Jet2 raises further £422m to weather Covid storm

Operators

James Chapple

12 February 2021

Jet2 plc, parent to Jet2.com and Jet2holidays, has raised a further £422 million to combat the ongoing effects of the coronavirus crisis.

Jet2 Jet2holidays Aircraft Web.jpg — New routes include Rome, Malta, Chambery and Prague

Executive chairman Philip Meeson confirmed the fresh cash injection, sourced from existing shareholders and new investors, in a note to the stock exchange on Friday (12 February).

It comes days after Jet2.com and Jet2holidays confirmed it was suspending all flights and holidays due to depart up to and on 14 April, and Iceland trips to 26 April.

Jet2.com and Jet2holidays had previously cancelled its entire winter schedule through to 25 March.

The latest announcement will see the launch of its new Bristol base, its 10th, delayed. Flights had been due to get under way from 1 April.

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