REG - Ryanair Holdings PLC Ryanair Holdings-RYA - RYANAIR & CFM AGREE MULTI-BILLION ENGINE CONTRACT

Ryanair HoldingsAnnouncement

10/02/2026 09:00

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RNS Number : 4118S  Ryanair Holdings PLC  10 February 2026

RYANAIR AND CFM AGREE MULTI-YEAR, MULTI-BILLION-DOLLAR ENGINE MATERIAL
SERVICES AGREEMENT

Ryanair, Europe's largest passenger airline, and CFM (a 50/50 joint venture
between France's Safran Aircraft Engines and the US GE Aerospace) have today
(Tues, 10 Feb) signed a Memorandum of Understanding (MoU) for a multi-year,
multi-billion-dollar engine material services agreement under which CFM will
support Ryanair's engine maintenance programme, which is expected to include
the opening of 2 engine MRO Shops, which Ryanair will open from 2029 to
support its fleet of almost 2,000 B737 engines.

This multi-year agreement means that Ryanair has committed to purchase all its
engine spare parts directly from CFM in a contract to support Ryanair's fleet
as it grows to 800 Boeing 737 family aircraft, and over 2,000 CFM engines. The
contract will support Ryanair's existing & future CFM56-7B and LEAP-1B
engines, which are fitted to the airlines Boeing 737 NG and MAX aircraft, and
Ryanair expects to take over the maintenance of these engines directly from
CFM when it opens 2 engine MRO Shops in Europe towards the end of this decade.
Across the term, Ryanair expects to commit to purchasing spare parts in excess
of $1bn p.a. directly from CFM.

In Paris, Ryanair's Group CEO, Michael O'Leary, said:

"We are pleased to extend our long-term partnership with CFM with this
multi-year, multi-billion-dollar spares support agreement. For the last 30
years, CFM has been maintaining all of Ryanair's CFM56 engines under a long
term "power by the hour" contract. However, from 2029 onwards, Ryanair expects
to bring the maintenance of its engines "in-house", and we are pleased to do
so with the help and support of our partners CFM. Ryanair will place
substantial orders for initial spare parts provisioning with CFM to support
the opening of each of these 2 Ryanair engine maintenance facilities. When
Ryanair takes over all its engine maintenance in-house, we expect this
contract will be worth in excess of $1bn annually to CFM in spare engines and
spare parts supplies. This new spare parts agreement extends our 30 year
partnership with CFM, and we look forward to working closely with CFM, Safran
and GE to support what will be one of the world's largest commercial aircraft
fleets, and one of the world's largest packages of Boeing 737 engines too."

Olivier Andriès, CEO of Safran, said:

"This new major milestone further strengthens the strategic relationship we
have built with Ryanair over the past three decades, and we are proud to
support their continued growth through this comprehensive MRO services
offering. With the ongoing success of the CFM56 and the rapid growth of the
LEAP fleet, we are investing to build a global MRO network within an open and
competitive ecosystem to help our airline customers optimize fleet efficiency
and control operational costs."

H. Lawrence Culp, Jr., chairman and CEO of GE Aerospace, said:

"Ryanair is one of our largest customers, and we value the opportunity to work
with them on solutions to increase capacity and reduce turnaround time. This
MoU demonstrates our commitment to an open MRO ecosystem that supports growing
demand while reducing cost of ownership."

 

Editor's Note: Ryanair operates a fleet of 650 aircraft, which comprises 410 x
Boeing 737 NG aircraft powered by the CFM56 engines, and 210 x Boeing 737 MAX
8 aircraft powered by CFM LEAP-1B engines. Ryanair also has 300 MAX 10
aircraft on order, which will also be powered by CFM LEAP-1B engines. With a
forecast fleet of 800 aircraft in 2034, Ryanair expects to own and operate
almost 2,000 CFM56 and LEAP-1B engines.

ENDS
For further info
please contact:   Ryanair Press
Office
 

T: +353-1-9451799

E: press@ryanair.com (mailto:press@ryanair.com)

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