Ryanair Talks With Boeing Over 737 MAX 10 Order End on Pricing Disagreements
September 06 2021 - 6:18AM
Dow Jones News
By Anthony O. Goriainoff
Ryanair Holdings PLC said Monday that its negotiations with
Boeing Co. over an order for the Boeing 737 MAX 10 aircraft have
ended as an agreement on pricing couldn't be reached.
The Irish low-cost carrier said that although both companies had
been in discussions over the past 10 months, it became clear last
week that the pricing gap couldn't be closed and that both parties
have agreed "to waste no more time on these negotiations."
Still, the budget airline said it will take delivery of over 200
Boeing 737 aircraft from 2021 to 2025, and that these deliveries
will see its fleet grow to over 600 aircraft.
The airline said it had a disciplined track record of not paying
high prices for aircraft, and that Boeing's outlook on aircraft
pricing was more optimistic than theirs.
"We do not share Boeing's optimistic pricing outlook, although
this may explain why in recent weeks other large Boeing customers
such as Delta and Jet2, have been placing new orders with Airbus,
rather than Boeing," Chief Executive Michael O'Leary said.
Shares in London were up 0.9% at EUR16.05.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
September 06, 2021 06:03 ET (10:03 GMT)
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