Boeing sells 75 more 737 MAXs to low-cost airline Ryanair

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Boeing has signed its first order for the 737 MAX since the Federal Aviation Administration authorized the planes to fly again last month, the company said Thursday.

European low-cost airline Ryanair has placed a “firm order” for 75 more jets, bringing its total order to 210 of them.

The Irish airline first ordered 100 of the planes with 100 options in 2014, adding firm orders for 10 more in 2017 and 25 more in 2018. The order is valued at more than $ 22 billion, according to Ryanair.

The companies have agreed to revise the delivery dates as well as to compensate the costs incurred by Ryanair due to the delivery delays, with the jets being grounded for more than a year. Ryanair Group CEO Michael O’Leary said Ryanair expects to receive the first 50 planes in 2021.

Teleprinter security Latest Change % Change
BA BOEING COMPANY 237,20 +13,35 + 5,96%
RYAAY RYANAIR HOLDINGS PLC 109,59 +2,99 + 2,80%

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Dave Calhoun, President and CEO of Boeing, said in a press release that the company “remains focused on the safe return to service of the entire 737 fleet and on delivering the backlog of aircraft to service. ‘planes to Ryanair and our other customers in the New Year. ”

The FAA just issued its first certificate of airworthiness to a 737 MAX on Monday after the 2019 grounding, Fox News reported. Boeing plans to deliver about half of the jets in stock by the end of 2021.

European low-cost airline Ryanair has placed a “firm order” for 75 more jets, bringing its total order to 210 of them. (Ryanair)

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Ryanair opted for the 737 8-200, a larger capacity version of the 737-8 that Boeing says allows more seats, better fuel efficiency and better environmental performance. In a press release, Ryanair called the jet a “gamechanger”.

“The Boeing MAX is a fabulous aircraft with more seats, more legroom, lower fares, lower fuel consumption and it sets incredible environmental standards including 40% less noise and less fuel. CO2 emissions, ”O’Leary said in a press release.

Ryanair will configure its 737 MAX with 197 seats. He plans to use the new jets to provide low-cost service to new European countries and markets as COVID-19 vaccines become available and he expects the travel industry to return to “normalcy”.

Ryanair will configure its 737 MAX with 197 seats. (Ryanair)

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The airline was on track to carry more than 150 million passengers last year. It is the largest budget airline in Europe.

Ryanair will first use the new jets to replace part of its older Boeing NG fleet, and then once the pandemic is over it will “quickly restore flights and schedules, recover lost traffic and help European countries recover their tourism industry and attracting young people. back to work in EU towns, beaches and ski resorts, ”O’Leary said.

The Irish airline first ordered 100 of the planes with 100 options in 2014, adding firm orders for 10 more in 2017 and 25 more in 2018 (Ryanair)

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The companies announced the deal the same day American Airlines presented one of its 737 MAXs to a group of reporters on a test flight as it prepares to return the plane to commercial service. .

Jets were grounded around the world last year after the second of two crashes that killed 346 people. The FAA spent 20 months reviewing the planes before clearing them back into service with new modifications and training requirements for pilots last month.

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