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RYANAIR BUYS 30 NEW CFM LEAP-1B ENGINES
$500M INVESTMENT WILL IMPROVE RESILIENCE
Ryanair today (10 June) announced it has reached agreement with CFM to buy 30 new spare LEAP-1B engines which have a list price of $500m. These fuel-efficient engines, which deliver over the next 2 years, will support Ryanair’s fleet of 210x B737 Gamechanger aircraft and also the B737 MAX-10 aircraft which deliver in 2027. These 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
Ryanair’s Michael O’Leary said:
“We are pleased to continue to develop our 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. 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”.
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