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Boeing Wins Ryanair Order for Up to 100 Planes Worth $6 Bln

Dublin, Jan. 31 (Bloomberg) -- Boeing Co., the world's
largest planemaker, won an order from Ryanair Holdings Plc for as
many as 100 jetliners worth $6 billion, giving Boeing a boost to
overcome a drop in demand.
Ryanair, which announced today that it will buy KLM Royal
Dutch Airlines NV's no-frills unit, Buzz, will end up with a fleet
of 250 of Boeing's 737-800 planes, it said in a Regulatory News
Service statement. Last January Ryanair ordered 100 single-aisle
737-800 airplanes with options for 50 more.
The order helps boost production for two years that analysts
expect to be the most difficult for the airline industry every.
Boeing's production fell 27 percent to 381 planes last year from
527 in 2001. Production at the Chicago-based planemaker will drop
a similar percentage to as few as 275 planes this year.
For Ryanair, the additional planes will help it enlarge its
network of routes and base airports, especially at Stansted
airport in London. It will be able to use Boeing 737s to replace
less-efficient BAE 146 planes now in Buzz's fleet. Ryanair has
said it will return the BAE 146 planes to KLM within a year, to be
replaced by 737s.