In order to purchase LEAP-1B engines to power 150 Boeing 737-10 aircraft, Ryanair and CFM International signed a Letter of Agreement (LoA). Along with options for 150 extra aircraft, the LoA also features spare engines.
Since 1998, Ryanair has been a client of CFM, and it currently owns and operates the largest fleet of Boeing Next-Generation 737s in Europe, as well as the largest fleet of CFM-powered Boeing aircraft. The Irish-based airline currently operates a fleet of 103 LEAP-1B-powered 737-8 aircraft.
The LEAP-1B engine has completed more than 4 million cycles and more than 10 million flight hours since going into service. In comparison to earlier generations of engines, the advanced CFM LEAP engine family offers over 15% better fuel efficiency, lower CO2 emissions, and a noticeable reduction in noise. The LEAP engine has enabled users to save more than 20 million tonnes of CO2 since it began operating in 2016.
Recently Ryanair Holdings placed an ordered for 300 new Boeing 737-MAX-10 aircraft (150 firm and 150 options) for delivery between 2027 to 2033.
When finalized, and subject to all options being exercised, this deal is valued at over $40bn at current list prices and is the largest order ever placed by an Irish Company for US manufactured goods.