JET2 PLC — Regulatory Filings 2016

Dec 23, 2016

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 6623S

Dart Group PLC

23 December 2016

23 December 2016

Dart Group PLC ("the Company")

Announcement of Aircraft Order

The Board is pleased to announce that the Company has entered into an agreement with Boeing to purchase a further 4 new Boeing 737-800NG aircraft in addition to the acquisition of a total of 30 aircraft announced in 2015.  The additional 4 aircraft will be delivered between August 2018 and January 2019.  

The terms for these aircraft are substantially the same as those approved by the Board for the 2015 purchases.  At current list prices, the total value of this transaction is US$384m though the Company has negotiated significant discounts from the list price.  The aircraft, which will assist the Company in meeting the future anticipated growth of its Leisure Travel business and planned fleet replacement, are expected to be funded through a combination of internal resources and debt.

For further information contact:

Dart Group PLC Philip Meeson, Group Chairman and Chief Executive	Tel:              0113 239 7817
Gary Brown, Group Chief Financial Officer
Smith & Williamson Corporate Finance Limited Nominated Adviser David Jones / Katy Birkin	Tel:              020 7131 4000
Canaccord Genuity - Joint Broker Bruce Garrow	Tel:              020 7523 8000
Arden Partners - Joint Broker Christopher Hardie	Tel:              020 7614 5900
Buchanan - Financial PR Richard Oldworth	Tel:              020 7466 5000

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCPGGBCPUPQGQP