Posted: 3:52 p.m. Tuesday, March 19, 2013
Ryanair/Boeing deal affects GE Aviation
An Irish airline carrier’s large order from plane maker The Boeing Co., announced Tuesday, has local implications.
Ryanair has made the biggest-ever order of Boeing planes by a European airline, announcing Tuesday it will buy 175 aircraft in a major boost for the U.S. aerospace giant.
Neither side disclosed the purchase price for the 737-800s, but budget carrier Ryanair said it did negotiate a bulk discount off the total list price of $15.6 billion.
The aircraft are powered by CFM56 jet engines, manufactured by CFM International. CFM International, headquartered in West Chester Twp., is a joint venture of GE Aviation and French company Snecma.
Pending shareholder approval, the related engine order is valued at $3.7 billion at list price, according to CFM.
The order would increase the CFM56 engine backlog to more than 5,450 engines under order, or approximately four years of production at current rates CFM International said.
—Staff and wire report