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EasyJet raises hundreds of millions through aircraft lease deal
EasyJet has raised more than £305 million through the sale and leaseback of nine Airbus aircraft to two different parties.
Once the two transactions are completed, easyJet will retain 152 fully-owned aircraft, representing approximately 44% of its fleet.
In a statement to the London Stock Exchange this morning, the airline said it ‘will continue to review its liquidity position on a regular basis and will continue to assess further funding options, including those that exist in the robust sale and leaseback market’.
Over the terms of the nine leases the average incremental net annual headline cost reflected in easyJet’s income statement will be about £15 million, which is driven by increases in interest charges and depreciation, it said.
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Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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