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The British low-cost airline group Easyjet Plc (LON:EZJ), in view of the prolonged crisis in the aviation sector and to help it through the winter, has announced the sale-and-leaseback of another 9 of its Airbus A320 jets.
- The Airbus 320 single-aisle short-haul planes have been sold to leasing companies based in Dublin to raise £305.7 million in cash.
- The company will sign a contract with those companies to lease the aircraft back and continue to use them for almost ten years.
- The sale-and-leaseback agreement follows the company’s similar agreements in June and August entered with different financiers, including a Chinese state-controlled bank.
- On 28 October 2020, the stocks of the company slumped by 3.06% from its previous closing, hovering at around GBX 488.60at 08:10 AM GMT+1.
