Ryanair Is 'Debt Free' After Repaying Last €1.2bn Bond
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6 Articles
Since the company went public in 1997, this is the first time it has paid off all its debts, the Irish low-cost airline highlighted.
Ryanair is 'debt free' after repaying last €1.2bn bond
Ryanair has said it repaid its last €1.2 billion bond leaving the Ryanair Group "effectively debt free". Announcing what it called "a historic day," the carrier said it is the first time since Ryanair floated in 1997 that the airline has repaid all the debt.
Irish low-cost airline Ryanair has paid off its only remaining bonds. It is debt-free for the first time since it went public in 1997, the company said in a press release today. The company today paid off its €1.2 billion Eurobonds issued in May 2021. This means that its fleet of 620 Boeing 737 aircraft is now no longer pledged as collateral for debt. The aircraft are among the airlines' most valuable assets. According to CFO Neil Sorahan, payin…
Can Ryanair’s debt-free balance sheet boost its low-cost edge?
Ryanair said it had repaid its final outstanding bond, leaving the Irish low-cost carrier effectively debt-free for the first time since it listed on the stock exchange in 1997.The airline repaid a 1.2 billion euro unsecured eurobond issued in May 2021, a company statement said.The move means Ryanair’s entire fleet of 620 Boeing 737 aircraft is now unencumbered, giving the carrier greater financial flexibility at a time when European airlines co…
Ryanair Announces Debt Free Status for First Time Since 1997
Ryanair has announced it has repaid its last €1.2 billion bond leaving the Ryanair Group effectively debt free as it faces into a challenging summer. This is the first time since Ryanair floated in 1997 that the airline has repaid all the debt, leaving it with an unencumbered fleet of 620 B737 aircraft. Ryanair Group CFO, Neil Sorahan, said: “Today is a historic day for Ryanair as our Group, following repayment of our final €1.2bn bond, is now e…
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