Total amount raised
£1 Billions
Latest funding date
6/1/2020
Location
EasyJet has successfully raised significant capital through various funding rounds, including a notable post-IPO equity round in June 2020. The airline's strategic financial maneuvers have positioned it as a key player in the European aviation market.
Keep reading to delve into the details of EasyJet's funding journey and discover the investors who have backed this prominent airline.
What Is EasyJet?
EasyJet, founded in 1995, is a United Kingdom-based short-haul airline operating in the European aviation market. The company was established in Genoa, Liguria, Italy, and has grown significantly since its inception.
EasyJet offers a range of services, including short-haul flights, pilot training programs, cabin crew services, engineering and maintenance, IT and data services, and package holiday deals through EasyJet Holidays. The airline is known for its low-cost travel options and extensive European network.
With more than 10,001 employees, EasyJet has become a major player in the aviation industry, emphasizing a positive and inclusive work culture known as the "Orange Spirit."
How Much Funding Has EasyJet Raised?
- Post-IPO Debt
- Amount Raised: £600M
- Date: April 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen liquidity amid the COVID-19 pandemic.
- Post-IPO Equity
- Amount Raised: £419M
- Date: June 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster financial stability and support operational needs during the pandemic.
Total Amount Raised: £1.019B. Current Valuation: Not publicly disclosed.
Key Investors
- BlackRock
- Details: BlackRock is one of the world's largest asset management firms, headquartered in New York City. It manages a wide range of investment funds and offers services to institutional and retail clients.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Apple, Microsoft, Amazon.
- Vanguard Group
- Details: Vanguard Group is a major American investment management company based in Malvern, Pennsylvania. It is known for its low-cost mutual funds and ETFs.
- Investment Focus Areas: Index funds, retirement funds, international markets.
- Notable Investments: Alphabet, Facebook, Johnson & Johnson.
- Fidelity Investments
- Details: Fidelity Investments is a multinational financial services corporation based in Boston, Massachusetts. It offers investment management, retirement planning, and brokerage services.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Tesla, Netflix, Procter & Gamble.
- Capital Group
- Details: Capital Group is a private American financial services company headquartered in Los Angeles, California. It is one of the oldest and largest investment management organizations in the world.
- Investment Focus Areas: Global equities, fixed income, private equity.
- Notable Investments: Amazon, Visa, Berkshire Hathaway.
- State Street Global Advisors
- Details: State Street Global Advisors is the investment management division of State Street Corporation, based in Boston, Massachusetts. It is known for its SPDR ETFs.
- Investment Focus Areas: ETFs, index funds, institutional investments.
- Notable Investments: SPDR S&P 500 ETF, SPDR Gold Shares, SPDR Dow Jones Industrial Average ETF.
What's Next for EasyJet?
EasyJet is poised to capitalize on the growing demand for short-haul travel within Europe. With the aviation industry gradually recovering, the airline has significant opportunities to expand its market share by introducing new routes and enhancing customer experience. The potential for growth is substantial, given the increasing preference for budget-friendly travel options among European travelers.
To support this expansion, EasyJet may explore future fundraising opportunities, including equity and debt financing. These funds could be pivotal in upgrading their fleet and investing in sustainable aviation technologies. However, the airline must navigate challenges such as fluctuating fuel prices and regulatory changes, which could impact operational costs and profitability.
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