Ryanair to wait for Boeing MAX price cut: O'Leary

Ryanair would wait years for Boeing to drop its prices before placing a big new plane order.

That's according to Chief Executive Michael O'Leary in an exclusive interview with Reuters Wednesday (September 8).

"Boeing are looking for a price increase at a time when many of their customers have moved to Airbus and they're not selling particularly well. But the talks can always be restarted but only when, you know, Boeing recognise that they need to price competitively if Ryanair is going to place a large follow-on order for MAX 10 aircraft."

Europe's largest budget carrier is one of Boeing's biggest buyers.

It is the region's main MAX customer, with 210 on order.

But Ryanair confirmed Monday it had ended talks over a new order worth tens of billions of dollars because prices were too high.

"We take the view we're still in the period of great crisis, Boeing take the view that 'no the world is fine and it is all recovered' and their latest pricing offer reflects that, so we're not wasting any more time on those MAX 10 discussions and nor will we for a period of two, four, six, eight, ten years - until we get to the next crisis."

A large Ryanair order would have been a big boost for Boeing as it tries to build confidence in the MAX, which was grounded worldwide after two crashes.

On Tuesday, a U.S. judge said shareholders could take legal action against Boeing's board of directors over the crashes that killed 346 people.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting