March 19, 2013 at 11:12 AM EDT
Ryanair Fortifies Europe Dominance With Boeing Deal
Shares of Irish discount airline Ryanair Holdings (RYAAY) moved higher on the stock market today after it announced a $15.6 billion order for 175 passenger jets from Boeing. Tuesday's order for current generation 737NGs is expected to bolster Ryanair's position as Europe's dominant low-fare passenger airline. The deal with Boeing (BA), coupled with Ryanair's plans to retire old plans, should boost the airline's fleet to 400 planes from 300
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