Today's order builds on Avolon's existing orders and commitments for new technology, fuel-efficient single-aisle aircraft.
Boeing announced firm orders Tuesday for more than 45 planes worth $5.4 billion at list prices, though customers routinely negotiate discounts. Avolon's owned, managed and committed fleet will increase to 925 aircraft.
Ryanair now has orders placed with Boeing for 110 aircraft and has options to purchase another 100. With this new order, its outstanding order book now consists of 139 aircraft, putting the company on track to deliver a total of no less than 230 aircraft by 2023.
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"The 737 MAX with 197 seats provides Ryanair with the flawless solution for its additional capacity requirements as it strives to carry 200 million passengers per year by the middle of the next decade", said Ihssane Mounir, senior vice president, Global Sales & Marketing, Boeing Commercial Airplanes. With an aircraft portfolio that number more than 850 airplanes in service and on order, Avolon manages one of the largest, as well as the youngest fleets in the world.
The airline is also the launch customer of the 737 MAX 9 and its subsidiary, Malaysia-based Malindo Air was the first airline to take delivery and operate the 737 MAX 8 in commercial service.
Kevin McAllister, Boeing Commercial Airplanes President and CEO, commented: "We are honored to partner with Avolon for new 737 MAX airplanes as they look to strengthen their position as one of the world's premier commercial airplane lessors".
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The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.
The 737 MAX 10 will be the most profitable single-aisle airplane, offering the lowest seat costs ever.
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In a separate development, the company had acquired two used Boeing B737-900ER aircraft with lease attached from BOC Aviation . The order for 10 Boeing 737 Max 200 planes is in addition to 100 aircraft Ryanair had already ordered from the manufacturer.
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