Ryanair says it's ordering 75 more Boeing Max aircraft
Irish discount carrier Ryanair said it's increasing its order of Boeing MAX-8200 aircraft by 75, taking its firm order to 210 from 135. "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," said Ryanair in a statement. Ryanair said it's agreed revised delivery dates with Boeing, 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. Boeing shares rallied 3.7%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
