Easyjet raises money by selling and renting back its own aircraft | NOW

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Easyjet has raised an additional € 225 million from the sale of five aircraft, which the company then leases. This brings the total proceeds of this revenue model to 653 million euros, the airline announced on Friday.

The aircraft sold are between five and nine months old. EasyJet will rent the aircraft back until they are ten years old.

With the sale of the five A321neo Airbuses, easyJet has now sold and leased back a total of 23 aircraft, generating revenues of EUR 653 million. Initially easyJet expected an amount between 553 and 719 million euros. The price fighter’s sale and leaseback program announced in May is now complete.

Since the start of the corona crisis, EasyJet has raised a total of 2.65 billion euros through loans, government support and the sale of aircraft.

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