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Ryanair shareholders back Boeing aircraft deal

The new Boeing 737 MAX planes features more seats and better fuel effeciency
The new Boeing 737 MAX planes features more seats and better fuel effeciency

Ryanair has said that 99.9% of shareholders have voted in favour of a deal to buy up to 200 Boeing 737 MAX planes at the airline's EGM today. 

When finalised, and if all its options are exercised, the deal will be valued at over $22 billion at current list prices.  

The new Boeing planes feature 197 seats (eight more than Ryanair’s existing 737-800s), more leg room, new interiors and new engines.

According to Ryanair, this will help reduce fuel consumption by up to 18% and reduce noise emissions by 40%. 

"Ryanair is proud and honoured to become the lead operator of Boeing’s 737 "gamechanger" aircraft," commented the airline's chief executive Michael O'Leary. 

"This order will expand our fleet to approximately 520 aircraft by 2024 and create another 10,000 new jobs for pilots, cabin crew and engineers in Europe, while allowing us to grow our traffic to over 150 million per annum," he added.