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Ryanair pulls out of deal with Boeing

Budget airline Ryanair has today revealed it has pulled out of talks with aircraft giant Boeing after the pair were in discussions about a potential 200 aircraft order. While the company has suggested talks ended because the pricing or contractual terms conditions were not to its liking, it is common knowledge that the UK industry is struggling and literally every penny will count in the weeks and months to come.

While there is no suggestion that Ryanair is in financial trouble, there is a need for all airlines to pull back on investment in the short term and concentrate on consolidating their position in the business arena. Ryanair has been one of the more successful budget airlines of recent times although the collapse of Flyglobespan earlier this week has impacted upon confidence in the sector.

As with the UK banking sector, the UK airline industry which will leave the ongoing recession will be a very different animal to the one which entered the recession. The UK business arena itself will be a much scaled-down version of the "excessive" model we saw before the recession although no doubt those excesses will return in due course once the memories of the recession have faded.

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