Easyjet initiates capital increase worth billions

Airbus A320, operated by Easyjet Switzerland (Photo: Jan Gruber).
Airbus A320, operated by Easyjet Switzerland (Photo: Jan Gruber).

Easyjet initiates capital increase worth billions

Airbus A320, operated by Easyjet Switzerland (Photo: Jan Gruber).
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The issue of new shares should bring in around 1,4 billion euros. Meanwhile, Easyjet claims to have rejected a preliminary takeover offer from a prospective buyer.

The British low-cost airline Easyjet wants to get billions from investors after its plight in the corona crisis. The issuance of new shares should bring in around 1,2 billion British pounds (1,4 billion euros), the company announced on Thursday. Easyjet has also secured a new line of credit for US $ 400 million (€ 338 million). The money is intended to help the company recover from the financial consequences of the corona crisis and prepare it for possible further setbacks.

Meanwhile, Easyjet claims to have rejected a preliminary takeover offer from a prospective buyer. The bidder wanted to pay for the takeover entirely in its own shares, the announcement said. In addition, the offer was clearly too low. Easyjet did not reveal who the prospect was. However, he has now assured that he is no longer planning a takeover bid.

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Editor of this article:

Granit Pireci is an editor at Aviation.Direct and specializes in aviation in Southeast Europe. Before that he worked for AviationNetOnline (formerly Austrian Aviation Net).
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Granit Pireci is an editor at Aviation.Direct and specializes in aviation in Southeast Europe. Before that he worked for AviationNetOnline (formerly Austrian Aviation Net).
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