Ryanair close to placing major Boeing order -sources
Reuters
Published May 08, 2023 18:33
PARIS (Reuters) - Ryanair (LON:RYA) is close to signing a major new aircraft order with Boeing (NYSE:BA), two people familiar with the matter said on Monday.
The multi-billion-dollar deal for a three-digit quantity of 737 MAX jets could be announced as early as Tuesday, they added, asking not to be named.
Boeing and Ryanair declined to comment.
Boeing shares were flat in early afternoon trading.
Europe's largest budget carrier halted negotiations for at least 100 Boeing 737 MAX jets plus as many options in a pricing dispute some 18 months ago.
In March, Chief Executive Michael O’Leary said talks had resumed but insisted significant discounts would be needed.
He said Ryanair was now considering the 200-seat 737 MAX 8200 and the 230-seat 737 MAX 10.
In late 2021, O'Leary accused Boeing of trying to impose a "delusionary" price increase and declared a "marital rift" between the Irish carrier and its longtime sole supplier.
Boeing said at the time it valued Ryanair's business but had to exercise discipline.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.