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EasyJet raises £1.2 billion to 'accelerate' Covid recovery

Air
James Chapple
28 September 2021

EasyJet has raised just shy of £1.2 billion through the sale of some 280 million new shares, which it said would firm up its balance sheet and "accelerate" its post-Covid recovery plan.

The Bilbao-bound aircraft left Manchester after 2.30pm on Sunday (7 August) but had to divert back following the incident as a precaution

The carrier issued slightly more than 300 million new shares earlier this month at £4.10 each, and revealed on Tuesday (28 September) uptake among existing shareholders was around 93%.


"The success of this capital raise, thanks to great support from investors, will enable easyJet to strengthen its balance sheet and accelerate its post-Covid-19 recovery plan," said easyJet chief executive Johan Lundgren.


"Importantly, it will position us to take advantage of strategic investment opportunities across our markets which will arise as we move into this period of recovery from the pandemic."