The Board is pleased to announce that the Company has entered into an agreement with Airbus to purchase a further 15 new firm ordered Airbus A321 NEO aircraft. This order is in addition to the 36 firm aircraft orders, together with the flexibility to extend up to 60 aircraft, that the Company announced on 31 August 2021. These additional 15 aircraft will be delivered between 2026 and 2029 and the terms of the agreement are substantially the same as those approved by the Board for the initial 36 firm aircraft orders.
At current list prices these additional 15 aircraft represent a total value of approximately $2.0billion with a total transaction value, for up to 75 aircraft, of approximately $10.1billion, though the Company has negotiated significant discounts from the list price. The Company will retain flexibility in determining the most favourable method of financing the aircraft, which will be through a combination of internal resources and debt.