Ryanair Talks With Boeing Over 737 MAX 10 Order End on Pricing Disagreements

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 [e-mail]

(END) Dow Jones Newswires

September 06, 2021 06:03 ET (10:03 GMT)

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