DUBLIN: Ryanair has agreed to buy a further 25 Boeing 737 MAX planes, worth $3 billion at list prices, lifting its order of the US planemaker’s flagship short-haul plane model to 135, the two companies said on Tuesday.
The Irish low-cost carrier, which is the largest operator of Boeing planes in Europe, purchased 100 737 MAX planes in 2014 and took out options on 100 more.
Ryanair said the order leaves it with 75 more options.
It purchased 10 additional MAX planes in June last year, which were on top of the 2014 order.
Chief Executive Michael O’Leary in March said he expected to exercise “pretty much all” of its options.
Ryanair has dubbed the MAX a “game changer” for its business, due to a fuel consumption improvement it says could be up to 16 percent and a greater number of seats.
The configuration Ryanair has ordered has 197 seats compared to 189 in its current fleet of 737s.
Ryanair rivals easyJet and Wizz have ordered Airbus A321 planes, which seat up to 239 passengers.
Ryanair has held talks with Boeing about its new larger version of the 737 airliner, the MAX 10, which can carry up to 230 passengers, but has made clear it would only be interested if the price is lowered.
The first of Ryanair’s 737 MAX planes are due for delivery in the first half of 2019 and will use CFM Leap-1B engines.
Ryanair, which currently operates around 430 Boeing 737 planes, says the MAX order will allow it reach its target of carrying 200 million passengers per year by 2024.
Ryanair agrees to buy 25 more Boeing 737 MAX planes
Ryanair agrees to buy 25 more Boeing 737 MAX planes
Closing Bell: Saudi main index slips to close at 11,228
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, lost 23.17 points, or 0.21 percent, to close at 11,228.64.
The total trading turnover of the benchmark index was SR2.99 billion ($797 million), as 170 of the stocks advanced and 82 retreated.
On the other hand, the Kingdom’s parallel market Nomu gained 449.38 points, or 1.90 percent, to close at 24,093.12. This comes as 43 of the stocks advanced while 27 retreated.
The MSCI Tadawul Index lost 6.07 points, or 0.40 percent, to close at 1,511.36.
The best-performing stock of the day was Obeikan Glass Co., whose share price surged 7.54 percent to SR27.66.
Other top performers included Alamar Foods Co., whose share price rose 6.80 percent to SR47.10, as well as Saudi Kayan Petrochemical Co., whose share price climbed 6.79 percent to SR5.66.
Saudi Investment Bank recorded the steepest drop, falling 3.21 percent to SR13.56.
Jahez International Co. for Information System Technology also saw its share price fall 3.15 percent to SR13.55.
Rabigh Refining and Petrochemical Co. declined 2.78 percent to SR7.34.
On the announcements front, Tanmiah Food Co. reported its annual financial results for the period ending Dec. 31. According to a Tadawul statement, the company recorded a net loss of SR18.8 million, compared with a net profit of SR95.8 million a year earlier.
The net loss was mainly due to ongoing market challenges that resulted in continued pricing pressures in fresh poultry, inflationary cost pressures, higher financing expenses, and depreciation and ramp-up costs from new facilities, partially offset by increased production volumes and cost-optimization initiatives.
Tanmiah Food Co. ended the session at SR58.20, up 3.72 percent.
United International Holding Co., also known as Tas’heel, announced its annual financial results for the period ending Dec. 31. A bourse filing showed the company recorded a net profit of SR273.64 million in 2025, up 23.05 percent from 2024, primarily driven by a 23.4 percent rise in revenues. The revenue growth helped lift gross profit by 23.7 percent.
Tas’heel ended the session at SR146.80, down 0.28 percent.
