Ryanair signs deal to buy 30 LEAP-1B engines from CFM

Business Business: Aviation major Ryanair on Tuesday signed a deal to buy 30 new LEAP-1B spare engines from jet engine maker CFM, with a list price of $500 million. The purchase will help reduce fuel consumption per flight as Ryanair’s fleet grows rapidly.

The engines will also enhance operational flexibility as it takes delivery of 300 Boeing 737 MAX 10 planes from 2027, the company said. The engines, developed by CFM, a joint venture between GE Aerospace and Safran, will be delivered over the next two years. The purchase will increase Ryanair’s pool of spare engines to more than 120.