Ryanair

Ryanair Ltd. (ISEQ: RYA, LSE: RYA, NASDAQ: RYAAY) is an Irish low-cost airline headquartered in Swords, Dublin, Ireland, with its primary operational bases at Dublin and London Stansted Airports. In 2013, Ryanair was both the largest European airline by scheduled passengers carried, and the busiest international airline by passenger numbers.

Ryanair operates over 300 Boeing 737-800 aircraft, with a single 737-700 maintained on the roster as a backup plane and for crew training. The airline has been characterised by its rapid expansion, a result of the deregulation of the aviation industry in Europe in 1997 and the success of its low-cost business model. Ryanair's route network serves 32 countries in Europe, Africa (Morocco), and the Middle East (Israel).

History

Since its establishment in 1984, Ryanair has grown from a small airline flying the short journey from Waterford to London into one of Europe's largest carriers. Ryanair now employs over 8,500 members of staff (as of 2012) including over 1,200 pilots. After the rapidly growing airline went public in 1997, the money raised was used to expand the airline into a pan-European carrier. Revenues have risen from €231 million in 1998, to €1,843 million in 2003 and €3,013 million in 2010. Similarly net profits have increased from €48 million to €339 million over the same period.

Boeing 737 Next Generation

The Boeing 737 Next Generation, commonly abbreviated as 737NG, is the name given to the −600/-700/-800/-900 series of the Boeing 737 airliner. It is the third generation derivative of the 737, and follows the 737 Classic (−300/-400/-500) series, which began production in the 1980s. They are short- to medium-range, narrow-body jet airliners. Produced since 1996 by Boeing Commercial Airplanes, the 737NG series includes four variants and can seat between 110 to 210 passengers.

A total of 5,419 737NG aircraft have been delivered by the end of May 2015, with more than 6,800 ordered. The -700, -800, and -900ER have unfilled orders and are being produced, but orders for -600 and -900 have been filled. The 737NG's primary competition is with the Airbus A320 family. Upgraded and re-engined models in development as the 737 MAX series will eventually supplant the 737NG.

Design and development

Background

Prompted by the development of the Airbus A320, which incorporated ground-breaking technologies such as fly-by-wire, in 1991 Boeing initiated development of an updated series of aircraft. After working with potential customers, the 737 Next Generation (NG) program was announced on November 17, 1993. The 737NG encompasses the −600, −700, −800 and −900 variants, and is to date the most significant upgrade of the airframe. The performance of the 737NG is essentially that of a new airplane, but important commonality is retained from previous 737 generations. The wing was modified, increasing its area by 25% and span by 16 ft (4.88 m), which increased the total fuel capacity by 30%. New quieter and more fuel-efficient CFM56-7B engines were used. These improvements combine to increase the 737's range by 900 nmi, permitting transcontinental service. A flight test program was operated by 10 aircraft: 3 -600s, 4 -700s, and 3 -800s.

London Stansted Airport

London Stansted Airport (IATA: STN, ICAO: EGSS) is an international airport located at Stansted Mountfitchet in the local government district of Uttlesford in Essex, 48 km (30 mi) northeast of Central London and 1.5 km (0.93 mi) from the Hertfordshire border.

Stansted is a base for a number of major European low-cost carriers, being the largest base for low-cost airline Ryanair with over 100 destinations served by the airline. In 2014 it was the fourth busiest airport in the United Kingdom after Heathrow, Gatwick and Manchester. Stansted's runway is also used by private companies such as the Harrods Aviation terminal which is opposite the main terminal building and handles private jets and some state visits.

The airport is owned and operated by the Manchester Airports Group (MAG), which also owns and operates three other UK airports. MAG agreed to buy the airport from Heathrow Airport Holdings, formerly BAA, on 18 January 2013, and the sale was completed for £1.5 billion on 28 February 2013. BAA had been required to sell the airport following a ruling originally made by the Competition Commission in March 2009.