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Ryanair CEO voices doubts over Boeing 737 MAX deliveries

BRUSSELS (Reuters) - Ryanair Chief Executive Michael O'Leary raised further doubts on Wednesday over Boeing (NYSE:BA)'s ability to fulfil an order of its 737 MAX aircraft on time...
Ryanair CEO voices doubts over Boeing 737 MAX deliveries © Reuters. Ryanair CEO Michael O'Leary holds a news conference in Brussels, Belgium September 7, 2022. REUTERS/Johanna Geron

BRUSSELS (Reuters) - Ryanair Chief Executive Michael O'Leary raised further doubts on Wednesday over Boeing (NYSE:BA)'s ability to fulfil an order of its 737 MAX aircraft on time and will meet the planemaker in Seattle this month to discuss production problems.

Ryanair, a major Boeing customer, has ordered 210 of the more fuel-efficient model and had received 73 by June. O'Leary said a further 51 of the 197-seat aircraft were due by the end of April, including 21 by the end of this year.

"We are concerned that Boeing will not meet those deliveries. They are running late at the moment, there are problems with production in Seattle and we want to understand those problems," O'Leary told a news conference.

"They say they can. We doubt their capacity to deliver. We were supposed to get 21 aircraft this side of Christmas. They are now mumbling it might be 17, it might be 15. It's difficult to get any specifics out of Boeing."

A spokesperson for Boeing did not immediately respond to a request for comment.

O'Leary said Ryanair had agreed during discussions with Boeing last week to go to Seattle to establish when it would be getting the 51 aircraft, which it said were needed to ensure continued growth next year.

The Irish airline flew a record number of passengers for the fourth month in a row in August as it consolidated its position as Europe's largest airline by passenger numbers.

O'Leary said in July that he was confident the aircraft would be delivered but concerned about a possible repeat of delays this year that forced it to take deliveries during its busy summer season.

"At the moment I don't trust what the Boeing team in Seattle are telling us because they keep letting us down," O'Leary told Wednesday's news conference, which was focused on Ryanair plans to stop using Brussels' main airport as a base.

The airline blamed higher airport fees and a Belgian eco-tax.

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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