EasyJet 2011 Annual Report Download - page 14

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12
easyJet plc
Annual report
and accounts 2011
Chief Executive’s introduction
Continued
During the past financial year, the Company took
advantage of the agreement signed with Airbus in
2002 and converted 15 A320-family aircraft that had
been under option to the Company since June 2007
into firm orders for 15 A320 aircraft, primarily to replace
existing aircraft that will be retiring from the fleet in 2013.
In the year, easyJet took delivery of 13 A319 aircraft and
12 A320 aircraft under the terms of the Airbus easyJet
agreement. The two remaining Boeing 737-700s have
been withdrawn from service and will be returned to
their lessors in the first half of 2012.
The current contracted fleet plan over the period to
30September 2013 as set out below:
easyJet
A320
family
Boeing
737-700
GB
Airways
A320
family4
Total
contracted
aircraft
At 30 September
2011 202 2 – 204
At 30 September
2012 213 – – 213
At 30 September
2013 216 – 2 218
Note 4: To be delivered as part of a GB Airways commitment.
The total fleet at 30 September 2011 comprised 204
aircraft.
Fleet as at 30 September 2011:
Owned
Operating
leases
Finance
leases Total
Changes
in year
Future
committed
deliveries5
Unexercised
purchase rights
and options6
easyJet A319 105 56 6 167 8 – –
easyJet A320 24 6 5 35 12 35 73
Boeing 737-700 –2–2-6––
GB Airways A320
family ––––-62–
129 64 11 204 8 37 73
Note 5: The 35 future easyJet deliveries and 2 ex-GB Airways deliveries are anticipated to be delivered over the next three financial years; 20 in
2012, 12 in 2013 and 5 in 2014.
Note 6: Purchase options and rights may be taken on any A320 family aircraft and are valid until 2015.
A further 35 easyJet specification aircraft deliveries are currently planned for arrival over the next three years,
which will be offset by 24 planned exits from thefleet.
The high cost of jet fuel and uncertain consumer demand across Europe means that easyJet is taking a cautious
approach to capacity, utilising the flexibility in its fleet planning arrangements to ensure the fleet is held constant
for the next two winters at 204 aircraft, as announced on 10May 2011.
Thereafter, the Company has sufficient flexibility in its fleet planning arrangements to adapt to market and
economic conditions, which the Board continues to keep under review.