Ryanair Orders 150 Planes From Boeing

Ryanair Holdings ordered 150 planes from Boeing Co. worth $9.1 billion as Europe’s largest low-fare carrier aims to grow 25% a year and take market share from British Airways and Deutsche Lufthansa.

The Irish airline placed a firm order for 100 planes and took options for 50 more in the biggest order for Boeing 737-800s. The planes are set for delivery between 2002 and 2010, and the carrier said it had more than $613 million in cash to help fund the purchase.

Ryanair shares fell 33 cents to close at $31.30 on Nasdaq. Boeing shares rose 67 cents, or 1.7%, to $40 on the NYSE.