Easyjet - 3
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http://uk.reuters.com/article/busine...59980820071002
The rumour is pretty much dead now.
Rumour is crews will be nightstopping in LYS to avoid french taxes!
The rumour is pretty much dead now.
Rumour is crews will be nightstopping in LYS to avoid french taxes!
Join Date: Dec 2004
Location: Barton Upon Humber
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Ho dop EZY currently run their CDG/ORY flights - do they have any crews based in Paris or do they run w patterns/nightstop aircraft. They have quite a few routes out of Paris that dont run to other airprots
Join Date: Mar 2007
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PARIS (Thomson Financial) - UK-based airline easyJet said it will invest 600 mln eur to create two new bases in France by 2011, at the Charles de Gaulle airport in Paris and the Lyon-Saint-Exupery airport in Lyon.It expects passenger traffic from France to rise from 8 mln passengers in 2008 to 12 mln in 2011, by which time it will have 80 destinations.
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it must include the (list) price of the based aircraft.
More info, including first routes below :
"EasyJet is to establish two new bases in France as a springboard for launching a raft of new routes from the country.
The no-frills carrier is to operate from Paris Charles de Gaulle and Lyon offering a total of 13 routes from next spring.
The airline is to initially base five additional aircraft in France – three in Paris and two in Lyon – creating hundreds of jobs for pilots, cabin crew and associated support services.
EasyJet already operates 11 routes from Charles de Gaulle to the UK, Switzerland, Spain and Portugal as well as Nice. From Lyon, five routes to London, Berlin, Madrid, Barcelona and Rome will be served this winter.
The carrier expects to carry more than six million passengers through French airports in 2007 and a further two million next year with the opening of the new bases.
The plan is part of clear long-term strategy for France, which includes a €600 million investment over four years.
The airline plans to have 20 aircraft based in French airports and to carry 12 million passengers by 2011. It will operate more than 80 routes in and out of France and employ almost 1,000 staff.
Three new Airbus A319s will be based in Paris from February 2008 to complement easyJet's existing six aircraft at Paris Orly.
The opening of the Charles de Gaulle base will enable easyJet to initially launch six additional domestic and international routes (Biarritz, Oporto, Venice, Marrakech, Hamburg and Krakow) at France's main airport.
The second new base will be at Lyon's Saint-Exupéry Airport with two Airbus A319s from April 2008 to operate seven domestic and international routes (Bordeaux, Toulouse, Casablanca, Marrakech, Venice, Porto and Lisbon).
EasyJet claims it will become the first low-fares airline to offer French domestic routes out of regional airports with the move into France's second city.
The airline already offers 50 routes in France and as many as 40 daily flights to and from Paris.
The airline's chief executive Andy Harrison said: "Today's announcement is just the first step in our major investment that will see us double our presence in France by 2011 as we seek to bring the benefits of easyJet to France's air travellers and its wider society.
"We will be employing French people and flying French passengers from France's major airports on aircraft from Toulouse-based Airbus." "
More info, including first routes below :
"EasyJet is to establish two new bases in France as a springboard for launching a raft of new routes from the country.
The no-frills carrier is to operate from Paris Charles de Gaulle and Lyon offering a total of 13 routes from next spring.
The airline is to initially base five additional aircraft in France – three in Paris and two in Lyon – creating hundreds of jobs for pilots, cabin crew and associated support services.
EasyJet already operates 11 routes from Charles de Gaulle to the UK, Switzerland, Spain and Portugal as well as Nice. From Lyon, five routes to London, Berlin, Madrid, Barcelona and Rome will be served this winter.
The carrier expects to carry more than six million passengers through French airports in 2007 and a further two million next year with the opening of the new bases.
The plan is part of clear long-term strategy for France, which includes a €600 million investment over four years.
The airline plans to have 20 aircraft based in French airports and to carry 12 million passengers by 2011. It will operate more than 80 routes in and out of France and employ almost 1,000 staff.
Three new Airbus A319s will be based in Paris from February 2008 to complement easyJet's existing six aircraft at Paris Orly.
The opening of the Charles de Gaulle base will enable easyJet to initially launch six additional domestic and international routes (Biarritz, Oporto, Venice, Marrakech, Hamburg and Krakow) at France's main airport.
The second new base will be at Lyon's Saint-Exupéry Airport with two Airbus A319s from April 2008 to operate seven domestic and international routes (Bordeaux, Toulouse, Casablanca, Marrakech, Venice, Porto and Lisbon).
EasyJet claims it will become the first low-fares airline to offer French domestic routes out of regional airports with the move into France's second city.
The airline already offers 50 routes in France and as many as 40 daily flights to and from Paris.
The airline's chief executive Andy Harrison said: "Today's announcement is just the first step in our major investment that will see us double our presence in France by 2011 as we seek to bring the benefits of easyJet to France's air travellers and its wider society.
