EasyJet announced that it would purchase up to 257 Airbus Aircraft as it plans its expansion into 2028, restores its dividend, and strives to more than double profits.

The airline also stated it anticipates its yearly profit before tax to range between $541 million (£440 million) and $565 million (£460 million), according to data released on October 12, 2023.

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EasyJet declared that the time was right to lay out a long-term growth strategy based on bigger and more fuel-efficient planes, indicating that its recovery from the pandemic was now in full swing.

According to EasyJet CEO Johan Lundgren, the planned agreement with Airbus, which is awaiting shareholder approval, would include 157 aircraft as well as the right to purchase an additional 100 A321neo planes. The airline will retire some of its older aircraft, which number roughly 330 at the moment.

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With the recently announced purchase, easyJet will be able to replace all of the A319 aircraft in its fleet and around half of the A320neo aircraft. The airline said that it is in exclusive discussions with CFM International over the supply of engines for the anticipated acquisition. The financial report predicted that the new planes and conversions would cost roughly $19.9 billion.

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