Ryanair to take last 737-800 in December

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Ryanair will take delivery of the final Boeing 737-800 from its orderbook in December.

The Irish budget carrier, which currently operates 298 737-800s, has seven more of the type still to be delivered.

The remaining seven 737-800s will be financed with the proceeds from a $194.3 million, 10-year US Export Import Bank guaranteed bond issued in September. The bond priced at mid-swaps plus 65 basis points with a coupon of 1.741%. BNP Paribas and Citigroup were the joint bookrunning managers.

Ryanair says it has pre-funded the aircraft purchases with a €65 million ($83 million) equity commitment.

 

According to Flightglobal's Ascend Online database, the oldest aircraft in Ryanair's fleet were built in 2002. The carrier has a total of six 10-year-old 737-800s.

An estimated 38.5% of the total fleet, or 115 aircraft, are more than five years of age.