Low-cost service easyJet has stated it now expects to fly not more than 20 per cent of deliberate capability over the following three months.
The choice follows from France, Germany and the UK in latest day to reintroduce stricter measures to sort out rising numbers of circumstances of Covid-19.
“We stay centered on money generative flying over the winter season with a view to minimise losses throughout the first half and retain the flexibleness to ramp capability again up rapidly after we see demand return,” defined an announcement to markets.
On the identical time, easyJet confirmed the sale and leaseback of an additional eleven plane with two counterparties.
The transactions generate complete money proceeds of roughly £130 million.
Ten A320 household plane had been offered to ACS Aero 2 Beta.
The money gross sales proceeds had been roughly £96 million, and the plane shall be leased again for a mean time period of 58 months, creating lease obligations of roughly £67 million.
easyJet additionally offered one A320 household plane to JLPS Holding Eire for money proceeds of roughly £35 million.
On completion of those additional sale and leaseback transactions, easyJet now retains 141 absolutely owned and unencumbered plane, representing roughly 41 per cent of the…