Ryanair to raise €400m in share sale to fund post-Covid expansion plans

Airline said the equity raise would begin immediately via an accelerated bookbuild

Ryanair Chief Executive Officer Michael O'Leary intends to participate in the placing.

Ryanair has launched a share placement, aiming to raise €400m to help it take advantage of lower costs following the Covid-19 pandemic to expand its fleet and other initiatives.

The airline said the equity raise, via a “non-pre-emptive placing of new ordinary shares ... to institutional investors and certain others” would begin immediately via an accelerated bookbuild.