Top Stories

EasyJet lands $1.87 billion state-backed loan as it looks to ease COVID cash crunch

0


Budget airline easyJet
EZJ,
-1.93%

secured a $1.87 billion loan on Monday as it looks to ease investor concerns about its balance sheet, which has been devastated by an unprecedented slump in global demand for travel amid the COVID-19 pandemic.

The five-year loan facility has been underwritten by a syndicate of banks and is backed by a program from U.K. Export Finance, which includes some restrictions around future dividend payments, easyJet
ESYJY,
-1.80%

said in a statement on Monday.

Shares in easyJet fell more than 1% in London trading on Monday.

European airlines like easyJet, already struggling from the loss…



Source marketwatch.com

Crocs shares soar on raised sales outlook through 2021

Previous article

Rite Aid CEO expects states to tap retailers to speed up Covid vaccine rollout

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Top Stories