For sure, O'Leary missed the boat ordering those new planes!
I could not
disagree more. This recession/economic slowdown/credit crunch is
far from over, unless you believe the "stress test" bull**** propaganda from the politicians and oversight agencies.
Don't believe the fluff coming from Farnborough about some airlines buying aircraft on
credit. These orders will evaporate into thin air once the credit used to back them disappears. MOL (and some other low-costs) have plenty of
cash, are still profitable and can wait for the double dip recession to start biting when they are ready to place their orders.
As much as I dislike MOL (and his other low-life-low-cost management buddies), stupid they are not! Give it one more year for the world to be back into a recession, then give it one to two more years for Boeing or Airbus to
beg RyanScare or Sleazy to "please please please" order some airplanes just to avoid mass redundancies and closure of production lines...
