goldfish
First-Class-Member
H Ryanair pareggeile 70(!) aeroskafh tou typou 737-800 se para poly deleastikh timh apo thn Boeing.
http://business.timesonline.co.uk/artic ... 91,00.html
February 25, 2005
Ryanair buys cut-price planes from Boeing
By Carl Mortished, International Business Editor
BOEING has agreed to sell 70 aircraft to Ryanair, the Irish airline, for $4.6 billion (£2.5 billion) — a discount of more than half the list price of the jets.
The purchase by the discount carrier of 70 of the 737-800 jets, with options over a further 70, is believed to fill a hole in the Boeing order book that would otherwise emerge towards the end of the decade.
Ryanair said that the new planes, which are to be delivered between 2008 and 2012, would enable it to increase its passenger traffic from this year’s expected 27 million to 70 million when all the aircraft are in service.
Boeing yesterday said that the 737-800, the latest version of its short-haul carrier, was priced at $65 million. However, industry sources indicated that Ryanair had probably agreed to pay between $25 millon and $30 million for each plane.
Steep discounts from the list price are as common for aircraft as they are for airline tickets, but the Irish carrier, renowned for its cheese-paring cost-management, appears to have profited from a sudden fall-off in Boeing’s expected deliveries after 2007.
Howard Millar, Ryanair’s deputy chief executive, said: “Boeing had their order book a little bit empty out in 2008-2011, and we thought it was time to extend our horizons a bit . . . We see it a bit like a free seat, we think it’s a Boeing free-seat sale.”
A spokesman for Boeing confirmed that Ryanair was filling a fairly empty delivery schedule. He said: “In this year, delivery is sold out; 78 per cent of the slots for 2006 are sold. You can imagine the vast majority of the slots for 2008-2012 have not been sold.”
Ryanair said it would use the aircraft to build, over the next seven years, an extra ten bases in Europe. These could include more intensive operations serving major cities, such as Paris, Oslo, Seville, Hamburg and Berlin, Mr Millar suggested. The exact locations have not been chosen, but he insisted that Ryanair would not sacrifice its low-cost business model as it increases services to European capitals’ costliest airports.
A key pillar of Ryanair’s highly profitable cost structure is its exploitation of low airport charges. Unlike its main rival, easyJet, which flies to major airports, Ryanair chooses minor airstrips, such as Beauvais, an hour’s road journey to Paris. Even there, Ryanair is struggling to agree a financial deal that would enable the carrier to expand its services and operate a local base.
Ryanair is also exploiting the United States taxpayer, who will provide an indirect subsidy to the aircraft deal. American export credit guarantees will cut the overall cost of financing the multibillion-dollar aircraft purchase.
Ryanair’s chairman, David Bonderman, said that the new aircraft would enable the carrier to continue to reduce its bills and he predicted that unit operating costs, excluding fuel, would continue to fall over the next five years.
The rising cost of jet fuel last year alarmed low-cost carriers, prompting Ryanair’s chief executive, Michael O’Leary, to predict a winter Armageddon for his rivals. However, the two leading carriers, easyJet and Ryanair, coasted through the early winter, reporting growing passenger volumes and little damage to their key measure of revenue per passenger mile.
The new plane orders will add to Ryanair’s existing orders of 155 aircraft, which peak this year and next with more than 50 aircraft joining its fleet.
http://business.timesonline.co.uk/artic ... 91,00.html
February 25, 2005
Ryanair buys cut-price planes from Boeing
By Carl Mortished, International Business Editor
BOEING has agreed to sell 70 aircraft to Ryanair, the Irish airline, for $4.6 billion (£2.5 billion) — a discount of more than half the list price of the jets.
The purchase by the discount carrier of 70 of the 737-800 jets, with options over a further 70, is believed to fill a hole in the Boeing order book that would otherwise emerge towards the end of the decade.
Ryanair said that the new planes, which are to be delivered between 2008 and 2012, would enable it to increase its passenger traffic from this year’s expected 27 million to 70 million when all the aircraft are in service.
Boeing yesterday said that the 737-800, the latest version of its short-haul carrier, was priced at $65 million. However, industry sources indicated that Ryanair had probably agreed to pay between $25 millon and $30 million for each plane.
Steep discounts from the list price are as common for aircraft as they are for airline tickets, but the Irish carrier, renowned for its cheese-paring cost-management, appears to have profited from a sudden fall-off in Boeing’s expected deliveries after 2007.
Howard Millar, Ryanair’s deputy chief executive, said: “Boeing had their order book a little bit empty out in 2008-2011, and we thought it was time to extend our horizons a bit . . . We see it a bit like a free seat, we think it’s a Boeing free-seat sale.”
A spokesman for Boeing confirmed that Ryanair was filling a fairly empty delivery schedule. He said: “In this year, delivery is sold out; 78 per cent of the slots for 2006 are sold. You can imagine the vast majority of the slots for 2008-2012 have not been sold.”
Ryanair said it would use the aircraft to build, over the next seven years, an extra ten bases in Europe. These could include more intensive operations serving major cities, such as Paris, Oslo, Seville, Hamburg and Berlin, Mr Millar suggested. The exact locations have not been chosen, but he insisted that Ryanair would not sacrifice its low-cost business model as it increases services to European capitals’ costliest airports.
A key pillar of Ryanair’s highly profitable cost structure is its exploitation of low airport charges. Unlike its main rival, easyJet, which flies to major airports, Ryanair chooses minor airstrips, such as Beauvais, an hour’s road journey to Paris. Even there, Ryanair is struggling to agree a financial deal that would enable the carrier to expand its services and operate a local base.
Ryanair is also exploiting the United States taxpayer, who will provide an indirect subsidy to the aircraft deal. American export credit guarantees will cut the overall cost of financing the multibillion-dollar aircraft purchase.
Ryanair’s chairman, David Bonderman, said that the new aircraft would enable the carrier to continue to reduce its bills and he predicted that unit operating costs, excluding fuel, would continue to fall over the next five years.
The rising cost of jet fuel last year alarmed low-cost carriers, prompting Ryanair’s chief executive, Michael O’Leary, to predict a winter Armageddon for his rivals. However, the two leading carriers, easyJet and Ryanair, coasted through the early winter, reporting growing passenger volumes and little damage to their key measure of revenue per passenger mile.
The new plane orders will add to Ryanair’s existing orders of 155 aircraft, which peak this year and next with more than 50 aircraft joining its fleet.