financetom
Business
financetom
/
Business
/
Market Chatter: Ryanair CEO Criticizes Boeing for Delivery Delays
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Ryanair CEO Criticizes Boeing for Delivery Delays
Aug 29, 2024 2:46 AM

07:33 AM EDT, 08/27/2024 (MT Newswires) -- Ryanair Holdings' ( RYAOF ) group chief executive officer, Michael O'Leary, criticized Boeing's ( BA ) new management for ongoing delivery delays, saying that the Irish airline may only receive 20-25 of the 29 planned 737 MAX aircraft by next summer, Reuters reported on Tuesday.

The airline received only five of the seven aircraft scheduled for July and expects just five of ten for August, Reuters quoted O'Leary as saying in an interview.

"Boeing ( BA ) have had significant production problems. We think they're getting to the end of that," O'Leary said.

O'Leary said the smaller MAX 7 certification will most likely be delayed until early next year, and it is unclear whether the MAX 10 certification will be completed by early next year.

Boeing ( BA ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 111.30, Change: +6.99, Percent Change: +6.70

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
UK's Balfour Beatty names Philip Hoare as CEO
UK's Balfour Beatty names Philip Hoare as CEO
Mar 5, 2025
March 5 (Reuters) - British real estate services provider Balfour Beatty on Wednesday named Philip Hoare as its next CEO, to replace Leo Quinn who will leave the company after more than 10 years. Hoare joins Balfour Beatty from global engineering services group AtkinsRéalis, where he was chief operating officer for a year after leading the UK and global engineering...
Prada's Bertelli 'very cautious' about possible acquisitions, he tells newspaper
Prada's Bertelli 'very cautious' about possible acquisitions, he tells newspaper
Mar 5, 2025
MILAN, March 5 (Reuters) - Luxury fashion group Prada's leading shareholder Patrizio Bertelli said on Wednesday he was very cautious about the possibility of making acquisitions, although the group is ready to look at potential opportunities. Relaunching a brand is difficult, in the early 2000s we bought Jil Sander and Helmut Lang and we made strategic mistakes, Chairman Bertelli, who...
France's Dassault Aviation posts strong sales growth amid increased defence spending
France's Dassault Aviation posts strong sales growth amid increased defence spending
Mar 4, 2025
(Reuters) - French planemaker Dassault Aviation reported a rise in its full-year sales on Wednesday, as geopolitical tensions fuel defence spending. Dassault Aviation, the biggest industrial shareholder in defence and technology firm Thales, said its adjusted net sales rose to 6.23 billion euros ($6.62 billion)in 2024, above its annual guidance and up from 4.80 billion euros in 2023. The group...
Malaysia probes server shipments connected to Singapore fraud case
Malaysia probes server shipments connected to Singapore fraud case
Mar 4, 2025
Kuala Lumpur, March 5 (Reuters) - Malaysia is investigating if local laws were breached in the shipment of servers linked to a Singapore fraud case, as they may have contained advanced chips subject to U.S. export controls. Singapore charged three men late last month with fraud in a case that domestic media linked to the transfer of Nvidia's ( NVDA...
Copyright 2023-2026 - www.financetom.com All Rights Reserved