Ryanair expects Boeing to take 12-18 months to clear backlog
Reuters
Published Apr 24, 2024 10:09
Updated Apr 24, 2024 11:38
By Joanna Plucinska
LONDON (Reuters) -Europe's biggest airline Ryanair (LON:0RYA) expects Boeing (NYSE:BA) to take 12 to 18 months to eliminate backlogs in its aircraft deliveries, group chief executive Michael O'Leary said in London, reinforcing a call for more quality oversight.
Boeing said this week it expected a slower increase in its production rate and deliveries as it faces scrutiny over quality control since a January mid-air panel blowout on a near-new 737 MAX 9.
O'Leary added it didn't make a difference whether Boeing owned supplier Spirit Aerosystems, but "quality control does need to be improved".
He said Ryanair was still planning to restart flights to Tel Aviv in June as long as a new low-cost terminal opened and the security situation allowed.
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.