Ryanair Says Boeing 737 "gamechanger" Order Approved At EGM - Quick Facts

(RTTNews) - Irish low-cost airline Ryanair Holdings plc (RYA.L,RYAAY) said its order to buy up to 200 Boeing "gamechanger" 737 MAX aircraft (100 firm & 100 options) has been approved by 99.93% of shareholders who voted at its EGM in Dublin this morning. If finalised and if all options are exercised, this deal would be worth more than $22 billion at current list prices. Ryanair is the lead customer for this new Boeing aircraft which would feature 197 seats (8 more than Ryanair's existing 737-800s), more leg room, new Boeing Sky Interiors, and CFM LEAP-1B engines, which would lower fuel consumption by up to 18% in Ryanair's configuration and reduce noise emissions by 40%. These aircraft would further reduce Ryanair's unit costs, and these savings would be passed on through reduced fares to Ryanair's customers, which would now grow from 82 million in 2014 to over 150 million customers per year by the end of the delivery stream in fiscal 2024.