October 30, 2020

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Easyjet sells and rents some aircraft

Easyjet sells and rents some aircraft

Photo: Christoph Schmidt / dpa

The British low-cost airline Easyjet has given itself financial freedom by selling some of its aircraft. The company has sold 23 devices for $ 771 million (around 650 million euros), the company said on Friday. Easyjet will continue to use the aircraft under a lease agreement.

After completing the sale and leaseback program, Easyjet has raised more than 2.65 billion euros (£ 2.4 billion) since the corona pandemic began, the airline said in a statement.

Like the entire industry, Easyjet is suffering from falling passenger numbers. The UK government has also introduced a quarantine obligation for people returning from vacation destinations such as Spain and France.