Budget airline Ryanair eyes purchase of 200 Boeing jets

Summary:These are your fee dollars at work: low-cost European air carrier RyanAir is set to purchase about 150 Boeing 737 passenger jets.

Low-cost Irish airline Ryanair may soon sign off on a deal to buy at least 150, and up to 200, Boeing 737 passenger jets, Reuters reports.

The deal would give the carrier's existing fleet a serious upgrade and provide aerospace manufacturer Boeing with a financial foothold as it manages the fallout over 787 Dreamliner safety concerns. It also helps Boeing plug the gap in demand between now and 2017, when the next-generation 737 Max enters service.

It's no surprise the famously efficient carrier would act now; the penny-pinching airline known for its bargain fares and ubiquitous additional fees -- translation: laser focus on the relationship between supply, demand and market price -- is no doubt taking advantage of the dropping demand (and thus value) of the current generation 737 model.

The deal is expected to close sometime this year; no word on whether Ryanair will charge Boeing with a credit card fee upon closing the deal.

This post was originally published on Smartplanet.com

Topics: Innovation

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Andrew Nusca is a former writer-editor for ZDNet and contributor to CNET. He is also the former editor of SmartPlanet, ZDNet's sister site about innovation. He writes about business, technology and design now but used to cover finance, fashion and culture. He was an intern at Money, Men's Vogue, Popular Mechanics and the New York Daily Ne... Full Bio

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