DBA OPTION

easyJet PLC
14 August 2002


For immediate release
Wednesday, 14 August 2002


                            easyJet plc ('easyJet')


                            EASYJET ACQUIRES OPTION

                        TO PURCHASE DEUTSCHE BA ('DBA')


On 8 May 2002 easyJet plc (LSE: EZJ) and British Airways plc (LSE: BAY)
announced that they had reached agreement on the terms under which easyJet would
acquire an option to purchase British Airways' German subsidiary, DBA.  easyJet
is pleased to announce that it has now acquired that option on substantially the
same terms previously disclosed.

The key terms of the option agreement are:

•    easyJet may exercise the option to acquire DBA at any time up to 30 April 
     2003, extendable by easyJet to 3 August 2003.

•    easyJet will second the equivalent of three managers to DBA, contribute 
     €5 million for capital expenditure to assist DBA's transition towards
     a low-cost airline model and pay an additional €600,000 per month until 
     exercise of the option.

•    If easyJet exercises the option, it will pay a further amount of between 
     €30 million and €39 million to British Airways (depending on when it
     exercises the option) to acquire DBA on a debt free basis.

easyJet has received clearance from the relevant German competition authority
for the acquisition of DBA.

In the financial year to 31 March 2001, DBA had total turnover of €344.9
million, recorded a net loss of €37.2 million and carried 3.1 million scheduled
passengers at an average load factor of 56.4%.  DBA operates a scheduled service
on seven German domestic routes. It operates approximately 110 flights per day,
has a fleet of 16 Boeing 737-300 aircraft and employs approximately 800 staff.

Credit Suisse First Boston acted as financial adviser to easyJet.


Enquiries:

easyJet

Toby Nicol, easyJet                 + 44 (0) 1582 525339


Credit Suisse First Boston

Michael McGhee                      [phone]

Richard Crawley                     [phone]



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