Ryanair Decides Not to Buy 200 Boeing Planes

Boeing (BA) is seeing plenty of turbulence these days. No sooner does it get some good news than it gets smacked with bad. The good news was that on Tuesday, Boeing managed to get a partially successful test flight of its 787 off the ground. The bad news Friday, according to Bloomberg News, is that Ireland's Ryanair (RYAAY) has ended discussions regarding an order for 200 Boeing 737s valued at $1.4 billion (representing 0.55% of Boeing's $254 billion backlog) for delivery between 2013 and 2016.