UK markets closed
  • NIKKEI 225

    29,255.55
    +40.03 (+0.14%)
     
  • HANG SENG

    26,136.02
    +348.81 (+1.35%)
     
  • CRUDE OIL

    84.25
    +1.29 (+1.55%)
     
  • GOLD FUTURES

    1,785.70
    +15.20 (+0.86%)
     
  • DOW

    35,609.34
    +152.03 (+0.43%)
     
  • BTC-GBP

    47,934.84
    +1,410.34 (+3.03%)
     
  • CMC Crypto 200

    1,547.94
    +67.14 (+4.53%)
     
  • ^IXIC

    15,121.68
    -7.41 (-0.05%)
     
  • ^FTAS

    4,118.78
    -0.40 (-0.01%)
     

Ryanair says Boeing risks ceding European low-cost market to Airbus

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
FILE PHOTO: A Ryanair Boeing 737 aircraft approaches Paris-Beauvais airport in Tille, France
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

LONDON (Reuters) - Ryanair on Tuesday warned that Boeing risked forgoing the main driver of growth in Europe, low-cost airlines, to rival Airbus unless it reversed a recent price increase.

Europe's largest low cost carrier earlier this month abruptly ended talks with the U.S. planemaker over a new order of the larger 737 MAX 10 jets, worth tens of billions of dollars, due to differences over price.

Ryanair Group Chief Executive Michael O'Leary said that "Europe's low cost carriers will drive demand for Airbus A320 family aircraft and not Boeing" unless it cuts its prices and does a deal with Ryanair.

He made the comments in a letter responding to a Reuters article that quoted a Boeing executive forecasting low-cost carriers would drive growth.

(Reporting by Sarah Young; Writing by Conor Humphries)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting