8th Sep 2014 13:59
LONDON (Alliance News) - Ryanair Holdings PLC said Monday that it had inked a deal with The Boeing Co to buy up to 200 of its new 737 MAX aircraft in a deal worth up to USD22 billion at current list prices.
The new aircraft will feature 197 seats each, eight more than its existing 737-800 aircraft, and new engines which combined with aerodynamic improvements will reduce fuel consumption by up to 18% and operational noise emissions by 40%, Ryanair said.
Ryanair said savings would be passed on via lower fares to its customers.
The order will be Boeing's largest aircraft order from a European airline, the company said.
The order will expand Ryanair's fleet to 520 aircraft by 2024, it said, which will allow it to grow traffic to over 150 million per year by 2024, compared to 82 million last year.
"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," said Chief Executive Michael O'Leary in a statement.
Shares in Ryanair were trading down 0.9% at 7.48 pence Monday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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