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Ryanair boss expresses his trust in Boeing 737 MAX but asks for compensation

Dublin, Ireland - The Irish low-cost Ryanair expressed its confidence in the Boeing 737 MAX jets, despite safety concerns surrounding the aircraft after two fatal crashes in Indonesia and Ethiopia.

The carrier is one of the largest operators of the Boeing's single-aisle jetliners in the world with 455 older generation Boeing 737 jets in its fleet. The company has 135, 737 MAX 200 in its order book with 75 options, a special variant of the aircraft exclusively built for Ryanair.

Ryanair took the delivery of its latest Boeing 737-800 last year in December.

End of an era, Ryanair receives its final Boeing 737-800

But the airline had to delay the deliveries of its first 737 MAXs until winter due to the ongoing grounding of the aircraft by civil aviation regulators.

A worldwide flight ban has been imposed to the Boeing's 737 MAX series jets after two recent crashes, which killed 346 people.

"We continue to have the utmost confidence in these aircraft which have 4% more seats, are 16% more fuel efficient and generate 40% lower noise emissions," Ryanair said in a statement.

Ryanair believes the aircraft's high efficiency will provide significant operating cost savings thanks to its 16% lower fuel consumption and 40% lower noise emissions for the next 5 years.

However, due to delayed delivery dates, any meaningful cost benefits will appear in yearly figures from 2021 onwards.

The carrier blamed the 737 MAX grounding and delivery delays for its decreasing profits.

The airline had projected 1 million new passengers this summer alone with the addition of first 737 MAX jets.

“We’re having a discussion with Boeing about getting financial compensation for the delays, I don’t need cash,” Ryanair CEO Michael O’Leary told CNBC news.

Ryanair CFO Neil Sorahan told Reuters that they request a modest compensation. According to the industry experts who are close to the matter, The budget flight specialist seeks discounts for the planes on order with Boeing.

The 737 MAX 200 rolled out the assembly line in November 2018 and made its first flight this year in January.

Photos on Flickr account reveal the first flight of Boeing 737 MAX 200

Ryanair's first Boeing 737 MAX 200 rolls out the assembly line