Ryanair to buy 30 new jet engines from CFM for $500 million
DUBLIN (Reuters) -Ryanair said on Tuesday it had agreed to buy 30 new spare LEAP-1B engines with a list price of $500 million from jet engine maker CFM, which the budget airline expects to reduce its fuel consumption per flight as it rapidly grows its fleet. It said the engines will also enhance operational resilience as it takes delivery of 300 Boeing 737 MAX 10 aircraft from 2027 and aims to grow its annual traffic to 300 million passengers by 2034 from the 200 million flown to end-March this year. The engines, developed by the CFM joint venture between GE Aerospace and Safran, will be delivered over the next two years and increase Ryanair's pool of spare engines to more than 120, Europe's largest airline by passenger numbers said.