Easyjet to buy 20 new planes

Easyjet to buy 20 new planes

The very popular budget airline company Easyjet has plans to acquire 20 new aircrafts and add them to their fleet. The airline company would be spending £505m ($878m) on these new planes, which would be purchased from the European airline manufacturer Airbus. Easyjet has chosen Airbus A319 to be the planes to join their already impressive fleet of aircrafts.

The company added that Airbus would be delivering these new planes by 2008 and 2009. And these new units would add to the company’s ability to continue innovating and providing better value for money services to the end customer. Easyjet is doing impressively well in the market and had recently announced that their passenger numbers had risen 21% to 29.6m in 2005.

Easyjet also announced an impressive 9% growth in profit figures, which touched around £68 million. They are currently operating to around 212 routes and provide facilities at 64 airports primarily in the European countries. This latest order is part of a previous agreement when the company purchased 120 aircraft from Airbus in 2003.

That deal included the clause that the company would have an added option to purchase 120 extra jets at the same basic price, subject to inflation.

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