n a brand new deal, easyJet will develop its fleet via the acquisition of 257 new Airbus jets.
Johan Lundgren, easyJet chief government, mentioned the proposed cope with Airbus, which is topic to shareholder approval, would add 157 plane and the choice for 100 extra A321neo jets. The airline at the moment operates about 330 plane and might be retiring some older planes.
“It will allow easyJet’s fleet modernisation and development to proceed… whereas offering substantial advantages together with value efficiencies and sustainability enhancements,” mentioned Mr Lundgren.
The airline has forecast pre-tax profit of between £440m and £460m for the monetary yr ending in September, after a bumper first half noticed profits booming.
Easyjet’s share worth has mirrored these income this yr, with shares rising 53.46 per cent to 107.52p. The airline intends to pay shareholders a dividend of 10 per cent of its 2023 full yr revenue after tax, which may rise to twenty per cent in 2024 primarily based on efficiency.
Regardless of this, easyJet’s shares have just fallen more than five per cent, with traders fretting as they head into the quieter winter interval, dealing with challenges from the Center East battle and rising gas costs, cost-of-living pressures, European strikes, and airline chaos in the UK.
Anticipating issues, Ryanair signed a deal to purchase more than 300 Boeing planes earlier this yr, whereas Air India introduced an order for 470 planes from Airbus and Boeing.
However these orders have led to supply-chain issues and left producers struggling to ship plane to their prospects.
easyJet mentioned it anticipated supply-chain bottlenecks at Airbus and Boeing to proceed into the 2030s, and that it wanted to position an order now to “guarantee a provide of future supply slots”.
Who owns easyJet and who’s the founder?
Greek Cypriot entrepreneur Sir Stelios Haji-Ioannou is the proprietor and founding father of easyJet. He has an elder brother, Polys, and a youthful sister, Clelia, each of whom have a big stake within the firm. He based the low-cost airline in 1995 when he was 27 years previous. He comes from a rich background, and his father financed his early offers after his son studied for a Masters.
Sir Stelios conducts enterprise by way of his non-public funding automobile, the easyGroup, which owns the “simple” model. These companies embody:
- easyCar
- easyBus
- easyHotel
- easyFoodstore
- easyGym
- easyProperty
- easyCruise (offered in August 2009)
- easyCoffee
- easyStorage
- EasyInternetcafé
