Jet2 secures £300 million loan facility to underwrite growth

Jet2 now has a £300 million fund to tap into, an increase from its previous £100 million pot, following a deal with four banks.

The brand’s board has meanwhile agreed its financial position is such that it can repay a £150 million loan not due until September 2023.

Jet2 PLC’s executive chair Philip Meeson said the £300 million revolving credit facility “reflects the considerable growth of the Jet2 business and will also provide the Group with additional financial flexibility for the future”.

The announcement comes days after Jet2 confirmed a $4 billion order for 35 new aircraft.