The larger operator of 737 aircraft in Europe, Ryanair Holdings, has come out in favour of re-engine the aircraft in a bid to cut fuel cost especially when a re-designed model is still so far away. Howard Millar, CFO at Ryanair, stated his preference would be a completely new aircraft but that a 2020 launch date is unrealistic. It is not a simple matter of exchanging engines on the existing 737 aircraft as different engines will require changes to the entire winspan, unlike Airbus aircraft which is much easier and cheaper to re-engine.
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