easyjet plc (EZJ) Snapshot

easyJet plc announced that it has entered into arrangements with Airbus S.A.S. to acquire 35 Current Generation A320 Aircraft for delivery between 2015 and 2017 under its existing agreement and 100 New Generation A320neo Aircraft for delivery from 2017 until 2022, under a new agreement. As per this new agreement, Airbus has also granted the company the right, but not the obligation, to acquire up to 100 further New Generation A320neo Family Aircraft. Assuming a fuel price of $1,100 m/t, the 180 seat New Generation A320neo Aircraft is expected to deliver a cost per seat saving of around 11% to 12% compared to the 156 seat Current Generation A319 Aircraft, comprising a 7% to 8% saving from up gauging from a Current Generation A319 Aircraft to a Current Generation A320 Aircraft and 4% to 5% from moving from a Current Generation A320 Aircraft to New Generation A320neo Aircraft. The airline said of the 135 aircraft to be delivered under the New Framework Arrangements, 85 aircraft will be for the planned replacement of the existing fleet as it ages over the next 9 years and aircraft are returned to lessors or sold. The New Framework Arrangements will also enable, but not require, easyJet to grow over the next 9 years.

easyJet plc - Special Call

easyJet plc announced that it will begin operating flights from Tel Aviv to Rome, starting September. The company will operate two weekly flights on Tuesdays and Saturdays between Ben Gurion International Airport and Fiumicino airport in the Italian capital from September 24, 2013.