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Investing.com -- Ryanair Holdings (NASDAQ:RYAAY) PLC (LSE:RYA) on Tuesday announced a $500 million investment in 30 new LEAP-1B engines.
The move is part of the airline’s broader strategy to expand its fleet to 800 Boeing (NYSE:BA) 737s by 2034.
The investment in the new engines is a significant step towards the company’s long-term fleet expansion plan.
The LEAP-1B engines, known for their fuel efficiency and reduced noise levels, will be a valuable addition to Ryanair’s existing fleet.
The airline’s ambitious expansion plan aims to substantially increase the number of Boeing 737s in its fleet by 2034.
This move signifies the company’s commitment to growth and its confidence in the steady demand for air travel in the coming years.
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