EasyJet : and SR Technics mark the acquisition of maintenance facility in Malta

• easyJet will now undertake the heavy maintenance of its fleet of more than 340 aircraft bringing the workforce of more than 400 into the airline

easyJet and SR Technics have today finalised an agreement which sees the airline acquire the SR Technics maintenance facility in Malta.

The signing ceremony, which took place with the Prime Minister, Dr Robert Abela in attendance, was held at the maintenance hangar today and signals the handover of the facility to easyJet.

easyJet will now undertake heavy maintenance on its growing fleet of more than 340 aircraft and welcome the workforce of more than 400 currently based at the facility to the easyJet Group. The six-bay aircraft maintenance facility has undertaken heavy maintenance for the easyJet fleet of aircraft for several years.

Prime Minister of Malta, Hon. Dr Robert Abela commented:

Prime Minister Robert Abela extended his congratulations to easyJet and SR Technics on finalising a pivotal agreement, marking easyJet's acquisition of the SR Technics maintenance facility in Malta. "The Government stands ready to support the industry", stated Prime Minister Abela, emphasising Malta's robust MRO sector and engineering services workforce, which boasts approximately 1,500 professionals. "We take pride in the Maltese leadership managing these hangars and commend our dedicated technicians and engineers whose efforts have attracted and retained such esteemed companies", Dr Abela added.

Expressing his gratitude towards SR Technics and welcoming easyJet's substantial investment, Prime Minister Robert Abela affirmed the government's commitment to fostering a thriving aviation industry in Malta.

David Morgan, Chief Operating Officer for easyJet, commenting on the acquisition, said:

"We are delighted to be in Malta today to mark this important milestone. We have long held links with the island and look forward to further strengthening these in the coming years with this maintenance facility which will mean we will employ more than four hundred people locally to maintain our growing, modern fleet of aircraft."

Brendan McConnellogue, Director of Engineering for easyJet, said:

"We have along history with this fantastic maintenance facility, having worked closely with us for many years and so are really pleased to bring the facility along with its highly skilled and experienced workforce into the easyJet family. In recent years, easyJet has brought much of its aircraft maintenance operations in house and so taking on the facility is very much aligned with this strategy. We look forward to welcoming the team in Malta to easyJet!"

Owen McClave, CEO for SR Technics, commented:

"As part of our strategic growth in engine MRO business, the divestment of the aircraft base maintenance business plays a key role in shaping our portfolio. With easyJet we found a perfect partner to take over our aircraft maintenance subsidiary in Malta."

Daniel Galea, General Manager for SRT Malta:

"Over the past years, SR Technics Malta has thrived under the ownership and guidance of SR Technics. During this period, the Company has expanded operations and achieved numerous significant milestones. Now, as we transition to the next chapter, we are excited to join easyJet with whom we are confident that we will continue to grow and build on the successes achieved to date.

"We extend our heartfelt thanks to all our stakeholders especially our employees and customers for their continued support and dedication, and as we embark on this new journey we look forward to continue maintaining the high standards and commitment to excellence which have been the cornerstone of our success."

easyJet has strong links with Malta having flown there since March 2008. The airline has flown over four million passengers to and from the island in that time and now flies more than 400,000 customers every year. easyJet operates to Malta from nine of its bases across Europe.

ENDS

For further information, please contact the easyJet Press Office viamedicentre.easyJet.com/contactsor on 01582 525252

About easyJet

easyJet is Europe's leading airline offering a unique and winning combination of the best route network connecting Europe's primary airports with great value fares and friendly service. easyJet flies on more of Europe's most popular routes than any other airline and carried more than 82 million passengers in 2023. The airline has over 340 aircraft flying on nearly 1000 routes to more than 155 airports across 35 countries. Over 300 million Europeans live within one hour's drive of an easyJet airport.

easyJet aims to be a good corporate citizen, employing people on local contracts in eight countries across Europe in full compliance with national laws and recognising their trade unions.

In 2022, easyJet published its roadmap to net zero by 2050 which features a combination of fleet renewal, operational efficiencies, airspace modernisation, Sustainable Aviation Fuel and carbon removal technology. easyJet has set an ambitious interim carbon emissions intensity reduction target of 35% by 2035 which is validated by the SBTi. The airline's ultimate aim is to fully transition its fleet to zero carbon emission technology, which it will achieve through a number of strategic partnerships including with Airbus, Rolls-Royce and GKN Aerospace Solutions. Since 2000, easyJet has successfully reduced its carbon emissions per passenger, per kilometre by one-third.

Innovation is in easyJet's DNA - since launching nearly 30 years ago, easyJet changed the way people fly to the present day where the airline leads the industry in digital and operational innovations to make travel more easy and affordable for its passengers. In 2023 easyJet was named by TIME as one of the World's Best Companies and a Leader in Diversity 2024 by The Financial Times.

About SR Technics

The SR Technics Group is a world-leading MRO service provider in the civil aviation industry headquartered in Zurich, Switzerland. Working with an extensive network of partners and business development offices in Europe, America, Asia, and the Middle East. SR Technics offers with his 2,200 employees worldwide comprehensive, fully customized solutions for the Maintenance, Repair & Overhaul of aircraft engines, airframe, and components including technical support to over 500 customers worldwide. To start your MRO journey, visitwww.srtechnics.com.

For further information please contact: [e-mail]

easyJet was advised by CMS Cameron McKenna Nabarro Olswang LLP, Ernst & Young, Oliver Wyman, Ganado Advocates (legal), and KPMG (financial). SR Technics was advised by Seabury Securities (M&A), White & Case LLP, Mamo TCV (legal) and Deloitte (financial).