Home Business NewsBusinessAviation News Ryanair signs a ‘record aircraft order’ for 300 new Boeing 737 aircraft worth over £32 billion

Ryanair signs a ‘record aircraft order’ for 300 new Boeing 737 aircraft worth over £32 billion

by LLB Finance Reporter
9th May 23 3:21 pm

Ryanair has signed a Record aircraft order” for 300 new Boeing 737 Max planes worth more than £32 billion at list prices.

The deal between the budget airline and Boeing involves orders for 150 of the 737 aircraft and there are also options for more and delivery will be between 2027 and 2033.

This bumper aircraft order will create more than 10,000 jobs for engineers, cabin crew and pilots and each plane will have 21% more seat than the Boeing 737 Next Generation.

By the end of March 2034 Ryanair are expecting their passenger numbers to rise from 168 to 300 million.

Ryanair group chief executive 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.

“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 located across all of Europe’s main economies where Ryanair is currently the number one or number two airline.

“In addition to delivering significant revenue and traffic growth across Europe, we expect these new, larger, more efficient, greener 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.”

Boeing president and chief executive 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 Europe’s largest airline group achieve its goals by offering its customers the lowest fares in Europe.”

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