Boeing, Ryanair Announce Order for 10 Next-Generation 737s

Seattle (BOEING) - Boeing [NYSE: BA] has logged 10 more orders for its popular Next-Generation 737-800 from Ryanair, Europe's largest and most profitable low-cost carrier.

The order, valued at $705 million at list prices, stems from options contained in a previous purchase contract. Deliveries for this order begin in 2008. The order was previously accounted for on Boeing's Orders and Deliveries website and attributed to an unidentified customer.

The airplanes will be fitted with Blended Winglets, which reduce drag and improve fuel efficiency by 3 to 5 percent.

Ryanair recently completed its Boeing 737-200 replacement program, and today operates one of the youngest aircraft fleets in Europe, composed entirely of 737-800s.

"The outstanding reliability and lowest operating costs of Boeing's 737-800 aircraft lie at the heart of Ryanair's ability to deliver Europe's lowest fares and best punctuality to our passengers," said Michael O'Leary, CEO of Ryanair. "We are delighted to be buying a further 10 Boeing 737-800s that will allow us to bring even more low fares with a no-fuel-surcharge guarantee to the people of Europe."

Boeing and Ryanair celebrated the delivery of Ryanair's 100th Next-Generation 737 in March. Ryanair is the largest European operator of 737s, and second in the world after Southwest Airlines.

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