Swiss low-cost carrier, easyJet Today announced the sale-and-leaseback of another nine of its Airbus A320 jets. The latest move in the carrier’s efforts to bolster liquidity through aircraft sales will generate £306 million in cash.
In a bid to shore up its finances through the prolonged pandemic, easyJet sold another nine aircraft to lessors. The latest sale-and-leaseback agreements are for two transactions of Airbus A320 jets and will raise £306 million ($399 million). easyJet will lease the planes back until they are ten years of age.
The airline has made one deal for the sale of five A320s to Dublin-based Wilmington Trust SP Services. This sale will generate cash proceeds of £147 million ($191 million), creating leasing obligations of just about £124 million ($161 million).