EasyJet said it would raise €1.2 billion ($1.5 billion) from a bond issue, in a sign of optimism about the prospects for a recovery of the air transport sector over the coming months.
British LCC easyJet said it had signed a new $1.87 billion five-year term loan facility as it takes more steps to bolster its finances as it looks to ride out the ongoing COVID-19 crisis.
UK LCC easyJet is rolling out a reduced schedule with the start of the latest English lockdown, while Aer Lingus has extended its flight suspension to England, Scotland and Wales until Jan. 8.
The UK Civil Aviation Authority (CAA) has denied claims by ULCC Ryanair that a sudden change in policy has forced the airline to stop operating on 12 UK domestic and international routes.
Passengers want to travel but are wary of booking flights without knowing what happens if a COVID-19 lockdown is implemented at their destination, easyJet Holidays CEO says.
After easyJet said it expects to fly no more than 20% of pre-pandemic capacity in the three months through December, Routes looks at the LCC's most used departure airports and aircraft this week.
UK LCC easyJet has raised further liquidity by selling over 300 London Stansted (STN) slots to Irish rival Ryanair and refinancing another 10 Airbus A320s, after posting its first ever full-year loss—totaling over £1 billion ($1.3 billion).
UK LCC easyJet has raised a further $169.5 million liquidity from the sale-and-leaseback of 11 Airbus A320s and cut back its winter flying to just 20% of planned capacity.
German rail operator Deutsche Bahn has become the first rail partner in easyJet’s connecting services network Worldwide, which allows the LCC’s passengers to connect to flights across its network as well as those of partner airlines.
UK LCC easyJet has raised $398.6 million from aircraft refinancing and secured union agreement to cut its Berlin-based fleet from 34 to 18 aircraft, with 418 job losses.
After a deal was agreed that could pave the way for Flybe to restart operations, Routes looks at what became of the carrier’s UK network since its failure.
British LCC easyJet said it would make its first ever full-year loss and warned it expected to fly only around a quarter of the capacity that had been planned pre-pandemic over the winter because of travel restrictions in place in its markets.
The LCC expects to fly just a quarter of its normal schedule over the coming months although looking ahead to next summer and two new seasonal bases will open in Spain and Portugal.