REG - Jet2 PLC - Aircraft Order

Jet2Announcement

18/10/2022 07:00

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RNS Number : 1793D  Jet2 PLC  18 October 2022

18 October 2022

Jet2 plc

("Jet2", the "Group" or the "Company")

Aircraft Order

Jet2 plc is pleased to announce that 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 35 new firm
ordered Airbus A320 neo aircraft with the ability for this to extend to up to
71 aircraft.

The firm ordered aircraft deliveries stretch over three years until 2031 and
at base price represent a total value of approximately $3.9 billion, with a
total transaction value for up to 71 aircraft of approximately $8.0
billion, though the Company has negotiated significant discounts from the
base price.

This order, which is in addition to the A321 neo aircraft orders announced in
2021, means Jet2 now has a total of 98 firm ordered aircraft, which could
eventually extend to up to 146 aircraft.

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 build on our existing relationship with Airbus and to
have placed this additional aircraft order which provides the Company with
certainty of supply well into the next decade. The order reflects our
confidence that we have a much-loved product built on sector leading Customer
Service which we can continue to grow and these aircraft will ensure our
Customers have a wonderfully comfortable and enjoyable experience as they
travel with us for their well-deserved Real Package Holidays
from Jet2holidays® or scheduled holiday flights with Jet2.com."

For further information, please contact:

 Jet2 plc                                    0113 239 7692

 Philip Meeson, Executive Chairman

 Gary Brown, Group Chief Financial Officer
 Cenkos Securities plc                       020 7397 8900

 Nominated Adviser

 Katy Birkin / Camilla Hume
 Canaccord Genuity                           020 7523 8000

 Joint Broker

 Adam James
 Jefferies International Limited             020 7029 8000

 Joint Broker

 Ed Matthews
 Buchanan                                    020 7466 5000

 Financial PR

 Richard Oldworth

 

Notes to Editors

·    Jet2holidays is the UK's largest package holidays provider to many
Mediterranean and Canary Islands leisure destinations and Jet2.com is the UK's
third largest airline by number of passengers flown.

 

·    Jet2 currently operates from 10 bases across the UK - London
Stansted, Manchester, Birmingham, Bristol, East Midlands, Leeds Bradford,
Edinburgh, Glasgow, Newcastle and Belfast International.

 

Certain information contained in this announcement would have been deemed
inside information as stipulated under the UK version of the EU Market Abuse
Regulation (2014/596) which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018, as amended and supplemented from time to time, until
the release of this announcement.

 

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