Ryanair agrees to buy 25 more Boeing 737 MAX planes

Above, a Ryanair Boeing 737 aircraft parked at Boryspil International Airport outside Kiev, Ukraine. The Irish low-cost carrier currently operates around 430 Boeing 737 planes. (Reuters)
Updated 24 April 2018
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Ryanair agrees to buy 25 more Boeing 737 MAX planes

DUBLIN: Ryanair has agreed to buy a further 25 Boeing 737 MAX planes, worth $3 billion at list prices, lifting its order of the US planemaker’s flagship short-haul plane model to 135, the two companies said on Tuesday.
The Irish low-cost carrier, which is the largest operator of Boeing planes in Europe, purchased 100 737 MAX planes in 2014 and took out options on 100 more.
Ryanair said the order leaves it with 75 more options.
It purchased 10 additional MAX planes in June last year, which were on top of the 2014 order.
Chief Executive Michael O’Leary in March said he expected to exercise “pretty much all” of its options.
Ryanair has dubbed the MAX a “game changer” for its business, due to a fuel consumption improvement it says could be up to 16 percent and a greater number of seats.
The configuration Ryanair has ordered has 197 seats compared to 189 in its current fleet of 737s.
Ryanair rivals easyJet and Wizz have ordered Airbus A321 planes, which seat up to 239 passengers.
Ryanair has held talks with Boeing about its new larger version of the 737 airliner, the MAX 10, which can carry up to 230 passengers, but has made clear it would only be interested if the price is lowered.
The first of Ryanair’s 737 MAX planes are due for delivery in the first half of 2019 and will use CFM Leap-1B engines.
Ryanair, which currently operates around 430 Boeing 737 planes, says the MAX order will allow it reach its target of carrying 200 million passengers per year by 2024.


Samsung may gain from Huawei’s plight in ongoing trade war: Fitch

Updated 4 min 35 sec ago
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Samsung may gain from Huawei’s plight in ongoing trade war: Fitch

  • The loss of access to Google’s android system may hurt the smartphone sales of Huawei outside China
  • The ratings agency also added that iPhone maker Apple could be another casualty of the trade tensions
Samsung may have a chance to strengthen its position in the smartphone market due to the hurt caused to Huawei Technologies in the wake of US-China trade tensions, according to Fitch Ratings.
Tech companies, including Google and SoftBank Group-owned chip designer ARM, have said they will cease supplies and updates to Huawei.
The loss of access to Google’s android system may hurt the smartphone sales of the Chinese technology company outside China, thereby giving Samsung a chance to improve its market share, Fitch Ratings said in a statement.
Earlier this month, the US government hit Huawei with severe sanctions as the US Commerce Department blocked the Chinese company from buying American goods amid its escalating trade spat with China.
The ratings agency also added that iPhone maker Apple could be another casualty of the trade tensions between Beijing and Washington, which would accelerate its market share loss in China.