Class 2 Announcement
June 04 2003 - 11:00AM
UK Regulatory
RNS Number:9243L
Dart Group PLC
04 June 2003
For Immediate Release 4 June 2003
CLASS 2 ANNOUNCEMENT
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.
Enquiries: Philip Meeson, Chairman and Chief Executive
Tel: 01202 597680 Mobile: 07785 258666
Mike Forder, Group Finance Director
Tel: 01202 597680 Mobile: 07721 865850
This information is provided by RNS
The company news service from the London Stock Exchange
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