Routing Network Update for Jet2
Britain’s Jet2 to close deal with Airbus – report
30.07.2021 – 02:12 UTC
Jet2 (LS, Leeds / Bradford) is said to be set to close a deal for around 50 narrow-body Airbus planes to renew its almost entirely Boeing fleet, Reuters reported citing unnamed sources.
The carrier declined to comment on the report, saying it was “constantly in discussions with different aircraft manufacturers.”
While the report does not identify the types Jet2 can order, sources said negotiations are ongoing and Airbus is the leader, no final decision has yet been made.
According to the advanced ch-aviation fleets module, the British leisure specialist and low-cost carrier currently operates 91 aircraft, all but one of which are Boeings. This number includes seven inactive B737-300, seventy-five B737-800 and eight B757-200. The carrier also operates a single A321-200, which it added in February 2020, with no further commitments for the type. It had previously crewed other Airbus narrow-body aircraft to supplement its internal fleet during peak summer seasons.
Jet2 has no pending orders placed neither with the manufacturers themselves nor …
Jet2 to raise an additional £ 537million as UK travel ban persists
16.06.2021 – 05:17 UTC
Jet2 (LS, Leeds / Bradford), parent company Jet2 plc, has decided to strengthen its balance sheet by £ 537.4million (US $ 756million) as the wait continues for the UK government to clear a large-scale return to overseas leisure travel.
The tour operator has canceled all of its vacations until at least June 24 due to ongoing “short-term uncertainty”, but “we remain encouraged by the volume of guest bookings to date for winter 2021/22 and for the summer of 2022, “he said in a stock market filing.
She signed a new £ 150million (US $ 211million) term loan agreement maturing in September 2023 and is launching an offer worth £ 387.4million (US $ 545million). US) senior unsecured and unrated convertible bonds maturing in 2026.
The bonds will be issued in principal of 100,000 GBP (141,000 USD) each and will bear a coupon of 1.625% per annum payable semi-annually in June and December.
“The proceeds from the convertible bond issue will be used to further strengthen Jet2’s balance sheet and position the company for a strong …
UK Jet2 postpones relaunch to early 3Q21
11.06.2021 – 09:52 UTC
British low-cost leisure airline Jet2 (LS, Leeds / Bradford) has announced that it will resume flights on July 1, 2021, despite the controversial UK ‘traffic light’ system classifying the safety of overseas destinations.
The UK travel industry has urged the government to abandon the system that ranks countries based on COVID-19 risk. The World Travel and Tourism Council this week called the program “incredibly disruptive”, saying it was wreaking havoc on business. It comes as Portugal (including the Azores and Madeira) moved from Green List to Orange List on June 8 after just two weeks, sending holidaymakers rushing to the UK to avoid quarantine.
“We agree that public health must be the number one priority. However, despite all the evidence and data showing that travel can restart safely and on a large scale, the UK continues to remain largely entrenched as the rest of Europe opens up, ”commented the CEO of Jet2 , Steve Heapy.
As a result, the carrier has resumed its program of flights to the Channel Island of Jersey as part of …
UK Jet2 set to tap CCFF facility with £ 200million issue
15.03.2021 – 23:12 UTC
Jet2 plc will issue £ 200million (US $ 278.55million) of commercial paper after being recently reconfirmed as an eligible issuer for the Bank of Canada’s COVID corporate finance facility. England (CCFF). Unveiled last year, the CCFF provides finance to businesses by purchasing commercial paper with a maturity of up to one year, issued by companies making a significant contribution to the UK economy. The facility offers financing on terms comparable to those prevailing in the markets before the economic shock of Covid-19 and is open to companies that can demonstrate that they were in good financial health before the onset of the pandemic.
As such, the parent company of Jet2 (LS, Leeds / Bradford) and Jet2holidays said last week that the UK Treasury had confirmed it met the updated pre-Covid investment grade requirement and that ‘It would therefore issue the full amount of commercial paper through the CCFF before the program closes on March 22, 2021. The proceeds will be used to provide back-up liquidity if required.
“Our liquidity position is …