Ryanair confirmed Monday that it has repaid the last of its borrowings, leaving Europe’s largest low-cost carrier effectively debt-free for the first time since it began selling shares publicly in 1997.
The repayment of a €1.2 billion ($1.4 billion) bond, raised at the height of the pandemic, leaves Ryanair’s fleet of 620 Boeing 737s “unencumbered” – industry parlance for fully paid off. At the same time, the group is supported by investment-grade credit ratings from major financial firms. It is an achievement with little precedent among major publicly traded airlines.
“Today is a historic day for Ryanair,” said group chief financial officer Neil Sorahan. “This financial strength further widens the cost gap between Ryanair and our competitors, many of whom are exposed to expensive long-term debt and aircraft leases.”
It is a pointed claim typical of a Ryanair executive, but debt-heavy balance sheets at many European competitors support So
Rephrase in a different way as if you were a native American speaker as a content creation expert and do not talk about yourself or your experience in the text and do not show yourself as an artificial intelligence who wrote and fill the bullet point in the topic and speak the heart of the topic itself and dont take date of blog in ther first and dont take text like box of newsliter subscribe on post from content and romove all linke insert in content and and remove all affiliate disclosure phrases on content like this “This post may contain Amazon or other affiliate links that allow us to earn a small commission at no extra cost to you. Please see our Disclosure Policy for more info” and “#” put in its place bullet point, and romove name of the web site or his links we are take a content from our new creation, and don’t publish clone new content more than just one time
