Irish airline Ryanair announced Tuesday that it ordered 300 new Boeing 737-MAX-10s, including 150 firm and 150 optional, for delivery between 2027 and 2033, for a list price “estimated at more than $40 billion,” according to a statement.
“This is the largest order ever placed by an Irish American manufactured goods company,” says Ryanair, which specifies that, given its size, the transaction “will be subject to the approval of (its) shareholders” on September 14 at the general meeting.
List prices are generally never applied due to discounts given. Ryanair estimates that the new aircraft, scheduled for delivery between 2027 and 2033, will create more than 10,000 new jobs for pilots, cabin crew and engineers, and expects to see the number of passengers carried fall from 168 million at the end of March 2023 to 300 million per year in March 2034.
“These new aircraft (…) offer 21% more seats, consume 20% less fuel and are 50% quieter” than the old B737-NG models, argued Ryanair boss Michael O’Leary. , quoted in the press release and speaking of a “record order for aircraft”.
Ryanair expects cost savings to pass through to fares
Michael O’Leary also says he hopes these new aircraft will lead to “further cost savings, which will be passed on to passengers through lower airfares.” “The Boeing-Ryanair partnership is one of the most productive in the history of commercial aviation, allowing both companies to prosper and expand affordable travel to hundreds of millions of people,” said Boeing CEO Dave Calhoun, also quoted in Ryanair. Press release.
Boeing remained in the red in the first quarter, posting a higher-than-expected net loss of $425 million, the manufacturer announced in late April. Meanwhile, the airline announced net profit of 211 million euros in January for its staggered third quarter, buoyed by a rebound in demand, especially for the key holiday season. Ryanair shares rose 1.85% to 15.39 euros on the Dublin Stock Exchange.
Source: BFM TV
