From Ryanair’s third-quarter results. (FT Alphaville’s calculations).
Proceeds from sales of Boeing 737-800 in Q3 2008 – €26.5m each. (Five aircraft sold for roughly €132.6m)

Proceeds from sales of Boeing 737-800 in Q3 2009 – €21.2m each. (Eight aircraft sold for roughly €169.6m).

That datapoint is relevant not just for aircraft manufacturers and their suppliers, but for the Irish carrier itself. Proceeds from Ryanair’s second-hand aircraft sales have helped its cashflow substantially in recent years, lowering financing costs while replenishing cash balances post-Aer Lingus investments and share buybacks.

Related links:
Ex-Im Bank to bolster jet-sales role – WSJ
Boeing orders plummet by 53% – FT

This entry was posted by Tracy Alloway on Monday, February 2nd, 2009 at 10:16 and is filed under Capital markets, M&A. Tagged with aerospace, airlines, boeing, ryanair. Edit this entry.