B777LRF wrote:I must applaud Lightsaber for the mental gymnastics which leads to the conclusion, that the prices are better now (when Boeing have started to amass Max orders again, to the point they flatly refused Ryanair's "offer") than they were in 2020 when Boeing hadn't received a single Max order for almost a year, but instead had to book upwards of 1.000 cancellations. I would dearly like to know how that conclusion was reached, and I don't for one second buy the idea that the engines - or the maintenance thereof - have suddenly become cheaper. Why would they, when CFM have exclusivity on the Max and are selling the Leap in record numbers.
The only plausible explanation is that the LOI was nothing but a marketing stunt, which might just be a single piece of paper saying "we agree that BA are interested in purchasing 200 Max aircraft", with no further details on pricing, delivery timetable or support agreement.
The IAG LOI was signed in June 2019, only a few months into the grounding when Boeing expected the plane back in service by the end of the year, not in 2020. It had not been years since the last order nor had there been thousands canceled.
Most Max cancelations have been because of covid (with the grounding delay providing an easy out of contracts), not the plane itself. The Ryanair comparison is not a good one. We don’t know what price they were asking for, how that compares to the price in the LOI, nor how it compares to price Boeing achieved in other recent deals signed this year (and how those prices compare to the LOI). It’s entirely possible that the LOI was for a 50% discount, recent orders have been at 60% discount, and Ryanair was asking for 70% discount.