easyJet has issued £600 million of commercial paper through the Covid Corporate Financing Facility.
The decision comes as the low-cost carrier seeks to maximise its liquidity in the wake of the coronavirus pandemic.
The airline has currently suspended virtually all flights, and there is a growing concern over the financial impact of an extended grounding.
easyJet has also issued a utilisation request to fully draw down on its $500 million revolving credit facility, secured against its planes.
As a result of these two moves, easyJet is expected to have access to cash reserves of £2.3 billion by Thursday.