A Ryanair Boeing 737 MAX 8 seen in flight, landing and taxiing at Eindhoven EIN Airport.
Nicolas Economou | Nurphoto | Getty Images
Ryanair said it plans to purchase at least 150 Boeing 737 10 Max aircraft with an option for 150 more.
That is the budget carrier’s largest order and the manufacturer’s latest major deal for latest aircraft as airlines replace aging jets and expand their fleets.
Boeing shares rose about 2% in premarket trading on Tuesday after the corporate placed the order.
Ryanair plans to operate Max 10 aircraft, which haven’t yet been certified by regulators, with 228 seats on board.
The 150 aircraft on order are price greater than $20 billion on the list prices, but airlines typically receive significant discounts for such large sales. Ryanair stopped negotiations for a big Max order in September 2021 attributable to a price dispute.
Ryanair chief executive Michael O’Leary said the brand new aircraft would replace the older 737s in its fleet. He said the 150 additional jets he chosen would allow him to fly greater than 300 million passengers a yr by 2034.
The ultra-low-cost airline carried 97 million passengers within the 12 months ended March 31, up from 149 million before the Covid pandemic, in accordance with the corporate report.
The budget carrier’s order is the newest in a series of major orders for Boeing, which has reached an agreement to sell lots of of aircraft to customers including Air India, Saudia and United Airlines in recent months.
One other challenge for Boeing is to extend production of the 737 Max. Last month, the corporate said it goals to provide 38 planes a month, up from 31. It also plans to extend 787 Dreamliner production to 5 a month later this yr, up from three.