Leeds-based Jet2 plc said on Tuesday it entered into an agreement with Airbus to buy 36 new Airbus A321 aircraft and has also agreed flexibility to extend the order up to 60 aircraft.

“The firm ordered aircraft deliveries stretch over five years until 2028, and at current list prices represent a total value of approximately $4.9 billion, with a total transaction value for up to 60 aircraft of approximately $8.1 billion, though the company has negotiated significant discounts from the list price,” said Jet2.

“The company will retain flexibility in determining the most favourable method of financing the aircraft, which will be through a combination of internal resources and debt.”

Jet2 executive chairman Philip Meeson said: “We are delighted to have placed this order with Airbus and are proud to operate this aircraft which has more seats, provides additional operating benefits through lower fuel consumption and is, in our opinion, the most efficient and environmentally friendly aircraft in its class today – it will ensure our customers have a wonderfully comfortable and enjoyable experience as they travel with us for their well-deserved holidays and can enjoy Real Package Holidays from Jet2holidays® or scheduled holiday flights with Jet2.com that are increasingly more environmentally sustainable for many years to come.”