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Ryanair sees share buy-back, divs by 15

Tuesday, March 19 16:38:42

Ryanair expects to be able to start a programme of share buybacks and special dividends after 2015.

This is once most of the capital expenditure needed for its order of 175 Boeing 737-800s has ended, chief executive Michael O'Leary said today.

Ryanair signed a commitment to buy the aircraft in New York today in a deal worth $16 billion at list prices.

"We expect to fund this order from a mix of internally generated cash flow and debt," O'Leary told a conference call with investors.

"But once we get over that hump of internally (funding)... we would expect to resume a programme of share buybacks and probably special dividends" after calendar 2015, he said.

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