Ryanair says sees share buybacks, dividends after 2015

DUBLIN Tue Mar 19, 2013 12:21pm EDT

A model airplane rests on a table during an announcement of the commitment for Ryanair to purchase aircraft from Boeing, in New York March 19, 2013. REUTERS/Lucas Jackson

A model airplane rests on a table during an announcement of the commitment for Ryanair to purchase aircraft from Boeing, in New York March 19, 2013.

Credit: Reuters/Lucas Jackson

Related Topics

DUBLIN (Reuters) - Ryanair expects to be able to start a program of share buybacks and special dividends after 2015 once most of the capital expenditure needed for its order of 175 Boeing 737-800s has ended, chief executive Michael O'Leary said on Tuesday.

Ryanair signed a commitment to buy the aircraft in New York on Tuesday 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 program of share buybacks and probably special dividends" after calendar 2015, he said.

(Reporting by Conor Humphries; Editing by Anthony Barker)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.