Ryanair to wait for aircraft cycle to turn before placing more orders - O'Leary


Reuters | Dublin | Updated: 01-10-2019 15:30 IST | Created: 01-10-2019 14:39 IST
Ryanair to wait for aircraft cycle to turn before placing more orders - O'Leary
Image Credit: Flickr
  • Country:
  • Ireland

Ryanair will wait until the next turn of the cycle before it can place an order for more Boeing or Airbus jets at cheaper prices, Chief Executive Michael O'Leary said on Tuesday. Ryanair is one of the biggest customers of Boeing's grounded 737 MAX aircraft, with 135 firm aircraft orders and 75 options, and O'Leary said the company's shift to a group structure could see the company take on Airbus jets into its fleet in the medium term.

"There will be opportunities there, but at the moment there are no pricing opportunities on aircraft. The MAX has been grounded, Airbus are pricing up, Boeing are pricing up because they've nothing to sell," O'Leary said at a Reuters Newsmaker event in London. "I think we have to wait for the next turn in the cycle."

Also Read: Boeing settles 1st Lion Air cases with MAX families, USD 1.2 mn per victim: source

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback