Last December, Ryanair (NASDAQ: RYAAY) gave Boeing (NYSE: BA) a big boost by placing an order for 75 additional 737 MAX 200 jets. That made it the first airline to place a major order for the troubled jet family following a nearly two-year lull, driven by the 737 MAX grounding and the COVID-19 pandemic.
Adding to Boeing shareholders' excitement, Ryanair CEO Michael O'Leary indicated that the European airline giant hoped to place a second big order (including the 737 MAX 10) within 12 to 18 months. However, last week, Ryanair announced that it had ended discussions with Boeing about a follow-on 737 MAX 10 order, as the two sides had been unable to agree on pricing.
The order Ryanair placed in late 2020 brought its 737 MAX order book to 210 units. Deliveries are scheduled to run through 2025, helping the airline grow its fleet from around 470 aircraft last year to 600 by the summer of 2025.
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Ryanair Scraps Boeing 737 MAX 10 Order Plans