EasyJet : The deal is admittedly dilutive but the horizon is clearing
>Welcome balance sheet reconstruction - We think that the announcement of a capital increase of £ 1.2bn and a credit facility of $ 400m over 4 years despite liquidity that was already comfortable at £ 2.9bn resolves in advance the balance sheet issue (net debt of over £ 2bn at end-June 2021) and enables the company to approach the winter season with greater confidence despite the uncertainties surrounding COVID developments and the weight of restrictions in the UK on...EasyJet and its subsidiaries are a low-cost airline carrier operating principally in Europe. Co. operates in the European short-haul aviation market. As of Sept 30 2017, Co. operated 862 routes. Co.'s total fleet as at Sept 30 2017, comprised 279 aircraft, split between 156-seat Airbus A319s, 180-seat A320s, 186-seat A320s and 186-seat A320neos. Co.'s main markets are the U.K., France, Italy, Switzerland, Germany, Netherlands, Portugal and Spain.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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