Ryanair Orders 150 Planes From Boeing
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Ryanair Holdings ordered 150 planes from Boeing Co. worth $9.1 billion as Europe’s largest low-fare carrier aims to grow 25% a year and take market share from British Airways and Deutsche Lufthansa.
The Irish airline placed a firm order for 100 planes and took options for 50 more in the biggest order for Boeing 737-800s. The planes are set for delivery between 2002 and 2010, and the carrier said it had more than $613 million in cash to help fund the purchase.
Ryanair shares fell 33 cents to close at $31.30 on Nasdaq. Boeing shares rose 67 cents, or 1.7%, to $40 on the NYSE.
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