EasyJet Reports 93 Percent Take-Up of $1.6 Billion Rights Issue

EasyJet Reports 93 Percent Take-Up of $1.6 Billion Rights Issue
EasyJet planes are parked at a stand at Stansted Airport, in Stansted, Britain on June 30, 2020. Dan Kitwood/Getty Images
Reuters
Updated:

LONDON—British airline easyJet said its investors had bought 93 percent of the new shares on offer in its 1.2 billion pound ($1.64 billion) rights issue, designed to help fund its recovery from the pandemic.

The airline announced the cash call, its second during 18 months of COVID-19, earlier this month, at the same time as revealing it had rejected a takeover approach from an unnamed suitor, believed to be low cost rival Wizz Air.