FILE PHOTO: Ryanair Chief Executive Michael O’Leary speaks during a Reuters Newsmaker event in London, Britain October 1, 2019. REUTERS/Peter Nicholls
November 1, 2021
DUBLIN (Reuters) – Ryanair on Monday said that Boeing was “delusionary” for imposing a double-digit price increase for an order for the 737 MAX 10 during talks earlier this year.
Europe’s largest low-cost carrier in September abruptly ended talks with the U.S. planemaker over a new order of 737 MAX 10 jets, worth tens of billions of dollars, due to differences over price.
Speaking in a video presentation following the airline’s latest financial results, Group Chief Executive Michael O’Leary said Boeing’s approach was “delusionary”.
“Boeing out of the blue sought a… substantial double-digit price increase. I don’t understand the strategy. We think Boeing’s approach to this is delusionary,” he said, describing Ryanair as the only significant customer that Boeing has in Europe.
“Ryanair I think was very close, in active negotiations for a follow-on order for MAX 10 but Boeing walked away from the discussions because they are looking for a price increase at a time when prices should be falling so Boeing can recover its production,” O’Leary said.
Boeing did not immediately respond to an emailed request for comment.
(Reporting by Conor Humphries, Editing by Louise Heavens)
Source: One America News Network
