easyJet (LON:EZJ) announced on Tuesday that it would purchase 56 Airbus A320neo aircraft and convert an order of 18 A320neo jets to the same number of A321neo aircraft, completing a 2013 agreement with the European aircraft manufacturer.
easyJet stated that the aircraft will be delivered between fiscal years 2026 and 2029 to replace aging A319 and A320 aircraft.
Due to price concessions given in the 2013 agreement, it stated it was paying much less than the list price of approximately $6.5 billion.
As a result of the pandemic’s impact on its finances, easyJet and Airbus decided in December 2022 to suspend the delivery of a number of aircraft under a 2013 contract.
“While the board will assess optimal sources of financing on a regular basis, there is no expectation that shareholders will be required to fund any portion of the proposed acquisition at this time,” the document stated.