DUBLIN (Reuters) -Ryanair has no plans to faucet the bond market to finance its Boeing (NYSE:) 737 MAX deliveries nevertheless it is able to transfer at quick discover ought to engaging alternatives come up, Chief Monetary Officer Neil Sorahan mentioned on Thursday.

The Irish airline, Europe’s largest low-cost provider, final Could raised 1.2 billion euros ($1.27 billion) at a document low price in a five-year bond sale with a coupon of 0.875%. It is because of take supply of 150 new Boeing 737 MAX plane over the following three years.

“We proceed to be opportunistic. Lowest prices will actually decide what we will do,” Sorahan advised the Airfinance Journal convention in Dublin.

“Debt markets seem like they may be the most affordable (possibility) for the following whereas,” he mentioned.

However Ryanair will contemplate provides on secured debt or sale-and-leaseback as alternate options.

About 90% of Ryanair’s fleet of about 500 plane is debt-free and the airline hopes to extend that proportion additional within the coming years, Sorahan mentioned.

Ryanair has diminished its debt to 1.5 billion euros from 2.3 billion and its focus within the coming years will probably be to scale back that additional, he mentioned.

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