Ryanair, a low-cost airline, has announced that it will buy up to 300 Boeing 737 MAX aircraft.
On May 9, 2023, Ryanair Holdings announced that the airline had placed orders for 150 brand-new Boeing 737 MAX 10 aircraft, with an additional 150 options, for delivery between 2027 and 2033.
The whole transaction constitutes the largest purchase agreement in Ryanair’s history and is valued at over $40 billion.
Ryanair will be able to create more than 10,000 additional high-paying jobs for pilots, cabin crew, and engineers thanks to the 737 MAX 10 aircraft’s 228 seats (21% more than the B737NG).
“Ryanair is pleased to sign this record aircraft order for up to 300 MAX-10s with our aircraft partner Boeing,” Ryanair CEO Martin O’Leary said. “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 No.1 or No.2 airline.”
O’Leary added: “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 airfares.”
Boeing president and CEO, Dave Calhoun, said the aircraft manager are “committed to delivering for Ryanair”.
“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,” Calhoun said. “Nearly a quarter century after our companies signed our first direct airplane purchase, this landmark deal will further strengthen our partnership