Ryanair Backs 737-10, Eyes UK AOC to Avoid Potential Tariffs

Ryanair has confirmed it will stick with its Boeing 737 MAX 10 order after receiving assurances from Boeing about timely deliveries. CEO Michael O’Leary said Boeing promised clarity by June on certification and delivery timelines. The airline had considered switching to more Boeing 737-8-200s but decided to move forward with the MAX 10.

According to Ryanair’s Q2 2025 financial results, Boeing expects MAX 10 certification by late 2025, with the first 15 deliveries set for spring 2027 and 300 total deliveries due by March 2034. Ryanair also expects the remaining 29 Boeing 737-8-200s in its 210-aircraft order to arrive by summer 2026.

Tariff uncertainty remains a concern. The U.S. has delayed potential tariffs on EU goods from July 9 to August 1, amid ongoing negotiations. O’Leary expressed cautious optimism, noting commercial aircraft and leasing may be exempt due to the U.S.’s strong aerospace export position. “The purchase price is fixed in our Boeing agreements,” he said.

If needed, Ryanair may register some deliveries under its UK AOC to bypass EU-related tariffs. Under the UK-U.S. trade deal finalized in June, aerospace products remain tariff-free, making Ryanair UK a viable workaround.

Ryanair Holdings currently operates 603 aircraft, including 395 Boeing 737-800s, 181 Boeing 737-8-200s, 26 Airbus A320-200s, and one Boeing 737-700 across its subsidiaries: Ryanair, Ryanair UK, Lauda Europe, Buzz, and Malta Air.

The group reported a Q2 net profit of EUR820 million (USD960 million), up from EUR360 million (USD422 million) year-over-year.

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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com