easyJet cuts winter schedule; raises more funds via sale and leaseback deal

easyJet has raised $169.5 million from the sale and leaseback of a further eleven aircraft with two counterparties. Ten A320 family aircraft were sold to ACS Aero 2 Beta. The cash sales proceeds were $124.5m (approximately £96.0m), and the aircraft will be leased back for an average term of 58 months, creating lease obligations of approximately £66.8m. The net book value of the aircraft at the date of transaction was approximately £117.9m. easyJet also sold one A320 family aircraft to JLPS Holding Ireland for cash proceeds of $45.0m (approximately £34.7m). Over the terms of the eleven leases the average incremental