Jet2 PLC Aircraft Order (1793D)
October 18 2022 - 1:00AM
UK Regulatory
TIDMJET2
RNS Number : 1793D
Jet2 PLC
18 October 2022
18 October 2022
Jet2 plc
("Jet2", the "Group" or the "Company")
Aircraft Order
Jet2 plc is pleased to announce that 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 35 new firm ordered Airbus A320
neo aircraft with the ability for this to extend to up to 71
aircraft.
The firm ordered aircraft deliveries stretch over three years
until 2031 and at base price represent a total value of
approximately $3.9 billion, with a total transaction value for up
to 71 aircraft of approximately $8.0 billion, though the Company
has negotiated significant discounts from the base price.
This order, which is in addition to the A321 neo aircraft orders
announced in 2021, means Jet2 now has a total of 98 firm ordered
aircraft, which could eventually extend to up to 146 aircraft.
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 build on our existing relationship with
Airbus and to have placed this additional aircraft order which
provides the Company with certainty of supply well into the next
decade. The order reflects our confidence that we have a much-loved
product built on sector leading Customer Service which we can
continue to grow and these aircraft will ensure our Customers have
a wonderfully comfortable and enjoyable experience as they travel
with us for their well-deserved Real Package Holidays from
Jet2holidays(R) or scheduled holiday flights with Jet2.com."
For further information, please contact:
Jet2 plc
Philip Meeson, Executive
Chairman
Gary Brown, Group Chief 0113 239
Financial Officer 7692
Cenkos Securities plc
Nominated Adviser 020 7397
Katy Birkin / Camilla Hume 8900
Canaccord Genuity
Joint Broker 020 7523
Adam James 8000
Jefferies International
Limited
Joint Broker 020 7029
Ed Matthews 8000
Buchanan
Financial PR 020 7466
Richard Oldworth 5000
Notes to Editors
-- Jet2holidays is the UK's largest package holidays provider to
many Mediterranean and Canary Islands leisure destinations and
Jet2.com is the UK's third largest airline by number of passengers
flown.
-- Jet2 currently operates from 10 bases across the UK - London
Stansted, Manchester, Birmingham, Bristol, East Midlands, Leeds
Bradford, Edinburgh, Glasgow, Newcastle and Belfast
International.
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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END
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