Finance
Ryanair signs multi-billion dollar CFM deal to secure engine parts
Published by Global Banking & Finance Review®
Posted on February 10, 2026
2 min readLast updated: February 10, 2026
Tags:partnership
Quick Summary
Ryanair and CFM have signed a multi-billion dollar deal for engine parts, marking a significant partnership in the aviation industry.
Ryanair signs multi-billion dollar CFM deal to secure engine parts
Ryanair's Strategic Engine Parts Agreement
PARIS, Feb 10 (Reuters) - Budget airline giant Ryanair and jet engine maker CFM International have signed an agreement to support the planned opening of two Ryanair engine‑maintenance shops with a guaranteed flow of spare parts, the companies said on Tuesday.
Details of the Agreement
The plants will probably be based in continental Europe and the first will open in 2028, using Ryanair's financial strength to purchase spare parts early at a time of industry-wide shortages, Ryanair CEO Michael O'Leary told a news conference.
Future Plans for Maintenance Shops
Wearing a French rugby shirt days after Les Bleus defeated Ireland at the Stade de France, the Irish airline boss joked about prices charged for parts by engine makers but acknowledged the industry needed to improve returns after years of losses.
Industry Context and Challenges
"Beware the French bearing gifts; this is going to cost me," the Irish airline boss said as he signed the 15-year deal.
Under the agreement Ryanair will purchase all its engine parts from CFM, without resorting to independent third-party shops, O'Leary said.
The value of the deal was not given but the companies said it involved "multi-billion" dollars.
(Reporting by Tim Hepher, Gianluca Lo Nostro; Editing by Charlotte Van Campenhout and Louise Heavens)
Key Takeaways
- •Ryanair and CFM sign a multi-billion dollar deal.
- •Agreement covers engine material services.
- •CFM is a joint venture between Safran and GE Aerospace.
- •Ryanair will source all engine parts from CFM.
- •The deal signifies a long-term partnership.
Frequently Asked Questions about Ryanair signs multi-billion dollar CFM deal to secure engine parts
1What is a multi-billion dollar deal?
A multi-billion dollar deal refers to a financial agreement where the total value of the contract exceeds one billion dollars, often involving significant business transactions.
2What is a supply chain?
A supply chain encompasses all the steps involved in producing and delivering a product, from raw materials to the final consumer.
