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Company Announcements

Announcement of Aircraft Order 17 December 2015

17th December 2015

RNS Number : 2637J
Dart Group PLC
17 December 2015
 

 

17 December 2015

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 3 new Boeing 737-800NG aircraft in addition to the 27 announced on 3 September 2015.  The additional 3 aircraft will be delivered between September 2016 and April 2018.  

The terms for these aircraft are substantially the same as those approved by the Board for the initial 27.  At current list prices, the total value of this transaction is US$288m 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 238 7444

Gary Brown, Group Chief Financial Officer


 

Smith & Williamson Corporate Finance Limited

Nominated Adviser

David Jones


 

Tel:              020 7131 4000

Canaccord Genuity - Joint Broker

Guy Marks / Mark Whitmore

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 17, 2015 at 00:00

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