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Ryanair would not expect to pay Boeing tariffs

DUBLIN (Reuters) – Ryanair (I:RYA) would not expect to have to pay extra for aircraft deliveries due to a new…

By financial2020myday , in Stock Markets , at November 11, 2020

DUBLIN (Reuters) – Ryanair (I:RYA) would not expect to have to pay extra for aircraft deliveries due to a new 15% tariff announced by the European Union this week on Boeing (NYSE:BA) aircraft, a senior executive said on Tuesday.

“We wouldn’t be paying them,” Eddie Wilson, Chief Executive of Ryanair DAC, the largest of the Ryanair Group’s four airlines, told a virtual CAPA aviation summit when asked about the tariffs.

But he said that Ryanair expected that the victory of U.S. President-elect Joe Biden would lead to a “reset” in the trade dispute in any case.

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