Aviation

Ryanair to explore bond sales, bank facilities to fund €36bn purchase of 300 Boeing jets

Ryanair said the purchase will create up to 10,000 new “high-paid” jobs

Eddie Wilson, chief executive at Ryanair: ‘It has always been our business model to be as prudent as possible and to finance aircraft out of our profitability.’ Picture: Fergal Phillips

Ryanair is likely to supplement its internal cash-flows with bond sales and banking debt facilities in order to fund the purchase of 300 new Boeing aircraft worth tens of billions of euros.

The airline today confirmed reports it was buying hundreds of new 737 Max 10s, which have an overall value of $40 billion (€36.5 billion), in an aggressive plan to grow its passenger numbers to 300 million a year by 2034.

In a note ...