Ryanair in Talks With Boeing, Airbus for 400 Planes

Business Materials 3 February 2009 07:02 (UTC +04:00)

Ryanair Holdings Plc is negotiating with Boeing Co. and Airbus SAS about buying from 300 to 400 short-haul aircraft in one of the largest-ever purchases of new planes, the Financial Times reported, citing Deputy Chief Executive Officer Michael Cawley, Bloomberg reported.

The company is expected to place the order within 24 months as it seeks to take advantage of a global weakening demand for aircraft, the FT said. Ryanair would be happy to move to a mixed fleet of both Boeing and Airbus, the newspaper said, citing Cawley.

Cawley confirmed the talks in a telephone interview with Bloomberg News last night. Ryanair has held "preliminary meetings" with both manufacturers, he said.