Airline company Ryanair announced on Monday that its negotiations with Boeing for a MAX10 order has ended without any agreement on price.
Ryanair has a current delivery of over 200 B737 'gamechanger' aircraft over the next five years from 2021 to 2025. These deliveries will see Ryanair's fleet grow to more than 600 aircraft, capable of carrying over 200m passengers per year.
No price agreed
However, Ryanair want a large follow-on order for Boeing MAX10 aircraft. Discussions which were taking place over the last ten months has ended without either side agreeing on a price.
“Last week it became clear that the pricing gap between the partners could not be closed and accordingly, both sides have agreed to waste no more time on these negotiations,” the Ryanair statement read.
Ryanair's Michael O'Leary said: “We are disappointed we couldn't reach agreement with Boeing on a MAX10 order. However, Boeing has a more optimistic outlook on aircraft pricing than we do, and we have a disciplined track record of not paying high prices for aircraft.
Disappointed
“We have a more than sufficient order pipeline to allow us to grow strongly over the next five years with a Boeing 737 fleet, which will rise to over 600 aircraft and will enable Ryanair to capitalise on the extraordinary growth opportunities that are emerging all over Europe as the Continent recovers from the Covid pandemic.”
“We do not share Boeing's optimistic pricing outlook, although this may explain why in recent weeks other large Boeing customers such as Delta and Jet2, have been placing new orders with Airbus, rather than Boeing.”
The stock price for Ryanair was up 1.32% in afternoon trading today.
