Low-cost airline Ryanair has repaid its final bond loan of €1.2 billion, equivalent to approximately 13 billion Swedish kronor, and is therefore effectively debt-free, according to a press release.
This is the first time since the listing in 1997 that the airline has no debt. Ryanair simultaneously states that the company is entering a summer with challenging growth and low ticket prices. The group now has an unencumbered fleet of 620 Boeing 737 aircraft.
The finance chief, Neil Sorahan, states that the company may return to the bond market in the future in line with plans to increase passenger traffic to 300 million travellers per year by fiscal year 2034.
Source: FinWire-Di.se
