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Company Announcements

Aircraft order 23 December 2016

23rd December 2016

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
 
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Written by Internal

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December 23, 2016 at 00:00

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