Europe’s largest budget airline Ryanair has ordered 300 new Boeing 737-MAX-10 aircraft worth over 40 billion U.S. dollars.
The order was the largest one ever placed by an Irish company for U.S. manufactured goods, the company said in a statement.
Given the size and scale of the transaction, the deal is subject to approval at a shareholders’ meeting scheduled in September, said Ryanair.
Half of the 300 aircraft ordered were firm orders, which meant that they could not be changed, said the airline, adding that the orders would be delivered between 2027 and 2033.
The phased deliveries would enable Ryanair to increase its annual traffic to 300 million passengers in 2034 from the present 168 million passengers, said the statement.
Boeing 737-MAX-10 aircraft offer 21 percent more seats, burn 20 percent less fuel and are 50 percent quieter than B737-NGs currently being used by Ryanair, it said.
After deadly crashes, Boeing 737 Max returns to the skies
Indonesia has removed a ban on the Boeing 737 Max. The move comes three years after the Lion Air disaster that saw the loss of all 189 people on board. On 29 October 2018, the [Read More]
Ethiopia’s inquiry into 2019 deadly Boeing 737-8 Max crash blames safety feature failure
The 2019 crash of Ethiopian Airlines Boeing 737-8 Max airplane which killed 157 people was caused by a faulty safety feature, said Ethiopian authorities in its final report on Friday. On March 10, 2019, the [Read More]
Boeing Company sees drop in revenue
The Boeing Company on Wednesday reported first-quarter revenue of 14 billion U.S. dollars, an eight percent decrease from the same period of 2021, driven by lower defense volume and charges on fixed-price defense development programs, [Read More]