JET2 Jet2 Plc

TIDMDTG

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                      Tel: 0113 239 
  Philip Meeson, Group Chairman       7817 
  and Chief Executive 
 Gary Brown, Group Chief Financial 
  Officer 
 Smith & Williamson Corporate        Tel: 020 7131 
  Finance Limited                     4000 
  Nominated Adviser 
  David Jones / Katy Birkin 
 Canaccord Genuity - Joint           Tel: 020 7523 
  Broker                              8000 
  Bruce Garrow 
 
 Arden Partners - Joint Broker       Tel: 020 7614 
  Christopher Hardie                  5900 
 Buchanan - Financial PR             Tel: 020 7466 
  Richard Oldworth                    5000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 23, 2016 02:00 ET (07:00 GMT)

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