Ryanair Holdings PLC RYR ORDERS 75 BOEING MAX-8200 AIRCRAFT (210 TOTAL) (4956H)
04 December 2020 - 1:45AM
UK Regulatory
TIDMRYA
RNS Number : 4956H
Ryanair Holdings PLC
03 December 2020
RYANAIR ORDERS 75 BOEING MAX-8200 AIRCRAFT (210 IN TOTAL)
DELIVERIES START EARLY IN 2021 AND RUN UNTIL DEC. 2024
VALUE OF 210 x 737 FIRM ORDER EXCEEDS $22 BILLION
Ryanair, Europe's largest airline, today (3 Dec. 2020) signed a
purchase agreement with Boeing for 75 new MAX-8200 aircraft, which
increases its firm order for the Boeing "Gamechanger" aircraft from
135 to 210, with a total value of over $22bn. Now that the Boeing
MAX aircraft has been certified by the FAA to return to service,
Ryanair expects to take the first deliveries of these new fuel
efficient and environmentally friendly aircraft from early 2021,
and has confirmed 210 firm orders with Boeing for these gamechanger
aircraft, which will be delivered over a 4-year period between
Spring 2021 and December 2024.
Ryanair, which (prior to the Covid-19 crisis) was on track to
carry over 150m passengers last year, will use these new aircraft
to grow its low fare services into new EU countries and markets,
which will incentivize Europe's consumers and its travel industry
to recover from the Covid-19 pandemic, as quickly as multiple
vaccines are rolled out in 2021, and life returns to normal.
Ryanair and Boeing have agreed revised delivery dates, and have
also agreed compensation for the direct costs incurred by Ryanair
over the past 18 months due to these delivery delays, although some
of this compensation has been factored into a modest reduction in
the pricing of this new aircraft order which has encouraged Ryanair
to increase the firm order from 135 to 210 aircraft.
The Boeing 737 MAX-8200 aircraft is a "Gamechanger" for
Ryanair's customers and Europe's consumers. This aircraft, when
delivered, will be the most audited, most regulated in aviation
history. The aircraft performance is exceptional, as it delivers 8
more seats per flight, yet burns 16% less fuel, and lowers noise
emissions by 40%. This new 197 seat Boeing aircraft is the perfect
sized platform to allow Ryanair expand and grow its low fare
services across Europe over the next decade. This new Boeing order
helps Ryanair to lower its cost base and return to growth across
Europe in 2021, by delivering lower fares to customers, as well as
a lower CO2 and noise footprint, making Ryanair Europe's greenest,
cleanest airline, and helping Ryanair reach its target of being
carbon neutral by 2050.
Boeing's President & CEO Dave Calhoun said:
"Ryanair will continue to play a leading role in our industry
when Europe recovers from the Covid-19 pandemic and air traffic
returns to growth across the continent. We are gratified that
Ryanair is once again placing its confidence in the Boeing 737
family and building their future fleet with this enlarged firm
order.
Boeing remains focused on safely returning the full 737 fleet to
service and on delivering the backlog of airplanes to Ryanair and
our other customers in the new year. We firmly believe in this
airplane and we will continue the work to re-earn the trust of all
of our customers."
Ryanair's Group CEO Michael O'Leary said:
"We are pleased and proud to place this enlarged order with
Boeing, who have successfully completed the return to service of
the Boeing MAX aircraft. The Boeing MAX is a fabulous aircraft with
more seats, more leg room, lower fares, lower fuel consumption, and
it sets incredible environmental standards, including 40% less
noise and lower CO2 emissions.
We hope to take delivery of at least 50 of these aircraft in
2021, subject to Boeing recovering its manufacturing output to
deliver them. For as long as the Covid-19 pandemic depresses air
travel, we will use these new aircraft to replace some of our older
Boeing NG fleet, which will remain grounded until pre-Covid demand
returns. But as soon as the Covid-19 virus recedes - and it will in
2021 with the rollout of multiple effective vaccines - Ryanair and
our partner airports across Europe will - with these
environmentally efficient aircraft - rapidly restore flights and
schedules, recover lost traffic and help the nations of Europe
recover their tourism industry, and get young people back to work
across the cities, beaches, and ski resorts of the EU.
We sincerely thank our partners in Boeing, who have worked
closely with us over the last 18 months to reschedule aircraft
deliveries, to provide fair compensation to reflect those costs
which Ryanair has incurred through these delivery delays and to
agree this new enlarged aircraft order. We are working closely with
Boeing and our senior pilot professionals to assist our regulator
EASA to certify these aircraft in Europe, and to complete the
training of our pilots and crews across our 3 new Boeing MAX
simulators in Dublin and Stansted.
We are extremely grateful to our shareholders who have recently
supported a EUR1.25 billion fundraising, without which we could not
have placed this large but very timely aircraft order during a once
in a century downturn in the airline industry. We believe our
people will enjoy flying these exciting new aircraft, which will,
we hope, allow us to recruit/train many thousands of new pilots and
cabin crew over the next 5 years. The Board and people of Ryanair
are confident that our customers will love these new aircraft, they
will enjoy the new interiors, the more generous leg room, the lower
fuel consumption and the quieter noise performance, but most of
all, they will love the lower fares, which these aircraft will
enable Ryanair to offer not just in 2021, but for the next decade,
as Ryanair leads a strong recovery of Europe's aviation and tourism
industry out of the 2020 Covid-19 crisis."
ENDS
For further information
please contact:
Alejandra Ruiz Piaras Kelly
Ryanair Edelman Ireland
Tel: +353-1-9451799 Tel: +353-1-592 1330
press@ryanair.com ryanair@edelman.com
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