DUBLIN, March 19 Ryanair expects to be able to
start a programme 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
"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.