Stock Market News

Ryanair voices concern over Boeing delays and MAX 10 certification

2022.07.25 16:46

Ryanair voices concern over Boeing delays and MAX 10 certification
FILE PHOTO: An aerial view of a Boeing 737 MAX 10 airplane parked at King County International Airport-Boeing Field in Seattle, Washington, U.S, June 1, 2022. REUTERS/Lindsey Wasson/File Photo

DUBLIN (Reuters) – Ryanair on Monday said that Boeing (NYSE:BA) had warned it of possible delays to 21 737 MAX aircraft due for delivery before the end of the year and said it was also worried about the certification of the new MAX 10 aircraft.

Boeing remains a “major area of concern” for Ryanair, one of the U.S. aerospace giant’s leading customers, Group Chief Executive Michael O’Leary told investors on a call following the release of quarterly results.

Boeing did not immediately respond to an emailed request for comment.

O’Leary said he was confident that Boeing would deliver all 50 737 MAX aircraft due by next summer but he was concerned about a possible repeat of delays this year that forced it to take deliveries during its busy summer season.

“In the last two weeks, we’re getting letters out of Boeing telling us there might be problems with 21 aircraft this side of Christmas,” O’Leary told investors on a conference call.

A delay would be “inexplicable and unacceptable,” he added.

O’Leary said that he had been assured that Ryanair deliveries would take priority this winter.

“Management in Seattle… need to get their finger out,” O’Leary said, repeating a call for a change in management at Boeing’s Seattle operations.

O’Leary said he was still interested in a large order for the MAX 10 – the largest member of its best-selling single-aisle airplane family – but that Boeing had not offered attractive enough pricing yet.

“We would hope eventually they will get there,” he said.

Ryanair last year walked away from negotiations with Boeing for 200 of the MAX 10. The MAX 10 programme, which has not yet been certified, received a boost at Britain’s Farnborough Airshow last week with Delta Air Lines (NYSE:DAL) ordering 100 and Qatar Airways 25.

O’Leary said he was worried about delays to the certification and the possibility that the cockpit would have to be redesigned.

Boeing faces a December deadline to win approval for the 737 MAX 10, otherwise it must meet new cockpit alerting requirements under a 2020 law, unless waived by Congress.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 82,755.17 6.66%
ethereum
Ethereum (ETH) $ 2,273.64 9.03%
tether
Tether (USDT) $ 0.998873 0.01%
xrp
XRP (XRP) $ 2.17 5.30%
bnb
BNB (BNB) $ 595.42 4.70%
solana
Solana (SOL) $ 131.58 9.45%
usd-coin
USDC (USDC) $ 0.999881 0.02%
dogecoin
Dogecoin (DOGE) $ 0.19762 6.35%
cardano
Cardano (ADA) $ 0.63615 6.66%
staked-ether
Lido Staked Ether (STETH) $ 2,256.08 9.61%
tron
TRON (TRX) $ 0.223074 3.68%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 82,607.13 6.62%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,716.24 8.57%
chainlink
Chainlink (LINK) $ 14.75 3.52%
litecoin
Litecoin (LTC) $ 122.08 6.20%
avalanche-2
Avalanche (AVAX) $ 21.11 4.26%
stellar
Stellar (XLM) $ 0.280425 3.92%
sui
Sui (SUI) $ 2.76 5.13%
the-open-network
Toncoin (TON) $ 3.40 4.30%
leo-token
LEO Token (LEO) $ 8.99 0.13%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 1.30%
hedera-hashgraph
Hedera (HBAR) $ 0.188918 2.79%
usds
USDS (USDS) $ 0.999176 0.06%
polkadot
Polkadot (DOT) $ 4.64 1.35%
mantra-dao
MANTRA (OM) $ 7.07 8.03%
weth
WETH (WETH) $ 2,272.88 8.90%
hyperliquid
Hyperliquid (HYPE) $ 18.59 8.24%
ethena-usde
Ethena USDe (USDE) $ 0.998776 0.06%
bitcoin-cash
Bitcoin Cash (BCH) $ 287.45 2.06%
bitget-token
Bitget Token (BGB) $ 3.94 7.29%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,416.23 8.33%
uniswap
Uniswap (UNI) $ 7.68 8.67%
monero
Monero (XMR) $ 210.80 2.76%
whitebit
WhiteBIT Coin (WBT) $ 26.05 4.61%
near
NEAR Protocol (NEAR) $ 2.91 2.43%
aptos
Aptos (APT) $ 5.71 0.74%
pepe
Pepe (PEPE) $ 0.000008 4.77%
dai
Dai (DAI) $ 1.00 0.01%
internet-computer
Internet Computer (ICP) $ 6.19 2.31%
ondo-finance
Ondo (ONDO) $ 0.93431 7.07%
aave
Aave (AAVE) $ 193.62 4.73%
susds
sUSDS (SUSDS) $ 1.04 0.07%
bittensor
Bittensor (TAO) $ 344.59 7.59%
ethereum-classic
Ethereum Classic (ETC) $ 18.13 4.45%
okb
OKB (OKB) $ 44.33 2.91%
gatechain-token
Gate (GT) $ 20.69 2.41%
official-trump
Official Trump (TRUMP) $ 12.60 7.20%
mantle
Mantle (MNT) $ 0.73608 8.22%
tokenize-xchange
Tokenize Xchange (TKX) $ 29.47 11.40%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 83,279.31 5.90%