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.
As a leading global aerospace company, Boeing develops,
manufactures and services commercial airplanes, defense products
and space systems for customers in more than 150 countries. As a
top U.S. exporter, the company leverages the talents of a global
supplier base to advance economic opportunity, sustainability and
community impact. Boeing's diverse team is committed to innovating
for the future, leading with sustainability, and cultivating a
culture based on the company's core values of safety, quality and
integrity. Join our team and find your purpose at
boeing.com/careers.
Contact
Keelan Morris (London)
+44 (0) 7798 828 790
keelan.j.morris@boeing.com
Boeing Media Relations
media@boeing.com
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SOURCE Boeing