Aircraft financing arranged

easyJet PLC
05 May 2004

Wednesday, 5th May 2004


easyJet confirms financing for 82 aircraft

easyJet, Europe's leading low-cost airline, today announces that financing has
been put in place for 82 aircraft from its order of 120 Airbus A319s.

The order was originally placed in October 2002 and the first 12 aircraft have
already been delivered to easyJet's bases in Geneva and London Gatwick.

GE, Royal Bank of Scotland, Babcock & Brown Asset Management and HSH Nordbank
together with Natexis Banques Populaires  are the financial institutions with
which easyJet has agreed to provide mortgage-finance for 36 aircraft and sale
and lease-back agreements for 46 aircraft.

The financing program includes the sale of assets for  £163 million cash, and
subsequent operating leaseback for up to ten years, as part of the transactions
agreed with the institutions named above.  The sale and leaseback of the ten
aircraft is part of the Airbus purchase program, the benefits of which were set
out in the circular to shareholders dated 24 February 2003.  The proceeds of the
sale will be used to replace funds used to purchase the aircraft and for
investment within the business.

The arrangements cover all 2004 deliveries, virtually all deliveries in 2005 and
a proportion of those in 2006 and 2007.

The procurement of financing of this scale from major financial institutions
demonstrates easyJet's continuing attractiveness in the aircraft financing
market.


ENDS





For further details contact:



Toby Nicol, Head of Corporate Affairs                         ([phone]








                      This information is provided by RNS
            The company news service from the London Stock Exchange