Ryanair talks with Boeing over Max 10 end without agreement
almost 4 years in The Irish Times
Ryanair has announced that its negotiations with Boeing for a Max 10 order have ended without any agreement on pricing.
Ryanair will take delivery of more than 200 B737 “Gamechanger” aircraft over the next five years from 2021 to 2025. These deliveries will see Ryanair’s fleet grow to over 600 aircraft capable of carrying over 200 million customers per annum.
Ryanair and Boeing had been in discussions about a large follow on order for Boeing Max 10 aircraft over the past 10 months.
However, Ryanair said that last week it became clear that the pricing gap between the partners could not be closed and accordingly, both sides have agreed to “waste no more time” on these negotiations.
Ryanair chief executive Michael O’Leary said the airline was “disappointed” it could not reach agreement with the plane maker.
“However, Boeing have a more optimistic outlook on aircraft pricing than we do, and we have a disciplined track record of not paying high prices for aircraft,” he said.
“We have a more than sufficient order pipeline to allow us to grow strongly over the next five years with a Boeing 737 fleet, which will rise to over 600 aircraft and will enable Ryanair to capitalise on the extraordinary growth opportunities that are emerging all over Europe as the continent recovers from the Covid pandemic.
“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,” he said.