PPRuNe Forums - View Single Post - Jet2 - 3
Thread: Jet2 - 3
View Single Post
Old 8th Feb 2010, 00:03
  #3050 (permalink)  
DADDY-OH!
 
Join Date: Oct 2003
Location: Behind you all the way!
Posts: 359
Likes: 0
Received 0 Likes on 0 Posts
That's b******s!

Firstly, GSM went down because a con man ripped GSM off to the tune of £40 million. Jet2 didn't use EClear to handle credit card payments.

Don't underestimate PM. Jet2 is about to start a massive expansion with record bookings, additional aircraft joining the fleet & recruitment. If PM was to sell out, surely it would be when the expansion is complete & generating lots more cash. But PM wants to develop the company.

Also Jet2 OWN all their aircraft apart from the latest B757 but if PM had to sell any of his B733's or B752's they'll be plenty of African airlines willing to buy the B733's & the QC's could head to the US' for conversion to full Freighter config. The cost to BUY Jet2 for it's owned fleet assets alone would probably be at least £140 million, and millions more for the business. MON have had to go cap in hand to the owners for around £40 million to tied them over for the year having to make savage cuts in costs,particularly in the family silver that is Monarch Engineering, I can't see the Brothers Monte' shelling out any more lolly to buy ANOTHER UK airline in a recession, particularly a "...Lo-Co outfit with old, knackered aircraft..." as Jet2's dismissers are keen to spew forth.

You do the maths!


P.S.
If, however, Facelookbovvered, you're looking to 'Troll' through here to slag Jet2 off, winde Jet2 employees up & upsetting people thankful they still have a job, then the mod's will kick you off this thread as has happened to others. Just a word of warning.

Last edited by DADDY-OH!; 11th Feb 2010 at 22:51.
DADDY-OH! is offline