EasyJet plans A320 funding with cash

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EasyJet is on course to fund this year’s new Airbus A320 deliveries using internal resources.

The UK low-cost airline received two new aircraft in January and February, and financed them with cash.

Luton-based EasyJet confirms that it does not have a request for proposals for the financing of the next seven A320s scheduled this year.

“These aircraft will be financed using internal resources. However, we continue to monitor the best sources of financing and may choose to return to the markets at any time,” says the carrier.

Flightglobal’s Ascend Online database shows EasyJet is to receive one A320 in March and two in April. The carrier will then take one aircraft a month between June and September.

In July 2013, EasyJet firmed an order for 100 A320neo narrowbodies and converted options and rights on 35 regular A320s.

The A320s will arrive between 2015 and 2017, and the A320neos between 2017 and 2022.