Ryanair CEO takes a swipe at Boeing over Max jet delays [Business News Network (BNN) Energy & Resources (Canada)]
Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY)
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Source: Business News Network
Ryanair CEO takes a swipe at Boeing over Max jet delays Ryanair Holdings Plc Chief Executive Officer Michael O’Leary harangued Boeing Co. over the grounding of the 737 Max jet, saying he’s concerned the Irish carrier will receive zero planes by summer 2020. Ryanair, Boeing’s biggest European customer for the Max, has already slashed its estimate for the number of aircraft likely to be available for next year’s peak season. O’Leary warned Monday that even the revised figure is at risk if the manufacturer fails to get its act together soon. “We were originally expecting 58 aircraft for the summer of 2020, that’s now 30 at best. It may well move to 20, it could move to 10 and it could well move to zero,” O’Leary said on a call with analysts after reporting earnings. Boeing needs to put its fixes for the Max before regulators “pretty quickly,” he said. Ryanair had been due to receive the first Max of 135 on order in April, before the model was grounded worldwide after two fatal crashes in
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- RYAAY's page on the SEC website