Ryanair Buys 75 Boeing MAX Jets for $9 Billion

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Ryanair ordered 75 Boeing 737 MAX jets on Thursday afternoon with a list price of $9 billion, throwing a commercial lifeline to the US planemaker after regulators lifted a safety ban.

According to a Business Insider report, the order from the Irish airline, which is known for being the biggest low-cost carrier of Europe and one of Boeing’s most important customers, represents the largest for the jet in two years before two fatal crashes left to the 20-month global flight ban.

“I’ve always had faith that the order book would begin to fill with the return of the industry,” Boeing Chief Executive Officer David Calhoun told reporters at a signing ceremony in Washington. Boeing shares were up 6 percent after the Business Insider report.

“It’s certainly the deal of the new century,” Ryanair Chief Executive Officer Michael O’Leary said in a statement. The budget airline didn’t disclose the price it will pay, but traders say deals typically include discounts in excess of 50 percent of list prices.

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