Sept. 6 (UPI) — Irish low-cost air carrier Ryanair said Monday it has ended negotiations with U.S. aircraft maker Boeing on a proposed major order of its 737 Max 10 aircraft.
The two sides were unable to agree on a price for a “large order” of the aircraft after about 10 months of negotiations, Ryanair CEO Michael O’Leary said.
“We are disappointed we couldn’t reach agreement with Boeing on a Max 10 order,” he said in a statement. “However, Boeing have a more optimistic outlook on aircraft pricing than we do, and we have a disciplined track record of not paying high prices for aircraft.”
The carrier will go ahead, however, with an earlier order of more than 200 B-737 “Gamechanger” aircraft from Boeing over the next five years.
“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 capitalize on the extraordinary growth opportunities that are emerging all over Europe as the continent recovers from the COVID pandemic,” O’Leary said.
The Boeing 737 Max was grounded in 2019 after two crashes killed 350 people and the manufacturer is still recovering from the ensuing investigation. The 737 Max returned to skies last fall after fixing a problem with the automated flight system.
United Airlines announced in June it had ordered 200 Boeing 737 Max 10s as the industry bounces back from the pandemic.