Aircraft Order

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:  [phone]
Gary Brown, Group Chief Financial Officer
Cenkos Securities plc - Nominated Adviser Katy Birkin/Camilla Hume	Tel:  [phone]
Canaccord Genuity - Joint Broker Adam James	Tel:  [phone]
Jefferies International Limited - Joint Broker Ed Matthews	Tel:  [phone]
Buchanan - Financial PR Richard Oldworth	Tel:  [phone]

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.

 

END

 

 

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