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

by Mike Robinson

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© Reuters. FILE PHOTO. A Ryanair Boeing 737-880 plane approaches Paris-Beauvais, France on September 27, 2018. REUTERS/Christian Hartmann

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

The U.S. planemaker ended negotiations with Europe’s biggest low-cost carrier this month over an order for larger 737 MAX 10 aircraft. This was due to price differences.

Ryanair Group chief executive Michael O’Leary stated that Europe’s low-cost carriers would drive demand for Airbus A320 family planes, not Boeing. If Ryanair does not cut its prices or make a deal with Ryanair.

The comments were made in a reply to a Reuters article which quoted a Boeing executive as saying that low-cost carriers would be the key to growth.

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