Ryanair Buys 30 New CFM Leap-1B Engines $500m Investment Will Improve Resilience

 

Ryanair today 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”.

 

Ryanair Holdings plc, Europe’s largest airline group, is the parent company of Buzz, Lauda, Malta Air, Ryanair & Ryanair UK. Carrying c.206m guests p.a. on approx. 3,600 daily flights from 93 bases, the Group connects over 230 airports in 37 countries on a fleet of almost 620 aircraft, and c.330 new Boeing 737s on order, which will enable the Ryanair Group to grow traffic to 300m p.a. by FY34. Ryanair has a team of over 26,000 highly skilled aviation professionals delivering Europe’s No.1 operational performance, and an industry leading 40-year safety record. Ryanair is one of the most efficient major EU airlines. With a young fleet and high load factors, Ryanair targets 50grams of CO₂ per pax/km by 2031 (a 27% reduction).

 

CFM is a 50/50 joint venture between GE Aerospace and Safran Aircraft Engines, CFM International has redefined international cooperation and helped change the course of commercial aviation since its founding in 1974. Today, CFM is the world’s leading supplier of commercial aircraft engines with a product line that sets the industry standard for efficiency, reliability, durability, and optimized cost of ownership. CFM International produces the LEAP family of engines and supports LEAP and CFM56 fleets for operators.

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