Ryanair has ordered 300 new Boeing 737-MAX-10 aircraft in a $40 billion deal, which the airline said will result in lower air fares.
The deal is made up of 150 firm orders and 150 options and will be subject to shareholder approval at Ryanair’s AGM on 14 September.
The new aircraft will be delivered between 2027 and 2033.
CEO Michael O’Leary said: “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.”
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The deal is made up of 150 firm orders and 150 options and will be subject to shareholder approval at Ryanair’s AGM on 14 September.
The new aircraft will be delivered between 2027 and 2033.
CEO Michael O’Leary said: “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.”
The post New $40bn aircraft order will mean lower fares, says Ryanair appeared first on Travel Gossip.
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