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Ryanair CEO states there are no aircraft on the market worth buying

8-Sep-2010 12:37 PM

Ryanair CEO, Michael O’Leary, stated he believes there is no aircraft on the market worth buying, but the carrier still has options for 200 Boeing aircraft and up to 300 further aircraft from either Boeing or Airbus if it does decide to further expand its fleet (The Financial Times, 07-Sep-2010). Mr O’Leary also commented that Ryanair would consider paying another dividend by the end of 2013 if it is still generating the same amount of cash and haven’t purchased any new aircraft. The carrier plans to pay a EUR500 million dividend in Oct-2010.