Ryanair orders planes worth $40 billion from Boeing

Irish airline Ryanair has placed a huge order with US Boeing for 150 new aircraft. An option has also been made for an additional 150 aircraft. The two companies announced that the value of the order was 40 billion dollars (36.3 billion euros).

It is the largest order ever placed by an Irish company for goods made in the United States. These are Boeing 737 MAX 10 aircraft. These aircraft are more economical than their predecessor, the B737NG, and emit less harmful substances. The new aircraft has 228 seats, which is more than a fifth of the existing aircraft.

The 737 MAX 10 is a competitor to the European Airbus A320neo and A321 aircraft.

Ryanair CEO Michael O’Leary said earlier that demand for air travel is high and summer bookings are going very well. The Irish budget airline is expanding capacity to meet strong demand.

Given the size of the deal, the deal is subject to approval at Ryanair’s shareholder meeting in September.