Boeing Co. sealed a landmark order for its 737 Max jet from Ryanair Holdings Plc, boosting the U.S. planemaker’s efforts to revive its best-selling model after a 20-month grounding.
Dublin-based Ryanair will add to an existing Max purchase by taking 75 more of the single-aisle aircraft, the companies said in a statement Thursday. The firm order has a list value of $9.4 billion before significant discounts that are customary for plane purchases.
The deal gives the embattled Max a seal of approval from Europe’s most valuable airline as Boeing attempts to restore global confidence in the workhorse jetliner. Regulators worldwide grounded the aircraft in March 2019 after two crashes in less than five months killed 346 people. It was cleared to fly again by the U.S. Federal Aviation Administration last month, while European regulators granted preliminary approval.