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

Ryanair passengers have shown no concern over Boeing jets, says CEO

Published 11/01/2024, 09:33
Updated 11/01/2024, 16:30
© Reuters. Ryanair's Group CEO Michael O'Leary speaks during a Reuters TV interview in Berlin, Germany, January 11, 2024. REUTERS/Nadja Wohlleben

By Klaus Lauer

BERLIN (Reuters) - Ryanair (LON:0RYA) passengers have not shown any concern about flying on Boeing (NYSE:BA) 737 aircraft since the grounding of some 737 MAX jets after a cabin panel blowout on an Alaska Airlines flight, Chief Executive Michael O'Leary said on Thursday.

The U.S. Federal Aviation Administration (FAA) grounded 171 MAX 9 planes on Saturday after a panel called a door plug blew off an Alaska Airlines flight not long after taking off from a Portland, Oregon, airport on Friday.

Ryanair, Europe's largest airline by passenger numbers, is one of Boeing's largest customers and operates different variants of the 737 MAX from the type that has been grounded.

"We see no indication of any passenger concern ... not one passenger," O'Leary told Reuters in an interview, adding that the biggest threat to the MAX came when it was grounded for nearly two year in 2019 following two crashes.

O'Leary said that while the MAX 9 issue was concerning, he had confirmed following lengthy weekend phone calls with U.S., European and Irish regulators that there was no read across to the MAX 8 model Ryanair flies or MAX 10 it has on order.

O'Leary added, however, that while the U.S. planemaker had made "tremendous strides" in the last two years on production quality, "they're not there yet".

"We ourselves have found minor issues on aircraft deliveries that shouldn't be occurring in a world class manufacturer like Boeing and I think Boeing have more to do on the quality control side," he said.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

O'Leary said he remained 100% committed to Boeing for future orders and had a lot of faith in Boeing CEO Dave Calhoun and finance chief Brian West, but that Ryanair still had concerns about Boeing's day-to-day production management in Seattle and that of supplier Spirit AeroSystems in Wichita.

"They've changed the management in Wichita but I think more needs to be done with the day-to-day management in Seattle," he said.

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.