Ryanair has now ordered over $22bn of 737 MAX planes

RYR-Signing-2
RYR-Signing-2

Ryanair has signed an agreement to purchase 75 new Boeing 737 MAX, increasing its firm order for the aircraft from 135 to 210.

In total the airline has ordered over $22 billion worth of 737 MAX planes.

This news comes as the MAX has been certified by the FAA to return to service. Ryanair expects to take the first deliveries of these new fuel efficient aircraft from early 2021, delivered over a 4-year period between Spring 2021 and December 2024.

The airline, which (prior to the COVID-19 crisis) was on track to carry over 150 million passengers last year, will use these new aircraft to grow its low fare services into new EU countries and markets as multiple vaccines are rolled out in 2021.

Ryanair and Boeing have agreed revised delivery dates, and have also agreed compensation for the direct costs incurred by Ryanair over the past 18 months due to these delivery delays, although some of this compensation has been factored into a modest reduction in the pricing of this new aircraft order.

Boeing’s president and CEO Dave Calhoun said: “Ryanair will continue to play a leading role in our industry when Europe recovers from the Covid-19 pandemic and air traffic returns to growth across the continent. We are gratified that Ryanair is once again placing its confidence in the Boeing 737 family and building their future fleet with this enlarged firm order.

"Boeing remains focused on safely returning the full 737 fleet to service and on delivering the backlog of airplanes to Ryanair and our other customers in the new year. We firmly believe in this airplane and we will continue the work to re-earn the trust of all of our customers.”

Ryanair’s group CEO Michael O’Leary added: "We sincerely thank our partners in Boeing, who have worked closely with us over the last 18 months to reschedule aircraft deliveries, to provide fair compensation to reflect those costs which Ryanair has incurred through these delivery delays and to agree this new enlarged aircraft order. We are working closely with Boeing and our senior pilot professionals to assist our regulator EASA to certify these aircraft in Europe, and to complete the training of our pilots and crews across our 3 new Boeing MAX simulators in Dublin and Stansted."

www.boeing.com

www.ryanair.com

Company

Boeing

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