
Ireland's low-cost carrier Ryanair said Thursday it will pay out 398 million euros ($445 million) to shareholders from the sale of its Aer Lingus stake.
The Dublin-based group will distribute the proceeds from the sale of its near 30 percent Aer Lingus holding via a share buyback, Ryanair said in a statement issued at its annual meeting.
The company had agreed on July 10 to sell its stake to British Airways owner International Airlines Group, clearing the way for a takeover.
Earlier this month, Ryanair hiked its annual net profit forecast by a quarter on keen demand for summer holidays at higher prices.
The group predicted earnings after taxation will climb to about 1.2 billion euros in the current financial year to March 2016. That compared with the previous guidance of 970 million euros.
The share buyback will meanwhile bring the total funds returned by Ryanair to shareholders so far this year to 800 million euros.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor