Ryanair has agreed to purchase up to 300 Boeing 737 MAX-10 planes, valued at over $40B, after an 18-month impasse over pricing.
The deal signals an increased appetite for new aircraft as the travel industry recovers from the pandemic.
Ryanair's older Boeing 737NG aircraft will be replaced by the new airplanes, delivered between 2027 and 2033.
- The agreement will enable Ryanair to boost traffic by 80% over thenext decade, and it anticipates that by March 2034, passenger numbers will have increased from 168 million to 300 million.
- As a result of the agreement, Ryanair anticipates adding over 10,000 new employees for pilots, cabin crew, and engineers.
- Compared to the earlier 737NGs now in use, the new aircraft will reduce expenses by 10%, excluding fuel, enabling Ryanair to maintain its cost advantage over competitors and foster further expansion.