EasyJet follows British Airways in using UKEF aid for liquidity boosting loan

By Mike Turner
11 Jan 2021

EasyJet, the UK budget airline, has signed a $1.87bn-equivalent liquidity facility backed by the UK’s export credit agency, the second such guarantee it has given in recent weeks.

EasyJet’s new five year facility will be secured, once drawn, on its aircraft.

“This facility will significantly extend and improve EasyJet’s debt maturity profile and increase the level of liquidity available,” said Johan Lundgren, EasyJet CEO, in a statement. “EasyJet has taken swift and decisive action, having now secured ...

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