Ryanair places major Boeing order after jet price truce

Europe's biggest low-cost carrier is placing a firm order for 150 of the 737 MAX 10, with options for another 150.

last year and unleashed a barrage of criticism over pricing and delays in delivery of previously ordered jets.

Industry sources said Ryanair may have paid more than it initially bargained for after holding out for a better deal, but one noted O’Leary took pains to avoid bashing Boeing, which had been anxious for the deal not to be painted as over-generous.“I have been told to say there was a competitive discount…although I didn’t think [it] was particularly competitive,” O’Leary joked to reporters, adding the order had risen by about 100 planes to help bring the two sides together.

On Monday, May 8, Reuters first reported that Ryanair was close to a major Boeing deal. Earlier on Tuesday, sources said the final deal could involve up to 200 to 300 jets including options. “We’ve had to accept a modestly higher price,” O’Leary said. However, if Ryanair maintains its 94% or near-full load on flights aboard the larger MAX 10 jets, the extra 30 seats will “pay for the aircraft in their entirety,” he said on Tuesday.

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