News Release
Issued: May 9, 2023 (9:00am EDT)
To view this release online and get more information
about Boeing, visit: https://boeing.mediaroom.com/2023-05-09-Ryanair-Places-Its-Biggest-Boeing-Order-for-up-to-300-737-MAX-Jets
Ryanair Places Its Biggest Boeing Order for up to 300
737 MAX Jets
- Deal includes 150 firm orders and
150 options for 737-10 model
- Selection of largest 737 MAX jet
helps Ryanair expand business with more seats and better environmental
performance
- 737-10 complements Ryanair's
737-8-200 fleet, advances sustainability goals
ARLINGTON, Va., May 9, 2023 /PRNewswire/ -- Boeing
[NYSE: BA] and Ryanair announced Europe's leading low-cost airline has selected
the largest 737 MAX model to power its future growth with an order for up to
300 airplanes. The purchase agreement is the biggest in Ryanair's history and
includes a firm order for 150 737-10 jets and options for 150 more.
Ryanair has deployed a growing fleet of 737-8-200 airplanes to
accelerate its post-pandemic recovery and meet strong travel demand. The
197-seat 737-8-200 model has helped the airline reduce fuel use and emissions
by over 20% compared to the airplanes they are replacing. The new order adds
the larger 737-10 variant, which offers Ryanair 228 seats and the best unit
economics of any single-aisle airplane.
"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," said Michael O'Leary, Ryanair's Group CEO.
"We expect half of this order will replace older NGs while the
remaining 150 aircraft will facilitate controlled, sustainable growth to just
over 300m guests per annum by 2034. This order, coupled with our
remaining Gamechanger deliveries, will create 10,000 new jobs for highly paid
aviation professionals over the next decade, and these jobs will be generated
across all of Europe's main economies where Ryanair is currently the No.1 or
No.2 airline," O'Leary said.
"In addition to delivering significant revenue and market growth
opportunities across Europe, we expect these new larger more efficient aircraft
to drive further unit cost savings, which will be passed on to passengers in
lower air fares. The extra seats, lower fuel burn and more competitive aircraft
pricing supported by our strong balance sheet, will widen the cost gap between
Ryanair and competitor EU airlines for many years to come, making the Boeing
MAX 10 the ideal growth aircraft order for Ryanair, our passengers, our people
and our shareholders."
"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," said Boeing
President and CEO Dave Calhoun. "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 the airline group achieve its goals."
This new order will be posted to Boeing's Orders and Deliveries website
once it is finalized.
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