Ryanair pulls out of talks for 200 Boeing planes

Irish low-cost carrier Ryanair (RYA.I) said it had ended talks with Boeing (BA.N) on an order for 200 aircraft order after a disagreement on contractual terms, and it was to slow investment in 2011 and 2012.

Ryanair had already said a deal on ordering B737-800 aircraft for 2013-16 delivery was unlikely because the U.S. planemaker wanted to change delivery conditions [ID:nGEE5B70YY].

"Ryanair has made clear to Boeing that we will not order aircraft if we believe that either the pricing or the other contractual terms and conditions will be inferior to those which we currently enjoy," chief executive Michael O'Leary said.

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- Posted: 2009-12-18 02:57:43

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