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DALLAS — Ryanair (FR) announces a US$500 million investment in 30 brand-new CFM LEAP-1B spare engines for its Boeing 737-10 lineup. The brand-new engines developed by the GE Aerospace-Safran joint venture are set to be delivered in 2027.
This investment focuses on enhancing operational reliability and performance for the airline, resulting in increased fuel efficiency and aligning perfectly with FR’s vision to deliver 300 million passengers annually by 2034.
Two-year Plan
The engines will be added to their inventory over the next two years, increasing their reserve engine stockpile to over 120, the largest in Europe.
"These latest technology CFM engines can reduce each seat's fuel use and CO2 emissions by nearly 20% when installed on our Boeing 737 MAX aircraft," said FR CEO Michael O'Leary, underscoring the cost and environmental benefits.
"This will further extend FR's leadership in low-cost against European competitor airlines."
Based in DUB (Dublin Airport), FR continues its efforts in fleet modernization across the continent, leveraging strategic investments to solidify its position as Europe's largest carrier in terms of passenger numbers.
Featured image: Michael Rodeback/Airways
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