Budget airline easyJet has announced it has grounded its entire fleet of 344 aircraft due to the coronavirus pandemic. The airline, based in Luton, said the move will 'remove significant cost' as the aviation industry struggles to cope with a collapse in demand caused by the outbreak of the virus.
Airline bosses insisted it “maintains a strong balance sheet” and revealed it is in “ongoing discussions with liquidity providers”.
EasyJet 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 .
It means cabin crew will be paid 80% of their average pay through the Government job retention scheme. EasyJet chief executive Johan