viewRyanair Holdings PLC

Ryanair confirms order for 75 new Boeing MAX aircraft

The order expands the Irish airline's total firm order of the aircraft to 210 units, up from 135 previously, which carries a price tag of over US$22bn

Ryanair Holdings plc - Ryanair confirms order for 75 new Boeing MAX aircraft

Ryanair Holdings plc (LON:RYA) said it has signed a purchase agreement with aircraft maker Boeing Co (NYSE:BA) for 75 new MAX-8200 aircraft, increasing its total firm order to the plane model to 210 from 135 previously for a price tag of over US$22bn.

On Thursday, the budget airline said it expects first deliveries of the aircraft to begin in early 2021, with the 210 planes to be delivered over a four-year period from next spring until December 2024.

READ: Ryanair, Wizz Air operate at a fifth of their capacity during November

Ryanair said it will use the new aircraft to grow its services into new EU countries and markets, adding that Boeing has also agreed to revised delivery dates and “compensation for the direct costs incurred by Ryanair over the past 18 months” due to the order being delayed.

Some of this compensation has been factored into a “modest reduction in the pricing of the new aircraft order”, Ryanair said, adding that this had encouraged it to increase its total order to 210 planes.

"We are pleased and proud to place this enlarged order with Boeing, who have successfully completed the return to service of the Boeing MAX aircraft. The Boeing MAX is a fabulous aircraft with more seats, more leg room, lower fares, lower fuel consumption, and it sets incredible environmental standards, including 40% less noise and lower CO2 emissions”, Ryanair chief executive Michael O'Leary said in a statement.

“We hope to take delivery of at least 50 of these aircraft in 2021, subject to Boeing recovering its manufacturing output to deliver them. For as long as the Covid-19 pandemic depresses air travel, we will use these new aircraft to replace some of our older Boeing NG fleet, which will remain grounded until pre-Covid demand returns”, he added.

The MAX aircraft was grounded by aviation authorities in March last year after the aircraft was involved in two fatal crashes that cost the lives of 346 people. After an extended investigation and repair period, the model was cleared to fly by US aviation regulators last month.

The incident has caused a financial and reputational headache for Boeing, which found itself stuck with a backlog of orders for the aircraft after the crashes, an issue that was then compounded by the coronavirus pandemic which saw air travel grind to a halt and its airline customers looking to renegotiate or cancel orders to save cash.

Shares in Ryanair were up 0.9% at €15.97 in late-afternoon trading.

Quick facts: Ryanair Holdings PLC


Price: 16.555 EUR

Market Cap: €18.68 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


FTSE up as government keep cap on gas prices with energy market in focus

FTSE 100 jumped back near the 7,000 mark even though government borrowing was higher than expected in August. London’s leading index added 64 points to 6,968 in early trading.   The UK government has decided to keep the cap on how much energy suppliers can charge customers to protect the...

57 minutes ago

3 min read