Ryanair investing $500m in 30 new engines
The airline said these fuel-efficient engines will support Ryanair's fleet of 210x B737 Gamechanger aircraft and also the B737 MAX-10 aircraft which deliver in 2027.
It added that the 30 new engines greatly increase Ryanair's pool of spare engines to over 120, which will enhance Ryanair's operational resilience.
Ryanair plans to increase its fleet to 800x B737s (all powered by CFM engines) to grow its traffic to 300m guests p.a. by 2034.
Group CEO of Ryanair Michael O'Leary said they're pleased to continue to develop their longstanding partnership with CFM (Safran & GE Aerospace).
"Today's purchase of 30 new LEAP-1B spare engines is a significant $500m commitment to improve the operational resilience of our Group airlines," said Mr O'Leary
"These latest technology CFM engines reduce fuel consumption and CO2 emissions per seat by up to 20% when installed on our B737 MAX fleet, which will further widen Ryanair's cost leadership over competitor airlines in Europe."
CFM's President & CEO, Gael Meheust, said: "This new agreement is another milestone in the long and successful partnership we have built with Ryanair. We look forward to continuing to support Ryanair's significant growth by providing them with industry-leading reliability and utilization standards".
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Journal
16 hours ago
- The Journal
Michael O'Leary has written to the Irish Times for 'slagging off' his Metrolink opinions
RYANAIR BOSS AND billionaire Michael O'Leary has written to the Irish Times, criticising one of the newspaper's columnist, for 'slagging' him over his opinions on Dublin's Metrolink. O'Leary and fellow billionaire Dermot Desmond have said the cost of the multi-billion-euro transport project is unjustifiable . They have questioned its popularity and whether future advancements in other transport technology will make it obsolete. Irish Times columnist Justine McCarthy wrote last week that their comments 'show you can be rich and wrong', and claimed there was a 'tang of Marie Antoinette's 'let them eat cake'' about the tone of their remarks. In a response to the newspaper today, O'Leary made it clear that he did not appreciate the remarks. He repeatedly cited an inflated price tag of the Dublin transport project. Advertisement The airline owner questioned how Ireland could 'seriously consider wasting approximately €20 billion of taxpayer money'. A €23 billion price tag first-appeared in a ministerial briefing to Darragh O'Brien earlier this year, a figure that was a 'potential upper range' cost but was not the estimated cost. The Journal 's FactCheck has previously highlighted that the figure is a misleading claim. There is a 95% chance the figure will not go above €23 billion – but the more-likely price range is between €7.16 billion and €12.25 billion. Throughout his letter, he criticised the columnist and questioned what expertise she held in transport when compared to him and Desmond, who was previously involved in the 2006 redevelopment of London City Airport in the UK. He added: 'If the next time Ms McCarthy wants to offer an opinion on government transport projects, perhaps she could address the cost benefit of the project, rather than slagging off two successful – albeit opinionated – business people.' Referring to himself and Desmond, he added: 'But sadly we are both guilty of 'being rich', so therefore dismissed by The Irish Times 'experts', who know so much more about transport.' Related Reads As another Irish billionaire criticises Metrolink, this transport expert says it's 'the only show in town' Minister says Ryanair boss is a 'successful' man but he's wrong about MetroLink Metrolink gets €2 billion funding boost - but no one knows what the final cost will be yet He said the Metrolink was a 'white elephant' and claimed that there were 'far better uses of taxpayer funds'. He maintained his opinion that the cost of the Metrolink 'cannot be justified'. O'Leary also sought to dispel assertions by the columnist that he was opposed to the construction Dublin Airport's second runway, clarifying that he was only opposed to the location of the new tarmac. Last month, transport minister O'Brien noted that while the Ryanair boss is a 'successful' businessman, he believed O'Leary is wrong about the MetroLink. He claimed that the transport project would enable future economic development. Brian Caulfield, a professor in transportation at Trinity College Dublin, told The Journal last week that the passenger volume of trains, such as the Metrolink, can't be bested. He said the project was best-in-class, compared with any future transport developments . Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal
Irish Independent
a day ago
- Irish Independent
How Ryanair's case in US against Booking.com has upset tech providers and journalists
Online travel firm gets backing from lobby groups in legal dispute with airline When Ryanair launched an appeal against a decision by a US judge to quash a jury conviction against internet travel giant little did the airline realise it was about to open a can of worms. Three organisations that represent journalists and technology providers have rowed in behind backing the group in its legal dispute against the Irish airline. The Reporters' Committee for Freedom of the Press is arguing that a court ruling last year in Delaware 'would allow private parties to criminalise routine data journalism'.
Irish Independent
2 days ago
- Irish Independent
Ryanair's Michael O'Leary criticises ‘completely unjustified' French airfare levy hike
Ryanair group chief executive Michael O'Leary has criticised the French government after the airline announced that it is planning to reduce services to and from France this winter.
