It is the largest order ever placed by an Irish company for US manufactured goods.
Ryanair has said it will be able to create more than 10,000 new jobs after placing a massive order for more aircraft.
The airline on Monday (9 May) confirmed that it has made a firm order for 150 of the Boeing 737-MAX-10 aircraft and has the option to purchase another 150. When finalised, if all options are exercised, the deal is valued at over $40 billion at current list prices.
This makes it 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 annual general meeting in September.
Ryanair new jobs are on the way, according to CEO Michael O’Leary
The Boeing aircrafts that have been ordered hold 228 seats, 21% more than the older Boeing 737 Next Generation models. Ryanair claims that the phased deliveries between 2027 and 2033 will offer “very significant revenue growth” for the airline, along with enabling it to create more than 10,000 new jobs for pilots, cabin crew and engineers.
On this and the other benefits of the order, Ryanair CEO Michael O’Leary said:
“These new, fuel efficient, greener technology aircraft offer 21% more seats, burn 20% less fuel and are 50% quieter than our B737-NGs. This order, coupled with our remaining Gamechanger deliveries, will create 10,000 new jobs for highly paid aviation professionals over the next decade, and these jobs will be located across all of Europe’s main economies where Ryanair is currently the No.1 or No.2 airline.
“In addition to delivering significant revenue and traffic growth across Europe, we expect these new, larger, more efficient, greener, aircraft to drive further unit cost savings, which will be passed on to passengers in lower air fares. The extra seats, lower fuel burn and more competitive aircraft pricing supported by our strong balance sheet, will widen the cost gap between Ryanair and competitor EU airlines for many years to come, making the Boeing MAX-10 the ideal growth aircraft order for Ryanair, our passengers, our people and our shareholders.”
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