Shareholders approve Ryanair’s bumper Boeing deal

Ryanair shareholders have approved the airline’s order of up to 200 Boeing aircraft which could be valued at more than €17.5m.

Shareholders approved the deal by an overwhelming majority at its EGM in Dublin yesterday — with some 99.93% voting in favour of the “game-changing” order.

In September, the carrier announced it had made a commitment to purchase 100 Boeing 737 MAX 200 aircraft with the option to take a further 100, which Ryanair chief executive, Michael O’Leary, said he was confident the company would take up.

Speaking yesterday, Mr O’Leary said: “Ryanair is proud and honoured to become the lead operator of Boeing’s 737 “game-changer” aircraft.“This order will expand our fleet to approx 520 aircraft by 2024 and create another 10,000 new jobs for pilots, cabin crew, and engineers in Europe, while allowing us to grow our traffic to over 150 million per annum.

“These new ‘game-changer’ aircraft will allow Ryanair to lower our costs and air fares, while improving our customer experience with more leg room and Boeing Sky Interiors, as part of our ‘Always Getting Better’ customer experience improvement programme,” the Ryanair CEO added.

“We wish to sincerely thank our board and shareholders for their overwhelming support for this new ‘gametangia’ aircraft order.”

When the deal was first announced, Mr O’Leary said that he expected the aircraft to hasten a new price war in Europe that he fully expected Ryanair to win.


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