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Boeing Lands Ryanair Order for 75 Boeing 737 Max Jets as Grounding Ends
Posted
December 4, 2020
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December 4, 2020
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Dec 4, 20205:07Now PlayingBoeing Co. sealed a landmark order for its 737 Max jet from Ryanair Holdings Plc, boosting the U.S. planemaker’s efforts to revive its best-selling model after a 20-month grounding.
Dublin-based Ryanair will add to an existing Max purchase by taking 75 more of the single-aisle aircraft, the companies said in a statement Thursday. The firm order has a list value of $9.4 billion before significant discounts that are customary for plane purchases.
The deal gives the embattled Max a seal of approval from Europe’s most valuable airline as Boeing attempts to restore global confidence in the workhorse jetliner. Regulators worldwide grounded the aircraft in March 2019 after two crashes in less than five months killed 346 people. It was cleared to fly again by the U.S. Federal Aviation Administration last month, while European regulators granted preliminary approval.
Boeing Chief Executive Officer Dave Calhoun said on a media call that his company had updated Ryanair on the Max’s progress every few weeks and that the expanded order represents a vital vote of confidence.
“We have had one rough year,” Calhoun said. “This is a story of faith. Belief and faith in the future of our industry.” He pledged to “continue the work to re-earn the trust of all of our customers.”
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