Enter multiple symbols separated by commas

Ryanair Buys 27 Boeing 737-800s Worth $1.9 Billion

Ryanair announced the purchase of 27 more Boeing 737-800s valued at $1.9 billion Thursday, bringing its total firm orders for the U.S. made planes to 308.

Ryanair's total fleet including planned disposals will be 262 by 2012, Europe's largest low-fare carrier said in a press release.

The move adds to the Irish airline's claim to have the youngest and most fuel-efficient fleet of all the major airlines, by bringing the average age of its planes to 2.5 years.

The reduction of emissions has become a key requirement for airlines over recent years due to concerns about their effect on the environment. The new Boeing planes will also be fitted with blended winglets, which are designed to further reduce CO2 emissions.

Ryanair also announced it has cut 20 pounds ($40) off all return fares for one week in conjunction with the announcement.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.