A Ryanair Boeing 737 Max 8 takes off, lands and lands at Eindhoven Airport.

Nicholas Economou | Norphoto | Getty Images

Ryanair said it plans to buy at least 150 of the planes Boeing 737 10 MAX aircraft with options for another 150 aircraft, after a price dispute derailed negotiations for a large order in 2021.

It’s the budget carrier’s biggest order and the latest big deal for a manufacturer of new aircraft as airlines replace aging aircraft and grow their fleets.

Boeing shares rose about 2% in pre-market trading on Tuesday after the company reported the order.

Ryanair plans to operate Max 10s, which are not approved by regulators, with 228 seats on board.

The 150 planes in the company’s order are worth more than $20 billion on the list the prices, but airlines generally get deep discounts for such large sales. Ryanair halted negotiations for a large Max order in September 2021 due to a pricing dispute.

Ryanair CEO Michael O’Leary said the new planes will replace aging 737s in its fleet. The plane is likely to be delivered between 2027 and 2033, O’Leary told a news conference. He said the 150 additional planes it has selected would allow it to carry more than 300 million passengers a year by 2034 and create 10,000 jobs by then.

The ultra-low-cost airline carried 97 million passengers in the 12 months ending March 31, down from 149 million before the Covid pandemic, according to one company. a report.

The low-cost carrier’s order is the latest in a series of big sales for Boeing, which has reached agreements to sell hundreds of planes to clients including Indian, Saudi Arabian and Gulf airlines. United Airlines in recent months.

The next challenge for Boeing is to ramp up production of the 737 Max. The company said last month that it aims to achieve 38 each month, up from 31. It also plans to increase its production of 787 Dreamliners to five per month late this year, up from three.


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