Aircraft Order

RNS Number : 1039O

Jet2 PLC

05 October 2021

 

5 October 2021

Jet2 plc

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

Aircraft Order

The Board is pleased to announce that the Company has entered into an agreement with Airbus to purchase a further 15 new firm ordered Airbus A321 NEO aircraft. This order is in addition to the 36 firm aircraft orders, together with the flexibility to extend up to 60 aircraft, that the Company announced on 31 August 2021.  These additional 15 aircraft will be delivered between 2026 and 2029 and the terms of the agreement are substantially the same as those approved by the Board for the initial 36 firm aircraft orders.   

At current list prices these additional 15 aircraft represent a total value of approximately $2.0billion with a total transaction value, for up to 75 aircraft, of approximately $10.1billion, 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.  

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.

 

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