Dart Group PLC Announcement of Aircraft Order (2637J)
December 17 2015 - 2:00AM
UK Regulatory
TIDMDTG
RNS Number : 2637J
Dart Group PLC
17 December 2015
17 December 2015
Dart Group PLC ("the Company")
Announcement of Aircraft Order
The Board is pleased to announce that the Company has entered
into an agreement with Boeing to purchase a further 3 new Boeing
737-800NG aircraft in addition to the 27 announced on 3 September
2015. The additional 3 aircraft will be delivered between September
2016 and April 2018.
The terms for these aircraft are substantially the same as those
approved by the Board for the initial 27. At current list prices,
the total value of this transaction is US$288m though the Company
has negotiated significant discounts from the list price. The
aircraft, which will assist the Company in meeting the future
anticipated growth of its Leisure Travel business and planned fleet
replacement, are expected to be funded through a combination of
internal resources and debt.
For further information contact:
Dart Group PLC Tel: 0113 238
Philip Meeson, Group Chairman 7444
and Chief Executive
Gary Brown, Group Chief Financial
Officer
Smith & Williamson Corporate Tel: 020 7131
Finance Limited 4000
Nominated Adviser
David Jones
Canaccord Genuity - Joint Tel: 020 7523
Broker 8000
Guy Marks / Mark Whitmore
Arden Partners - Joint Broker Tel: 020 7614
Christopher Hardie 5900
Buchanan - Financial PR Tel: 020 7466
Richard Oldworth 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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