The aircraft will called 737 MAX 200 and the cost of the agreement is over 22 billion dollars 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%.
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 Ryanair CEO Michael O’Leary, and Boeing Commercial Airplanes President and CEO Ray Conner, in New York.
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 enters into this new aircraft agreement, the day before it takes delivery of the first of 180 new Boeing 737-800 aircraft. The current 180 aircraft order will see Ryanair’s fleet grow from 304 to 420 (allowing for lease returns), and traffic rise from 82m last year to over 112m by 2019.
Becoming the lead operator for the Boeing 737 MAX 200 aircraft secures Ryanair’s future growth during the period 2019 to 2024 in which Ryanair’s fleet will rise to 520 aircraft (allowing for sales and lease returns) while traffic almost doubles from 82m in FY2014 to 150m passengers p.a. by FY2024.