“Ryanair Makes Historic $40 Billion Order of 300 Boeing 737-MAX-10s, Doubling Passenger Capacity by 2034”

2023-05-09 18:04:05

Irish airline Ryanair announced on Tuesday that it has ordered 300 new Boeing 737-MAX-10s, including 150 firm orders and 150 optional, for a price “estimated at more than 40 billion dollars”, according to a press release.

“This is the largest order ever placed by an Irish company for American manufactured goods,” said Ryanair, adding that given its size, the transaction “will be subject to the approval of [ses] shareholders” on September 14 at the general meeting.

Catalog prices are generally never applied because of the significant discounts granted, especially for large orders.

Doubling the number of passengers envisaged

Ryanair estimates that these new planes, scheduled for delivery between 2027 and 2033, will enable it to create more than 10,000 new jobs for pilots, cabin crew and engineers, and hopes to see the number of passengers carried increase from 168 million at the end of March 2023. to 300 million per year by March 2034.

“These new planes […] offer 21% more seats, consume 20% less fuel and are 50% quieter” than the old models used by Ryanair so far, 737-800, the previous generation of this same model, argued Ryanair boss Michael O’Leary, who speaks of “record plane orders”.

Michael O’Leary also says he hopes that these new aircraft will lead to “further cost savings, which will be passed on to passengers through lower airfares”.

Ryanair’s current 737-800s are configured to accommodate 189 passengers. The new 737 MAX 8 that she previously ordered accommodate 197 passengers. As for the future 737 MAX 10, the competitor of the Airbus A321neo, they will be able to accommodate up to 230 passengers (compared to 244 for the longer A321neo).

Partenariat Boeing-Ryanair

“The Boeing-Ryanair partnership is one of the most productive in commercial aviation history, enabling both companies to thrive and expand affordable travel to hundreds of millions of people,” said for his part the CEO of Boeing Dave Calhoun, also quoted in the Ryanair press release.

Boeing remained in the red in the first quarter, with a larger-than-expected net loss of $425 million, the manufacturer announced in late April.

The airline meanwhile announced in January a net profit of 211 million euros for its staggered third quarter, driven by the rebound in demand, especially for the key holiday season.

furr with afp

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