Irish budget airline Ryanair said Thursday it is ordering 75 more Boeing 737 Max jets, a boost for Boeing just before its most important plane returns to flying after two deadly crashes.
The order would be worth more than $9 billion at list prices, although airlines routinely receive deep discounts. Financial terms of the deal were not disclosed.
Boeing shares soared nearly 7% in afternoon trading.
The announcement was a huge lift for Chicago-based Boeing, which has suffered cancelled orders for the plane since it was grounded nearly 21 months ago and while demand for new jets plummeted because of the coronavirus pandemic.
So far this year, customers have cancelled orders for 448 Max jets and Boeing has raised doubt about another 782 orders because of the airlines’ pandemic-weakened financial health. The company has reported only five Max orders in 2020.
Boeing CEO David Calhoun said he was confident that