EasyJet grounds entire fleet of planes
EasyJet has grounded its entire fleet of aircraft due to the coronavirus pandemic, the airline has announced.
The Luton-based carrier said the measure “removes significant cost” as the aviation industry struggles to cope with a collapse in demand caused by the outbreak of the virus.
It insisted it “maintains a strong balance sheet” and revealed it is in “ongoing discussions with liquidity providers”.
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Hide AdThe airline also announced it has reached an agreement with union Unite on furlough arrangements for its cabin crew.
The deal will be effective from Wednesday for a two-month period and means cabin crew will be paid 80% of their average pay through the Government job retention scheme.