Irish
budget airline Ryanair agreed to buy 100 aircraft from Boeing for $11 billion, with an option to purchase another 100 planes from the
aerospace giant, the companies announced Monday.
The order
covers the 737 Boeing MAX 200, which Boeing touts as a fuel-efficient vehicle
for the important single-aisle civilian market.
The planes
will accomodate up to 200 seats, up from the 160 in other single-aisle planes.
Ryanair
said the giant order will enable it to meet its growth targets, which calls for
it to expand from 82 million customers in 2014 to more than 150 million in
2024, which marks the end of the delivery stream of the planes under Monday's
order.
"It's
going to change the game for low-fare air travel," Ryanair chief executive
Michael O'Leary said at a news conference. "It's also going to change the
game in Europe."
O'Leary
said Ryanair plans to use the jets to enter new markets in Europe and challenge
incumbent carriers.
"I
hope it will hasten a new era of price wars in Europe over the next 10
years," he said.
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