Boeing again for Ryanair

Ryanair pushes towards 550 aircraft The Paris Air Show (see in this month’s TNU) will no doubt see a host of aircraft orders, but, in advance, Boeing has jumped in with a major announcement. It might just be that Ryanair’s Michael O’Leary is not a fan of Le Bourget, and prefers press calls at his convenience!

Ryanair Holdings has placed an order for 300 new Boeing 737-10 MAX aircraft (150 firm and 150 options) for delivery between 2027 and 2033. When finalised, 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. Given the size and scale of the transaction, it will be subject to shareholder approval at Ryanair’s 14 September Annual General Meeting. Some might go to subsidary Malta Air.

The aircraft will be the largest ever operated by Ryanair with 228 seats (21% more than the B737NG).  The phased deliveries between 2027 and 2033 will enable Ryanair to create more than 10,000 new high-paid jobs for pilots, cabin crew and engineers, to facilitate disciplined traffic growth of 80% from 168m passengers in year-end March 2023 to 300m passengers per annum by March 2034.  Ryanair expects 50% of these deliveries will replace older B737NGs, which will allow Ryanair to continue to operate one of Europe’s youngest, most fuel efficient, and environmentally sustainable aircraft fleets.

Dave Calhoun, Boeing President and CEO, said:“The Boeing-Ryanair partnership is one of the most productive in commercial aviation history, enabling both companies to succeed and expand affordable travel to hundreds of millions of people.  Nearly a quarter century after our companies signed our first direct airplane purchase, this landmark deal will further strengthen our partnership.  We are committed to delivering for Ryanair and helping Europe’s largest airline group achieve its goals by offering its customers the lowest fares in Europe.”

www.boeing.com

www.ryanair.com

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