Ryanair, Europe's biggest low-fares airline today signed an agreement with Boeing to purchase up to 200 new Boeing 737 MAX 200 “gamechanger” aircraft (100 firm & 100 options). When finalised and all options exercised, this deal will be worth over $22bn at current list prices. Ryanair becomes the lead customer for this new aircraft which for Ryanair will feature 197 seats (8 more than Ryanair’s existing 737-800s) and new CFM LEAP-1B engines, which combined with aerodynamic improvements will reduce fuel consumption by up to 18% in Ryanair’s configuration and reduce operational noise emissions by 40%. Ryanir said : "This will further reduce Ryanair’s industry leading low costs, and these savings will be passed on via lower fares to Ryanair’s customers, which will now grow from 82m in 2014 to over 150m customers p.a. by the end of the delivery stream in FY2024."
This new agreement was signed by Michael O’Leary, Ryanair CEO, and Ray Conner, Boeing Commercial Airplanes president and CEO, in New York this morning. Following approval by Ryanair’s shareholders at an EGM in late November, this order will become Boeing’s largest ever aircraft order from a European airline. It will sustain thousands of skilled manufacturing jobs in Boeing and its supplier companies and represents the largest ever capital investment by an Irish company in US manufacturing and jobs.
These new Boeing 737 MAX 200s contain new features which will significantly lower Ryanair’s operating costs, including:-
- 197 seats (8 more than Ryanair’s existing 189 seat fleet);
- New Boeing Sky Interior to enhance customers’ onboard experience;
- New slimline seats which will provide more leg room (avg. over 30 inches);
- New CFM LEAP-1B engines, which combined with the Advanced Technology winglet and other aerodynamic improvements, will reduce fuel consumption by up to 18% in Ryanair’s configuration and reduce operational noise emissions by 40%.
"Ryanair is proud and honored to become the lead operator of Boeing's 'gamechanger' 737 MAX 200, which will expand our fleet to 520 aircraft by 2024 and create another 3,000 new jobs for pilots, cabin crew and engineers in Europe, while allowing us to grow traffic from 82 million last year to over 150 million annually by 2024," said Michael O'Leary. "These new "gamechanger" aircraft will allow Ryanair to lower our costs and airfares, while improving our customer experience with more leg room and the Boeing Sky Interior, as we roll out new offers, particularly for our Business Plus and Family Extra customers. As many of Europe's flag carriers cut capacity on short haul routes, Ryanair looks forward to using these new Boeing 737 MAX 200s to grow at many more of Europe's primary airports," added O'Leary
Boeing developed the 737 MAX 200 in response to the needs of the fast growing low-cost sector, which is forecasted to account for 35 percent of single-aisle airline capacity by 2033. While the heart of the single-aisle market will remain at 160 seats, the 737 MAX 200 will provide carriers like Ryanair with up to 11 more seats of potential revenue and up to 5 percent lower operating costs than the 737 MAX 8, driving economic growth and increasing access to air travel.