Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Ryanair expects to receive 40 Boeing planes by mid-July

Published 17/04/2024, 10:59
Updated 17/04/2024, 10:59
© Reuters. FILE PHOTO: A Ryanair aircraft lands at Ciampino Airport in Rome, Italy December 24, 2016. REUTERS/Tony Gentile/File Photo

ROME (Reuters) - Ryanair (LON:0RYA) expects Boeing (NYSE:BA) to deliver 40 new jets by mid-July, Chief Executive Michael O'Leary said on Wednesday, broadly in line with a revised schedule it has previously announced.

Speaking at a news conference in Rome, O'Leary said Ryanair plans to receive 35 plans from Boeing by the end of June and a further five in first two weeks of July.

The company was initially due to receive 57 Boeing MAX 8200 planes by the end of April, but a deepening crisis at Boeing had meant it would deliver just 40 jets before the end of June, Ryanair said in March.

O'Leary also said he thought a plan for Lufthansa to take a 41% stake in Italian carrier ITA should go ahead but with stronger competition remedies.

Ryanair is also sticking with its plan to resume flights to Tel Aviv on June 3 but will reconsider if the situation is not safe, he added.

 

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.