| |
| Please Note - Streaming News is only available to subscribers to the Active Level and above |
|
|
|
EasyJet raises £306m on sale and leaseback aircraft deals
StockMarketWire.com
|
Budget airline easyJet confirmed it had sold and leased a number of its aircraft, raising $398.6 million, or about £306 million, bolstering its balance sheet.
The first transaction was executed with Wilmington Trust SP Services (Dublin) for the sale and leaseback of five Airbus 320 family aircraft for $191.1m, or about £146.5m, on an average lease term of 117 months, creating obligations of £123.7m.
The second transaction was executed with Sky High 112 Leasing Company for the sale and leaseback of four Airbus 320 family aircraft for $207.5m, approximately £159.1m, on an average lease term of 116 months, creating obligations of £108.0m.
'Once these two transactions are completed, easyJet will retain 152 fully owned and unencumbered aircraft, representing approximately 44% of the fleet,' the company said.
Story provided by StockMarketWire.com
|
|
|
|
|
|
