EasyJet Gains on Deferral of More Airbus Plane Orders
- Carrier will delay handovers of 22 planes to 2027-2028
- To take no aircraft deliveries this fiscal year to save cash
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EasyJet Plc shares rose after the U.K. airline said it will defer the delivery of another 22 Airbus SE jets to conserve cash as the coronavirus crisis continues to depress travel demand.
Europe’s second-largest discount carrier will postpone the handovers, which were due over a three-year period starting in October 2021, to the 2027-2028 period. The timing of 15 additional aircraft deliveries within fiscal 2022-2024 will be shifted to match seasonal needs, EasyJet said in a statement on Tuesday.