Hopes for Ryanair - Boeing deal receding
Speaking at a press conference in Dublin yesterday, Ryanair chief executive Michael O'Leary said that the airline will need to have reached tentative agreement with Boeing by the end of this month or very early in December to allow a formal agreement by signed by year end. If a deal is not reached by the end of the year, Ryanair will walk away from its long term relationship with the aircraft manufacturer. "I'm not wasting another Christmas holiday trying to talk to guys in Seattle", said O'Leary downplaying any expectation that a deal is in the offing.
O'Leary also said that the compnay could start paying very substantial senior management bonuses and shareholder dividends from 2011 "in that order. I think I'm worth it" he said.