Easyjet raises money with a leasing deal


CLEMENS BILAN / POOL

Easyjet can raise around $ 170 million through the sale and lease back of aircraft. (Archive image)

According to information on Friday, Easyjet raised $ 169.5 million. After the conclusion of this new leasing deal, Easyjet claims that it still has 141 unloaded aircraft, which make up around 41 percent of the fleet.

The company last sold and leased back aircraft at the end of October. Easyjet will continue to regularly check its liquidity position and examine financing options, it said.

In the financial year that ended at the end of September, Easyjet flew in the first annual loss in its history due to the Corona crisis and wants to forego a dividend.

At the end of September, after numerous capital measures, the airline had cash reserves of around 2.3 billion pounds (2.7 billion Swiss francs) and was sitting on a mountain of debt of 1.1 billion pounds.

Published: November 6th, 2020, 3 minutes ago


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