Ryanair in talks to 'buy up to 400 aircraft'
06.08.08
Ryanair is in talks with Airbus and Boeing to buy up to 400 aircraft to secure mid-term growth, chief executive Michael O'Leary has told Sueddeutsche Zeitung. He said that planes were ‘about half as expensive as they were a few years ago’, because of the currently weak US dollar.
The airline reported first-quarter net profit down 85% last week as its fuel costs soared, and warned it may post a full-year loss of up to €60m if oil prices remain high. But Mr O'Leary told the newspaper: ‘The price [of oil] will fall below $100 again because demand is declining. There is no oil shortage. However, if prices remain high, only between three and five European airlines will stay afloat in the longer term, among them ‘Ryanair and maybe easyJet.'
Add to: del.icio.us | Digg it | Newsvine | NowPublic | Reddit
To book airport hotel stansted or airport car parking stansted at the lowest price, click on these links to two great stansted airport car parking and stansted airport hotel price comparison pages.
