As a pioneer of low-cost flights in Europe, easyJet is one of the best-known brands in the travel industry. In recent years, it has also become a stock market success story, with a market capitalisation of more than £6bn (€7.75bn). Yet the business is only 20 years old and spent most of the past two decades relying on mortgage aircraft finance transactions to fund its expansion.
“This has served easyJet well in the past but it was clear that the company was on a journey; it was growing up and maturing and the time was right to diversify sources of funding,” says group treasurer, Mike Hirst.
