Dart Group PLC Aircraft order (6623S)
December 23 2016 - 1:00AM
UK Regulatory
TIDMDTG
RNS Number : 6623S
Dart Group PLC
23 December 2016
23 December 2016
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 4 new Boeing
737-800NG aircraft in addition to the acquisition of a total of 30
aircraft announced in 2015. The additional 4 aircraft will be
delivered between August 2018 and January 2019.
The terms for these aircraft are substantially the same as those
approved by the Board for the 2015 purchases. At current list
prices, the total value of this transaction is US$384m 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 Tel: 0113 239
Philip Meeson, Group Chairman 7817
and Chief Executive
Gary Brown, Group Chief Financial
Officer
Smith & Williamson Corporate Tel: 020 7131
Finance Limited 4000
Nominated Adviser
David Jones / Katy Birkin
Canaccord Genuity - Joint Tel: 020 7523
Broker 8000
Bruce Garrow
Arden Partners - Joint Broker Tel: 020 7614
Christopher Hardie 5900
Buchanan - Financial PR Tel: 020 7466
Richard Oldworth 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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