REG - Jet2 PLC - Aircraft Order

Jet2Announcement

31/08/2021 12:30

RNS Number : 2250K
  
Jet2 PLC
  
31 August 2021
  
 

31 August 2021
Jet2 plc 
("Jet2", the "Group" or the "Company")
Aircraft Order
Jet2 plc is pleased to announce that in order to meet the future anticipated growth of its Leisure Travel business and to refresh its existing aircraft fleet, the Company has entered into an agreement with Airbus to purchase 36 new firm ordered Airbus A321 neo aircraft and has also agreed flexibility to extend the order up to 60 aircraft.
The firm ordered aircraft deliveries stretch over five years until 2028, and at current list prices represent a total value of approximately $4.9billion, with a total transaction value for up to 60 aircraft of approximately $8.1billion, though the Company has negotiated significant discounts from the list price. The Company will retain flexibility in determining the most favourable method of financing the aircraft, which will be through a combination of internal resources and debt.
Jet2 plc's Executive Chairman Philip Meeson said:
"We are delighted to have placed this order with Airbus and are proud to operate this aircraft which has more seats, provides additional operating benefits through lower fuel consumption and is, in our opinion, the most efficient and environmentally friendly aircraft in its class today - it will ensure our Customers have a wonderfully comfortable and enjoyable experience as they travel with us for their well-deserved holidays and can enjoy Real Package Holidays from Jet2holidays® or scheduled holiday flights with Jet2.com that are increasingly more environmentally sustainable for many years to come."
For further information, please contact:



Jet2 plc
Philip Meeson, Executive Chairman


Tel:             0113 239 7692





Gary Brown, Group Chief Financial Officer








Cenkos Securities plc - Nominated Adviser
Katy Birkin/Camilla Hume



Tel:             020 7397 8900




Canaccord Genuity - Joint Broker
Adam James 


Tel:             020 7523 8000












Jefferies International Limited - Joint Broker
Ed Matthews



Tel:             020 7029 8000




Buchanan - Financial PR
Richard Oldworth


Tel:             020 7466 5000



 
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