Jet2 has secured a £300 million credit facility and repaid an earlier loan following the pandemic.
The carrier will deploy an extra aircraft at the base to support the expansion
Jet2 now has a £300 million fund to tap into, an increase from its previous £100 million pot, following a deal with four banks.
The brand’s board has meanwhile agreed its financial position is such that it can repay a £150 million loan not due until September 2023.
Jet2 PLC’s executive chair Philip Meeson said the £300 million revolving credit facility “reflects the considerable growth of the Jet2 business and will also provide the Group with additional financial flexibility for the future”.
Get unlimited access to the latest travel industry news and analysis, comment on articles and sign up to newsletters.
Register for free
Already registered? Login here or below.
Having difficulty logging in? Try these tips, or contact support@ttgmedia.com
Jet2 has secured a £300 million credit facility and repaid an earlier loan following the pandemic.
The carrier will deploy an extra aircraft at the base to support the expansion
Jet2 now has a £300 million fund to tap into, an increase from its previous £100 million pot, following a deal with four banks.
The brand’s board has meanwhile agreed its financial position is such that it can repay a £150 million loan not due until September 2023.
Jet2 PLC’s executive chair Philip Meeson said the £300 million revolving credit facility “reflects the considerable growth of the Jet2 business and will also provide the Group with additional financial flexibility for the future”.
The announcement comes days after Jet2 confirmed a $4 billion order for 35 new aircraft.
Take our Matchmaking quiz to discover the agencies who are best-suited to your requirements. Select the option that describes your current situation below:
New to travel New to homeworking Travel trade professional Experienced homeworker
