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Dart Group News

Class 2 Announcement 4th June 2003

04 June 2003
 

Dart Group PLC announces that it will be purchasing six Boeing 737-300 passenger aircraft from receivers appointed by HSBC Bank Plc (Sydney Branch). The aircraft will be subject to a phased delivery schedule over the next six months.

After this purchase Dart's fleet of Boeing 737-300 aircraft will comprise 14 aircraft. This purchase will provide the necessary capacity to grow the Group's cargo and passenger operations. This investment is expected to make a positive contribution to Group profits in the 2004/05 financial year onwards.

The consideration, which will be financed in US Dollars, will be met from a combination of cash and new and existing bank facilities.

 

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