Ryanair invests $500 Million in 30 new CFM LEAP-1B engines

Ryanair has announced a $500 million investment in 30 new CFM LEAP-1B spare engines.

The fuel-efficient engines will be delivered over the next two years and will be used across the airline’s growing Boeing 737 fleet, including the 210 Gamechanger aircraft currently in operation and the B737 MAX-10 jets due in 2027. The LEAP-1B engine is known for its high efficiency and reduced environmental impact.

The acquisition, announced On Tuesday (today), will significantly expand Ryanair’s pool of spare engines to over 120 units, a strategic buffer that will help the airline minimise disruption and maintain efficiency across its European network.

Michael O’Leary, CEO of Ryanair, described the deal as a continuation of the airline’s close relationship with CFM International, a joint venture between Safran and GE Aerospace.

“We are pleased to continue to develop our longstanding partnership with CFM (Safran & GE Aerospace). Today’s purchase of 30 new LEAP-1B spare engines is a significant $500m commitment to improve the operational resilience of our Group airlines. These latest technology CFM engines reduce fuel consumption and CO2 emissions per seat by up to 20 per cent when installed on our B737 MAX fleet, which will further widen Ryanair’s cost leadership over competitor airlines in Europe,” he said.

Ryanair has ambitious plans to grow its fleet to 800 Boeing 737 aircraft by 2034, with the aim of increasing annual passenger traffic to 300 million. The airline’s focus on modern, fuel-efficient aircraft is also part of its broader effort to meet sustainability goals while keeping operating costs low.