Announcement of Aircraft Order

RNS Number : 2637J

Dart Group PLC

17 December 2015

 

17 December 2015

Dart Group PLC ("the Company")

Announcement of Aircraft Order

The Board is pleased to announce that the Company has entered into an agreement with Boeing to purchase a further 3 new Boeing 737-800NG aircraft in addition to the 27 announced on 3 September 2015.  The additional 3 aircraft will be delivered between September 2016 and April 2018.  

The terms for these aircraft are substantially the same as those approved by the Board for the initial 27.  At current list prices, the total value of this transaction is US$288m though the Company has negotiated significant discounts from the list price.  The aircraft, which will assist the Company in meeting the future anticipated growth of its Leisure Travel business and planned fleet replacement, are expected to be funded through a combination of internal resources and debt.

For further information contact:

Dart Group PLC Philip Meeson, Group Chairman and Chief Executive	Tel:              0113 238 7444
Gary Brown, Group Chief Financial Officer
Smith & Williamson Corporate Finance Limited Nominated Adviser David Jones	Tel:              020 7131 4000
Canaccord Genuity - Joint Broker Guy Marks / Mark Whitmore	Tel:              020 7523 8000
Arden Partners - Joint Broker Christopher Hardie	Tel:              020 7614 5900
Buchanan - Financial PR Richard Oldworth	Tel:              020 7466 5000

 

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