Jet2 signs multi-billion pound deal for dozens more Airbus aircraft

Leeds-headquartered leisure travel giant, Jet2, has struck a deal with Airbus to buy 35 new A320 neo aircraft with the ability for this order to extend to up to 71 aircraft.

Jet2 says this is designed to meet future anticipated growth of its Leisure Travel business and to refresh its existing aircraft fleet.

The ordered aircraft deliveries will stretch over three years until 2031 and at base price represent a total value of about $3.9bn/£3.4bn with a total transaction value for up to 71 aircraft of around $8bn/£7bn.

Jet2 adds that it has negotiated significant discounts from the base price for these aircraft.

This order, which is in addition to the A321 neo aircraft orders unveiled by the business in 2021, means Jet2 now has a total of 98 firm ordered aircraft, which could eventually extend to up to 146 aircraft.

The business says it will finance the aircraft through a combination of internal resources and debt.

Jet2 plc’s executive chairman, Philip Meeson, said: “We are pleased to build on our existing relationship with Airbus and to have placed this additional aircraft order which provides the company with certainty of supply well into the next decade.

“The order reflects our confidence that we have a much-loved product built on sector leading customer service which we can continue to grow and these aircraft will ensure our customers have a comfortable and enjoyable experience as they travel with us.”