"We will be employing French people and flying French passengers from France's major airports on aircraft from Toulouse-based Airbus." "
Last edited by thepeacock; 4th Oct 2007 at 11:32. Reason: adding press release from EZY
Join Date: Apr 2005
Location: "this is where the magic happens"
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Sweet dreams!
Even if a PRG base were to open, I doubt if you would be working under a UK contract. Would you still go if it means signing a local contract?
Instead, I guess we should be happy with all those lovely night stops at all those future new 'virtual bases' in the cheapest hotels they can find!
Instead, I guess we should be happy with all those lovely night stops at all those future new 'virtual bases' in the cheapest hotels they can find!
Join Date: Dec 2006
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" HEARD a rumour yesterday that Easyjet are looking at taking over the ex BASCO hangar at bournemouth."
That rumour was very strong a couple of years ago. At the time the "word in the know" was that Easyjet were looking at BOH as a base plus also using the Basco hangar as a maintenance base and potential overnight parking for some of their Bristol and Exeter planes.
Was taken with a pinch of salt at the time as EasyJet was the hot topic at BOH as they were just starting their Geneva service and lots of rumours were flying round.
Maybe they are going to paint it Orange, put sleeping bags in the hangar and use it as the first dedicated EasyCrewStopOver Hotel
That rumour was very strong a couple of years ago. At the time the "word in the know" was that Easyjet were looking at BOH as a base plus also using the Basco hangar as a maintenance base and potential overnight parking for some of their Bristol and Exeter planes.
Was taken with a pinch of salt at the time as EasyJet was the hot topic at BOH as they were just starting their Geneva service and lots of rumours were flying round.
Maybe they are going to paint it Orange, put sleeping bags in the hangar and use it as the first dedicated EasyCrewStopOver Hotel
Join Date: Mar 2006
Location: On the flight deck of course !!
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any chance to see some new routes from CDG to Corsica in a forseable future ? what do you reckon guys ? 
http://www.easyjet.com/EN/Planning/Destination/aja.html
http://www.easyjet.com/EN/Planning/Destination/aja.html
Join Date: May 2007
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easyJet aquires GB!!
easyJet plc agrees to acquire GB Airways Limited
easyJet PLC (“easyJet”) announced today that it has agreed to acquire the entire issued share capital of GB Airways Ltd (“GB Airways”), excluding its slots at Heathrow Airport, from the Bland Group Limited, for a cash consideration of £103.5 million.
GB Airways is primarily a London Gatwick based point-to-point airline operating to destinations across Southern Europe and North Africa under a franchise agreement with British Airways PLC (“British Airways”). It serves 31 destinations and operates 15 Airbus aircraft (9 A320s and 6 A321s) with an average age of 4.1 years, which are complementary to the easyJet fleet of 107 A319s. In total it operates 39 routes – 28 from Gatwick, 6 from Manchester, 5 from Heathrow.
Based upon its statutory accounts under UK GAAP for the year ended 31 March 2007, GB Airways reported profit before tax of £2.6 million and EBITDAR of £35 million on revenues of £250 million; it carried 2.8 million passengers; had gross assets of £182 million and net assets of £33 million.
The acquisition of GB Airways is consistent with easyJet’s expansion strategy and, importantly, strengthens its customer offering at Gatwick, the airline’s biggest base which has a highly attractive catchment area in London and South East England. The purchase adds valuable take-off and landing slots at Gatwick and the opportunity to accelerate easyJet’s route development. Following the acquisition, easyJet will operate 24% of Gatwick’s slots and will fly approximately 8 million passengers across 62 routes from Gatwick.
By Winter 2008/09, GB Airways will be fully consolidated into the easyJet business model, releasing cost savings. The acquisition will be positive to easyJet’s earnings per share and return on equity in easyJet’s current financial year, before one-off integration costs. easyJet anticipates GB Airways’ seat profitability reaching a similar level to its own at Gatwick in the first full financial year of operation.
Andy Harrison, Chief Executive of easyJet, said:
“This is an acquisition which both strengthens our customer offering at London Gatwick, our biggest base with an attractive catchment area, and allows us to fully capitalise on the potential of the airport through a larger number of slots. The deal will bring major benefits to both easyJet and GB Airways customers, delivering a wider choice of destinations at easyJet’s great prices, and creating clear value for our shareholders. We expect the acquisition to be earnings positive in our current financial year and in the longer-term we will transition the GB Airways operation to easyJet’s cost base and operating margin levels. We expect to achieve both cost and revenue synergies as we expand our business at Gatwick.”
easyJet will co-operate with British Airways to ensure a smooth and orderly transition for customers. To this end GB Airways will continue to operate all routes under the British Airways brand until March 29th, 2008 after which flights will operate under the easyJet brand.
