Ryanair has placed their largest Boeing order ever with a firm order for 150 Boeing 737-10 MAX airplanes and options for 150 more. The order will be posted on Boeing’s Orders and Deliveries website once it is finalized.
On Tuesday (May 9, 2023), Boeing announced that Ryanair has selected the largest Boeing 737 MAX model to power their future growth with up to 300 airplanes, the largest order in the carrier’s history. The purchase agreement includes a firm order for 150 Boeing 737-10 MAX airplanes and options for 150 more. Ryanair has successfully deployed a growing fleet of Boeing 737-8-200s to accelerate their post-pandemic recovery and to meet strong travel demand. The 197-seat 737-8-200 model has helped the airline reduce fuel use and emissions by over 20 percent compared to previous generation models. The new order adds the larger 737-10 variant, which can accommodate 228 passengers, offering the best unit economics of any single aisle jet. The new order will be posted on Boeing’s Orders and Deliveries website once it is finalized.
In Tuesday’s announcement, Ryanair Group’s 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. 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.”
"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.”
Also commenting on the major 737-10 MAX order, Boeing’s President and CEO, Dave Calhoun, 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 the airline group achieve its goals.”
Boeing (NYSE: BA) is the world’s largest aerospace company and leading supplier of commercial airplanes, defense, space and security systems, as well as global services. The aerospace giant tops the list of the largest U.S. exporters, providing a significant positive impact to America’s annual GDP. Boeing supports government and commercial customers in over 150 countries and employs more than 160,000 team members worldwide. As Boeing continues to deliver for customers, they are committed to their legacy of aerospace leadership in technology and innovation and living the company’s core values of safety, quality and integrity.
Source: Boeing