Ryanair is unlikely to tap the bond market this year to finance part of a new Boeing order unless there is a dip in such markets, finance chief Neil Sorahan said on Tuesday.
The Irish airline on Tuesday agreed a multibillion-dollar deal for as many as 300 Boeing jets that it plans to fund substantially from internal cashflow but said it would also remain opportunistic in its fleet financing strategy.
“We’re unlikely (to tap the market this year) unless we’re being hugely opportunistic and we see a dip in the bond or the leasing market. The working assumption for the current financial year is that we’ll continue to pay down debt from our cash resources,” Sorahan said.
Source: Reuters