Ryanair quits Boeing purchase talks

18/12/09 19:55 CET

corporate

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Irish airline Ryanair said it has pulled out of talks to buy as many as 200 aircraft from Boeing as they cannot agree price and contract terms.

Europe’s biggest low-cost carrier said it now aims to reduce its capacity growth from 2011 and will trim investment then to cut costs .

It is also planning to return surplus cash to investors from 2012 onwards.

That news lifted Ryanair’s shares.

More about: Airlines, Boeing

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