Dublin May 9 (Us): Ryanair will order 150 Boeing 737 Max aircraft with an option for another 150, marking the largest aircraft purchase in the Irish airline’s history and a boost for Boeing.
At Boeing’s list price, the deal would be worth more than $40 billion if Ryanair exercised all options, but airlines routinely get deep discounts. Financial terms were not disclosed, according to the Associated Press.
Ryanair CEO Michael O’Leary said Tuesday that the planes will replace some of the company’s older Boeing planes and provide room for growth.
The airline opted for the largest version of the Max, which O’Leary said will have 21% more seats but burn 20% less fuel than the airline’s existing 737s. The airline expects to receive the aircraft between 2027 and 2033.
Boeing is benefiting from a boom in aircraft orders, as air travel around the world recovers from the COVID-19 pandemic.
The Arlington, Virginia company, however, has been plagued by production problems affecting the Max and the larger plane, the 787 Dreamliner.