After the low-cost carrier’s restart of talks with Boeing as the latest indication of the aviation industry’s recovery, Ryanair CEO Michael O’Leary expressed optimism on the possibility of placing a sizable order for brand-new aircraft.
Ryanair CEO Michael O’Leary
18 months after talks broke down over a price dispute, O’Leary claimed that there was still “a deal to be done” with negotiations between the Irish airline and Boeing for a fresh order of Boeing 737 aircraft in “the early stages.”
“We are back talking to them, which I think is a sign that there is some movement on pricing.I believe a solution can be reached,” he told the media.
Michael O’Leary, CEO of Ryanair, expressed confidence regarding the prospect of placing a significant order for brand-new aircraft following the low-cost carrier’s resumption of discussions with Boeing as the latest sign of the aviation industry’s revival.
O’Leary asserted that there was still “a deal to be done” with negotiations between the Irish airline and Boeing for a new order of Boeing 737 aircraft in “the early stages” 18 months after talks stalled over a price dispute.
O’Leary has frequently criticized the manufacturer over costs and its track record in delivering aircraft. Ryanair is one of Boeing’s largest and most significant airline clients.
O’Leary has acknowledged that the new planes will cost more than the “ridiculously low price” he paid for his most recent order, which he placed in the throes of the coronavirus outbreak, when the industry was essentially shut down.
Ryanair placed an order for 75 Max 8200 in December 2020, bringing its total for the single-aisle aircraft to 210, which analysts claimed would have been at a “screaming” discount.
Since then, O’Leary has criticized Boeing frequently for the delays in these aircraft deliveries, but the business recently made “real strides” in reducing its backlog, according to O’Leary.
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He claimed that the supply chain was self-organizing
In the past four months, Boeing has received orders for about 200 of its 787 widebody aircraft, despite its struggles, along with those of its archrival Airbus, to meet the resurging demand from airlines.
The state-owned Saudi Arabian Airlines and the recently launched national airline Riyadh Air each received orders for 78 Boeing 787s from the US business last week.
Speaking following the announcement in Saudi Arabia last week, Boeing’s Calhoun expressed his confidence that the parts shortages that have impeded the delivery of some of the company’s best-selling aircraft were lessening.
By the end of this year, things will likely be noticeably better, and by the end of the following year, they should be a thing of the past, Calhoun told the Financial Times. I’m fairly confident that the major problems are now in the past.
Additionally, Calhoun adhered to the firm’s full-year production and delivery guidance, which it had previously announced in November. A key component of Boeing’s strategy to boost sales and cash flow is the delivery of 787 Dreamliners.
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