Kevin Hatton, Chief Executive of GB Airways, said:
“The sale agreement brings to an end a period of uncertainty about the future direction of our company. We are pleased that the business and customer base built up by GB Airways will now be secured and strengthened under the ownership of the UK’s largest airline by passenger numbers, and one of the industry’s most powerful brands. We will fulfil our outstanding obligation as a franchise partner to British Airways and then look forward to a smooth operational merger with easyJet.”
The total consideration of £103.5 million is payable in cash of which £11.5 million is held in escrow as security for any claims under the acquisition agreement. GB Airways’ Heathrow slots will be exchanged under three separate agreements, the consideration for which will be passed on to the Bland Group (net of costs) on receipt. Completion is subject to the usual conditions, including approval from the relevant regulatory authorities. The transaction is expected to complete no later than 31st January
easyJet PLC (“easyJet”) announced today that it has agreed to acquire the entire issued share capital of GB Airways Ltd (“GB Airways”), excluding its slots at Heathrow Airport, from the Bland Group Limited, for a cash consideration of £103.5 million.
GB Airways is primarily a London Gatwick based point-to-point airline operating to destinations across Southern Europe and North Africa under a franchise agreement with British Airways PLC (“British Airways”). It serves 31 destinations and operates 15 Airbus aircraft (9 A320s and 6 A321s) with an average age of 4.1 years, which are complementary to the easyJet fleet of 107 A319s. In total it operates 39 routes – 28 from Gatwick, 6 from Manchester, 5 from Heathrow.
Based upon its statutory accounts under UK GAAP for the year ended 31 March 2007, GB Airways reported profit before tax of £2.6 million and EBITDAR of £35 million on revenues of £250 million; it carried 2.8 million passengers; had gross assets of £182 million and net assets of £33 million.
The acquisition of GB Airways is consistent with easyJet’s expansion strategy and, importantly, strengthens its customer offering at Gatwick, the airline’s biggest base which has a highly attractive catchment area in London and South East England. The purchase adds valuable take-off and landing slots at Gatwick and the opportunity to accelerate easyJet’s route development. Following the acquisition, easyJet will operate 24% of Gatwick’s slots and will fly approximately 8 million passengers across 62 routes from Gatwick.
By Winter 2008/09, GB Airways will be fully consolidated into the easyJet business model, releasing cost savings. The acquisition will be positive to easyJet’s earnings per share and return on equity in easyJet’s current financial year, before one-off integration costs. easyJet anticipates GB Airways’ seat profitability reaching a similar level to its own at Gatwick in the first full financial year of operation.
Andy Harrison, Chief Executive of easyJet, said:
“This is an acquisition which both strengthens our customer offering at London Gatwick, our biggest base with an attractive catchment area, and allows us to fully capitalise on the potential of the airport through a larger number of slots. The deal will bring major benefits to both easyJet and GB Airways customers, delivering a wider choice of destinations at easyJet’s great prices, and creating clear value for our shareholders. We expect the acquisition to be earnings positive in our current financial year and in the longer-term we will transition the GB Airways operation to easyJet’s cost base and operating margin levels. We expect to achieve both cost and revenue synergies as we expand our business at Gatwick.”
easyJet will co-operate with British Airways to ensure a smooth and orderly transition for customers. To this end GB Airways will continue to operate all routes under the British Airways brand until March 29th, 2008 after which flights will operate under the easyJet brand.
Kevin Hatton, Chief Executive of GB Airways, said:
“The sale agreement brings to an end a period of uncertainty about the future direction of our company. We are pleased that the business and customer base built up by GB Airways will now be secured and strengthened under the ownership of the UK’s largest airline by passenger numbers, and one of the industry’s most powerful brands. We will fulfil our outstanding obligation as a franchise partner to British Airways and then look forward to a smooth operational merger with easyJet.”
The total consideration of £103.5 million is payable in cash of which £11.5 million is held in escrow as security for any claims under the acquisition agreement. GB Airways’ Heathrow slots will be exchanged under three separate agreements, the consideration for which will be passed on to the Bland Group (net of costs) on receipt. Completion is subject to the usual conditions, including approval from the relevant regulatory authorities. The transaction is expected to complete no later than 31st January
Join Date: May 2006
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Interesting news, i wouldnt say that the GB airways fleet is entirely complimentary to the Easyjet fleet so assume they will be disposed of and its very interesting that the Heathrow slots arent included, obviously more money for the Bland Group to auction off to the highest bidder - i imagine a few airlines at Heathrow will pay big money for those. I wonder which of the routes Easyjet will keep and which they might stop, and also which of the routes BA is looking to start up on their own after 29th March as indicated by them! Interesting times!