Boeing Co. secured a landmark order from one of its most important customers, with Ryanair Holdings Plc agreeing to purchase as many as 300 of the company’s largest 737 Max aircraft in a bet on the post-pandemic travel recovery.
The order, made up of 150 firm purchases and the same number of options, has a list value of $40 billion, Boeing and Ryanair said in a statement Tuesday, though major deals typically command big discounts. Boeing shares jumped as much as 3.7% in New York, while Ryanair, Europe’s largest discount carrier, advanced 2.1% in Dublin.
