31 OCTOBER 2011


Readers are invited to add their comments to any story. Click on the article to see and add.


BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.


Email this Page

The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
+44 (0)20 8952 8383
© 2019 Business Travel News Ltd.

Article from BTNews 31 OCTOBER 2011

Ryanair plans growth

Speaking to the Financial Times new aerospace correspondent Andrew Parker, Ryanair boss Michael O’Leary has outlined the airline’s plans for the future

“I would like to grow to 120m, 130m passengers,” said Mr O’Leary.  In 2010-11, 72.1m passengers flew with Ryanair.  Mr O’Leary insisted he would only buy aircraft at “cheap prices”, but with full order books neither Airbus nor Boeing are likely to be in the mood for a discount deal and would also have delivery problems.  Most industry experts believe that ordering the new Chinese C919 ‘paper aircraft’ very risky.

Ryanair has an all-Boeing fleet, and Mr O’Leary acknowledged it faced increased operating costs if it bought aircraft from a different manufacturer.

Ryanair’s expansion in recent years has focused on Italy and Spain, and Mr O’Leary said the airline now had big growth opportunities in Scandinavia and eastern Europe.

Ryanair paid a maiden dividend worth €500m last year, and is considering a similar payment to shareholders in 2012-13.  A third special dividend might be possible in 2014-15 according to O’Leary if Ryanair had not finalised an aircraft order by then, but he ruled out the company making an annual pay-out to shareholders. www.ryanair.com

Index/Home page

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum

No one has commented yet, why don't you start the ball rolling?

Add your comment

First Name
Email Address
Company (Not obligatory)
- You must be a registered subscriber using the email address entered to submit a comment, or you will be sent a confirmation email before your comment will appear.
- Your comment will be checked before appearing, which may take several working hours.