LONDON: EasyJet’s stock jumped sharply on Friday after the budget airline confirmed it is weighing a $7.7 billion acquisition proposal from private equity giant Apollo Global Management, thrusting the carrier into the middle of a competitive bidding contest for control of the company, according to reports. The Offer Under the proposed cash deal, EasyJet shareholders would receive…
LONDON: easyJet Plc (EZJ.L) reported a 21% year-on-year rise in third-quarter headline profit before tax, reaching £286 million, driven by robust demand and strong performance from its holiday unit. The budget airline saw a 2% growth in passenger numbers and a 0.2 percentage point increase in load factor, supported by the timing of Easter and…
LONDON: In a presentation to shareholders on Wednesday, Johan Lundgren, the CEO of easyJet, revealed the airline’s growth strategy and ambitious targets for the next decade. He highlighted the airline’s resilience and competitive advantage in the European market, despite the challenges posed by the COVID-19 pandemic, the conflict in the Middle East, and the supply…
LONDON, UK: easyJet plc has appointed Stephen Hester as a director and Chair designate. Stephen will join the Board as a non-executive director on 1 September 2021 and then he will succeed John Barton as the Company’s Chair on 1 December 2021, at which point John will stand down from the Board having completed nearly…
LONDON: easyJet Plc has agreed with Airbus the deferral of aircraft from Financial Years 2022, 2023 and 2024. A total of 22 aircraft will be moved from FY2022-FY2024 to FY2027-FY2028. In addition, there will be movement of 15 delivery dates within the period FY2022-FY2024 to more closely match forecast seasonal requirements. As communicated previously, all…
LONDON: easyJet Plc announced the sale and leaseback of a further eleven aircraft with two counterparties. The transactions generate total cash proceeds of $169.5 million (approximately £130.7m). Ten A320 family aircraft were sold to ACS Aero 2 Beta Limited. The cash sales proceeds were $124.5m (approximately £96.0m), and the aircraft will be leased back for…
LONDON: easyJet Plc confirmed the sale and leaseback of nine aircraft with two counterparties. The transactions generate total cash proceeds of $398.6 million (£305.7m). Following high levels of demand from the operating lease marketplace, easyJet has engaged with a number of operating lessors to raise further liquidity, which will be used to further strengthen easyJet’s…
LONDON: easyJet Plc has completed its collective consultation process and confirmed the closure of its bases at London Southend and London Stansted airports, amongst others. As a result, easyJet will cease operations based from London Southend Airport on 31 August 2020 and all flights will be cancelled from 1 September 2020. easyJet currently has four…
LONDON: easyJet Plc announce the successful conclusion of its previously announced sale and leaseback programme for a total of 23 aircraft, generating total proceeds of $771 million (£608m), at the upper end of the £500-650 million anticipated proceeds first highlighted in our trading update of 28 May 2020. The final transaction was executed with Jin…
LONDON: easyJet announce to have successfully agreed the sale and leaseback of six A320neo aircraft for aggregate cash sales proceeds of $255 million (approximately £206 million). The proceeds of this transaction make up part of the anticipated £500-650m in funding from sale and leasebacks which was highlighted in the trading update of 28 May 2020…
LONDON: easyJet Plc and Airbus have finalised the exact delivery dates for aircraft deferred as a direct response to COVID-19. In total, 32 aircraft with original delivery dates between June 2020 and December 2021 were deferred. As 8 aircraft were deferred from FY2020 to FY2022, the net number of deferrals from the Financial Years 2020,…