23 Dec 2016 07:00
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 |