EasyJet Sells Planes to Raise Cash as It Slashes Services
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EasyJet Plc boosted cash reserves via a new round of aircraft sales as a wave of coronavirus lockdowns pushes it to deepen capacity cuts.
Britain’s biggest discount carrier raised $169.5 million through the sale of 11 Airbus SE jets, which it will lease back, according to a statement Friday. The move takes the number of planes involved in such transactions above 40.