright added that the reliability of the 737 is a key factor in that success
and is especially important at Europe's congested airports where slot times
are limited.

"You leave on time or miss your slot, " he said. "The 737's reliability also
means operators can use an airplane for more flights on any given day,
giving passengers more departure time choices and airlines the opportunity
for more revenue."

The 737 has proven itself in service with every type of airline.

During 2000 and 2001, airline customers ordered 551 Next-Generation 737
jetliners. Of those, 100 airplanes have been ordered by new airline
customers.

"New airline customers clearly prefer the 737 and recognize its economic and
performance advantages," Bright said. "In the past two years, seven out of
10 airplanes in this market segment ordered by new airline customers have
been 737s. The remainder of orders has been for the Airbus A320 family."

Bright said the economic benefits and flexibility of the 737 are important
for new airlines that are growing their customer bases.

"The Next-Generation 737's commonality with previous models makes it easy
for airlines to integrate new 737s into existing fleets and find pilots,
mechanics and spare parts," Bright said.

The digitally redesigned Next-Generation 737 is the newest and most
technologically advanced airplane in the single aisle market. Outfitted with
a new wing and more powerful engines, the new 737s can fly higher, faster
and farther than previous models and the competition. In addition, the
Next-Generation 737 flight deck features the latest liquid crystal flat
panel displays and is designed to accommodate new communications and flight
management capabilities.

The 737 is powered by new CFM56-7 engines produced by CFMI, a joint venture
of General Electric of the United States and Snecma of France. The engines
meet community noise restrictions well below current Stage 3 limits and
below expected Stage 4 limits.

Airlines have purchased more 737s than any other commercial airplane in
history. To date, more than 5,000 737s have been ordered by 215 operators
worldwide.

Other facts about the Boeing 737:

*    On the average, about 1,100 737s are in the air at all times.
*    A 737 takes off somewhere in the world every 5.6 seconds.
*    The 737 fleet has carried more than 7 billion passengers.
*    The 737 fleet has flown more than 48.8 billion miles, the equivalent of
about 260 round trips from earth to the sun.

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