EasyJet raises £608 million by selling 23 aircraft

The completion of the sale and leaseback programme means easyJet has now raised £2.4 billion since the start of the Covid-19 pandemic earlier this year.

“The proceeds of the sale will be used to maximise liquidity and further strengthen easyJet’s financial position,” said the airline in a statement.

EasyJet revealed plans for the sale and leaseback of some of its fleet in May, as part of a wider fundraising effort to see the company through the coronavirus crisis.

The Luton-based carrier has also secured £600 million from the UK government’s Covid Corporate Financing Facility, as well as issuing £419 million in new shares, alongside loans and a credit facility.

“EasyJet will continue to review its liquidity position on a regular basis and will continue to assess any further funding opportunities,” added the airline.