Upon joining GO Fly all employees received a certificate of share options on shares that didn't then exist. They were theoretical share options based on the the business floating on the stock exchange as per the business plan in years to come. People were issued enough shares to be roughly equivalent to their first years basic salary.
The company never got as far as flotation before easyJet bought it. As part of the deal they honoured the pseudo share options. Therefore everyone got a cheque after the takeover for roughly their basic joining salary. For me it was £27k.
Obviously none of this applies in the case of GB.
Being deeply attached to GO I found it hard to let go and have the Orange chip inserted. However, there is a warm and fuzzy feeling working for a large profitable airline with a decent business plan and high operational standards. So I'm over it now - as is everyone else.
I'm sure that everyone will extend the warmest of welcomes to all at GB. I certainly do. Its all come full circle in a way.
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