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Investing.com — Ryanair Holdings PLC (IR:RYA) is in the early stages of striking a major new aircraft order with jet maker Boeing Co (NYSE:BA), the Irish budget carrier’s chief executive officer Michael O’Leary said in an interview with the Financial Times on Thursday.
Speaking to the paper, O’Leary added that there was a multibillion-dollar deal “to be done” for either Boeing’s large single-aisle 737 MAX 10 aircraft or its smaller MAX 8200.
Negotiations over the purchase failed a year and a half ago due to a disagreement over prices. However, O’Leary claimed that Ryanair is seeing “some movement on pricing” from Boeing, according to the report.
Ryanair previously bought 75 MAX 8200 jets from Boeing for what O’Leary called a “ridiculously low price” in December 2020, when the COVID-19 pandemic caused a marked slowdown in air travel.
Boeing declined to comment, while Ryanair was not immediately available to respond to a request for comment from Reuters.
