easyJet Invests $1 Billion In Brand New Aircraft

easyJet are investing in another 15 aircraft from Boeing. These will all be new generation Boeing 737-700 to be delivered between October 2000 and February 2003. These 15 brand new aircraft are in addition to the 12 brand new Boeing 737-300 being delivered to easyJet between August 1998 and the end of 1999. By the beginning of 2003 easyJet will have invested more than $1 billion in brand new Boeing aircraft and will be flying one of the world`s youngest fleets, comprising 38 Boeing aircraft and transporting thirteen million passengers a year.

As well as the binding agreement signed with Boeing for 15 brand new aircraft, easyJet also have an option to take delivery of a further 15 Boeing 737-700. This will allow for the continued expansion of the easyJet fleet as more and more routes are opened and as the frequency on existing routes is increased.

Stelios Haji-Ioannou, easyJet chairman, said, “In order to meet our expansion plans we need to continue growing our fleet of brand new aircraft. Boeing have the ideal aircraft to ensure that easyJet can continue offering the best value flights in Europe with one of the world`s youngest fleets.”

Thomas Basacchi, Boeing Commercial Airplane Group Vice President, Europe, said, “We have been supplying the short haul industry with aircraft for decades and know exactly what they want. We appreciate the confidence easyJet has for Boeing products and we are delighted that they continue to invest in the world`s most reliable aircraft.”