Ryanair agrees to buy Boeing 737 planes worth $10.4bn

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The Irish low cost airline, Ryanair, has agreed an order valued at $10.4bn (£6.4bn) to buy 100 planes from American aerospace company Boeing, with an option to buy a further 100 later.

The order is for Boeing's more fuel efficient 737 MAX 200 aircraft.

Ryanair has not disclosed what it will be paying, but airlines are rarely charged the full price on large orders.

If Ryanair completes the order for all 200 aircraft the order would be worth $21bn at officially listed prices
http://www.bbc.co.uk/news/business-29110226