Boeing gets massive jet order from Ryanair

Some good news for Boeing.

Another day, another major jet deal .

This time some good news for Boeing -- which has had a rough time lately with the all-Boeing fleet of Lion Air spending a record $24 billion on jets from rival Airbus yesterday and, of course, the ongoing Dreamliner saga . Ryanair announced that it placed a $16 billion order for 175 Boeing jets, BBC reports. The order will increase Ryanair's fleet by a third to 400 planes.

Ryanair is living up to its budget reputation in this deal. The low-cost carrier is buying up Boeing's 737-800, the company's current (cheaper) version of the single-aisle jets. Boeing's latest version, the 737 MAX is set to debut in 2017. Currently, the airline says it is evaluating the benefits of the new jet, which Boeing says is 19 percent more fuel efficient. It will be interesting to see if the budget airline finds value in that.

While some of the Ryanair's new planes will go toward replacing older planes in the airline's fleet, 100 planes will be purely for growth, part of Ryanair's plan to grow its traffic to 100 million passengers by 2019.

Photo: Flickr/Paolo Margari

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