Report on Go in the Mail on Sunday
Interesting report on Barbara Cassani and Go in the Financial Mail on Sunday.
The main points were:
Go’s 750 staff, based mainly at Stansted, are celebrating the sell-off by BA “by picking up share options and are in line for hundreds of pounds each under a profit sharing deal after Go announced a pre-tax profit of £4million.”
The airline “seems likely to be floated on the stock market in two years”. Mrs Cassani is “confident that Go could raise close to £1billion when it comes to the stock market.”
More staff are to be recruited, “taking the payroll to 1,000 next year.” More bases are planned and more routes in Europe.
“A decision on whether to buy additional 737s or switch to Airbus will have to be taken in a couple of years”, says Mrs Cassani.
She is also confident about undercutting BA even though her former bosses have slashed fares on 80 European routes.
[This message has been edited by Stan Sted (edited 25 June 2001).]