Ryanair boosts balance sheet with €400m share placement

DUBLIN: Ryanair has raised €400 million ($473.6 million) from shareholders to strengthen its balance sheet as it eyes potential market
opportunities in the wake of the COVID-19 pandemic, Europe’s largest low-cost carrier said on Friday.
The move adds to a large cash pile at an airline that has been less badly affected by the pandemic than many of its rivals owing to its relatively low level of debt and lack of exposure to the badly hit long-haul and business-class markets.