Ryanair CEO says airline contemplating order for ‘up to 300 aircraft’
Ryanair is contemplating an order of up to 300 aircraft from either Boeing or Airbus, CEO Michael O’Leary told the Financial Times. The LCC late last year walked away from the negotiating table with Boeing after it was unable to agree on a follow-up order for 200 737s for delivery in 2013-16, and decided to use the freed-up cash to award shareholders with €500 million ($637.5 million) in dividends. The dividends, its first since going public in 1997, will be paid out next month. “All other things being equal, if we’re still generating this amount of cash and we haven’t found any acquisition or aircraft acquisition for it, then we would certainly consider a second dividend by about the end of 2013,” O’Leary said. “But if I was a shareholder I wouldn’t be banking on that yet.” He added that he saw no airline on the market worth buying, yet there is still the option of purchasing “200 to 300” aircraft from either Boeing or Airbus, he told FT. Ryanair had informed both manufacturers in...