Ryanair Acquires Leap-1B Engines for $500 Million
Ryanair, a low-cost carrier, has made a significant investment by purchasing 30 CFM Leap-1B engines for $500 million. This acquisition underscores the airline’s commitment to expanding its fleet.
Financial Details
- Price-to-earnings ratio: 16.7
- Price-to-book ratio: 3.61
The acquisition highlights Ryanair’s ongoing efforts to modernize its fleet and improve operational efficiency. The CFM Leap-1B engines are a key component of this strategy, offering improved fuel efficiency and reduced emissions.
Key Statistics
- Number of engines purchased: 30
- Total acquisition cost: $500 million