Ryanair (FR, Dublin Int'l) has secured "millions of euros" in compensation from Boeing for the ongoing grounding of the B737 MAX aircraft affecting the Irish LCC, the Irish Independent has reported.

Neither of the parties confirmed the deal, although Ryanair CEO Michael O'Leary revealed earlier in May that the LCC was in talks with the manufacturer regarding the compensation.

According to the report, the compensation involves a haircut on the amount that Ryanair had already owed to Boeing.

While Ryanair does not operate any B737-8s and does not have any B737 MAX grounded, it was due to start taking its first B737-8-200s in spring 2019. The carrier has a total of 135 aircraft of the type on order from Boeing and is one of only two customers for the -200 in the world (the other being VietJetAir). Ryanair now expects to start taking deliveries of the new generation B737s in October and launch commercial flights with the type in November 2019, subject to regulatory approvals.