Ryanair ordered 300 new Boeing 737-MAX-10 aircraft (150 firm and 150 options) for delivery between 2027 to 2033. When finalised, and subject to all options being exercised, this deal is valued at over $40bn at current list prices and is the largest order ever placed by an Irish Company for US manufactured goods. Given the size and scale of the transaction, it will be subject to shareholder approval at Ryanair’s 14 Sept. AGM. 

In addition to very significant revenue growth this new order offers Ryanair, the extra seats (coupled with greater fuel and carbon efficiency) will further widen Ryanair’s unit-cost advantage over all EU competitor airlines. This new order will enable Ryanair to deliver sustained traffic and tourism growth at lower fares (and lower emissions per flight) across all European countries where Ryanair continues to lead the post Covid traffic, tourism and jobs recovery.

Given the strength of the Ryanair Group’s balance sheet, its industry leading credit rating and the approx. 2-year gap between the last delivery of B-8200 “Gamechanger” aircraft in FY25, and the first MAX-10 delivery in FY27, the Group anticipates that capex will be substantially funded from internal cashflows, although the Group will remain opportunistic in its fleet financing strategy.

Boeing President & CEO, Dave Calhoun, said:

“The Boeing-Ryanair partnership is one of the most productive in commercial aviation history, enabling both companies to succeed and expand affordable travel to hundreds of millions of people.  Nearly a quarter century after our companies signed our first direct airplane purchase, this landmark deal will further strengthen our partnership.  We are committed to delivering for Ryanair and helping Europe’s largest airline group achieve its goals by offering its customers the lowest fares in Europe.”