The Irish low-fare airline Ryanair has made its largest Boeing order with up to 300 jets to help it dominate the European travel market.
The deal includes a firm order for 150 737-MAX 10 jets and options for 150 more aircraft. When finalized, and subject to all options being exercised, this deal is valued at over $40bn at current list prices and is the largest order ever placed by an Irish Company for US manufactured goods.
Ryanair has deployed a growing fleet of 737-MAX 8 -200 aeroplanes to accelerate its post-pandemic recovery and meet strong travel demand. The 197-seat 737-MAX 8-200 model has helped the airline reduce fuel use and emissions by over 20% compared to the older 737s they are replacing and reduces the space allotted to customers. The new order adds the larger 737- MAX 10 variant, which with give the airline 228 seats to fill on each flight.
The bombastic Ryanair Group CEO Michael O’Leary said: "Ryanair is pleased to sign this record aircraft order for up to 300 MAX-10s with our aircraft partner Boeing. These new, fuel-efficient, greener technology aircraft offer 21% more seats, burn 20% less fuel and are 50% quieter than our B737-NGs."
According to the airline, this order will help it create 10,000 new jobs which will be located across all of Europe’s main economies where Ryanair operates and is either the No.1 or No.2 airline.
Given the size and scale of the transaction, it will be subject to shareholder approval at the next Annual General Meeting on September 14th.
