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18-Sep-2014 4:39 PM

easyJet exercises options for 27 A320ceo aircraft, to be delivered between 2015 and 2018

easyJet announced (18-Sep-2014) it has reached an agreement with Airbus to exercise existing purchase rights over 27 A320ceo aircraft, with the aircraft scheduled for delivery between 2015 and 2018. easyJet stated: "These aircraft are subject to a very substantial price discount from the list price and are expected to be funded through a combination of easyJet's internal resources, cashflow, sale and leaseback transactions and debt." easyJet added: "As a result of the exercise of the 27 purchase rights easyJet is expected to have a fleet of 304 aircraft by 2019. easyJet's fleet will consist of 226 aircraft as at 30 September 2014. However, the fleet arrangements also give easyJet the ability to manage the fleet size to between 204 and 316 aircraft by 2019 depending on economic conditions and opportunities available." easyJet CEO Carolyn McCall stated: "We are bringing new aircraft into the fleet as we continue to see a significant number of new profitable opportunities in our core markets in the near term and in order to maintain our cost advantage." Airbus COO customers John Leahy added: "easyJet is a demanding customer and this repeat order is as solid an endorsement as you can get for the A320's proven productivity, reliability and comfort." [more - original PR - easyJet] [more - original PR - Airbus]

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