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HomeTravel NewsRyanair Confirms Landmark Order for 300 Boeing 737-Max-10 Aircraft

Ryanair Confirms Landmark Order for 300 Boeing 737-Max-10 Aircraft

Ryanair Holdings has confirmed it has ordered 300 new Boeing 737-MAX-10 aircraft – 150 being firm orders and 150 being options – for delivery between 2027 and 2033 in a deal valued at more than $40bn at current list prices.

It represents the largest order ever placed by an Irish company for US manufactured goods.

Given the size of the deal, the order will need to be put to a shareholder vote at Ryanair’s AGM in September.

Ryanair said it anticipates that capital expenditure will be substantially funded from internal cashflows, although the group will remain “opportunistic” in its fleet financing strategy.

Boeing’s new fuel efficient, B737-MAX-10 aircraft have 228 seats and the phased deliveries between 2027 and 2033 will enable Ryanair to create more than 10,000 new high-paid jobs for pilots, cabin crew and engineers, to facilitate disciplined traffic growth of 80% from 168m in year end March 2023 to 300m by March 2034.  Ryanair expects 50% of these deliveries will replace older B737NGs, which will allow Ryanair to continue to operate one of Europe’s youngest, most fuel efficient, and environmentally sustainable aircraft fleets.

In addition to very significant revenue growth this new order offers Ryanair, the extra seats (coupled with greater fuel and carbon efficiency) will further widen Ryanair’s unit-cost advantage over all EU competitor airlines. This new order will enable Ryanair to deliver sustained traffic and tourism growth at lower fares (and lower emissions per flight) across all European countries where Ryanair continues to lead the post Covid traffic, tourism and jobs recovery.

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 No.1 or No.2 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.”

Geoff Percival
Geoff Percival
Geoff has worked in business, news, consumer and travel journalism for more than 25 years; having worked for and contributed to the likes of The Irish Examiner, Business & Finance, Business Plus, The Sunday Times, The Irish News, Senior Times, and The Sunday Tribune.
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