Ryanair says Boeing set ‘delusionary’ double-digit price increase By Reuters

© Reuters. FILE PHOTO: Ryanair Chief Government Michael O’Leary speaks throughout a Reuters Newsmaker occasion in London, Britain October 1, 2019. REUTERS/Peter Nicholls

DUBLIN (Reuters) – Ryanair on Monday stated that Boeing (NYSE:) was “delusionary” for imposing a double-digit value improve for an order for the 737 MAX 10 throughout talks earlier this yr.

Europe’s largest low-cost service in September abruptly ended talks with the U.S. planemaker over a brand new order of 737 MAX 10 jets, price tens of billions of {dollars}, on account of variations over value.

Talking in a video presentation following the airline’s newest monetary outcomes, Group Chief Government Michael O’Leary stated Boeing’s method was “delusionary”.

“Boeing out of the blue sought a… substantial double-digit value improve. I do not perceive the technique. We predict Boeing’s method to that is delusionary,” he stated, describing Ryanair as the one important buyer that Boeing has in Europe.

“Ryanair I believe was very shut, in energetic negotiations for a follow-on order for MAX 10 however Boeing walked away from the discussions as a result of they’re searching for a value improve at a time when costs ought to be falling so Boeing can get better its manufacturing,” O’Leary stated.

Boeing didn’t instantly reply to an emailed request for remark.

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