Jet2 - 3
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What is your source of information ?
An airline with a turnover of over £600,000,000 that's only making a profit of £70,000 is not in a financial position to buy Jet2. Monarch would also have to buy Jet2Holidays and the numerous unknown trading names Jet2 have. That is a pretty hefty investment, and considering Jet2 is currently more profitable than Monarch, if anything The Dart Group would be looking at taking some sort of share in Monarch. There is no way the Dart Group is about to be dissolved and PM letting go of his baby.
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PM letting go of his baby!
Pm letting go of his baby! i dont think so! 
He is even more passionate about it at the min! were making money! bookings are up! investing in more aircraft! aplication submitted for AOC on 767, cabin refits underway! there is not a chance he would let his baby go now!
The Jet2 brand is here too stay!
He is even more passionate about it at the min! were making money! bookings are up! investing in more aircraft! aplication submitted for AOC on 767, cabin refits underway! there is not a chance he would let his baby go now!
The Jet2 brand is here too stay!
Join Date: Oct 2004
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JET2 / Monarch rumours
Just a few ideas i have with regrading the above
We all know Jet2 is making money on the routes it does but times are hard for ALL airlines and this coming year will be the same.
Monarch is part of a big group.
Monarch is a charter airline which is used by the group to fly its passengers from UK airports abroad.
I believe that Monarch operating costs will be greater than JET2?
Here's the idea......
Maybe Monarch is loosing money and things need to change. Maybe Monarch will revert back to just a charter airline for the groups tour operator?
Monarch may sell a few A321 and the monarch sch business to JET2?
This would allow JET2 to operate from new bases Birmingham and Gatwick without the need for massive start up costs??
Also increasing MAN base massively which would be good as EZY seems to be growning quickly
Maybe monarch buys a small share in JET2 and JET2 does ALL the flying for Cosmos and the group on a deal like British Airways did with FLYbe????
Any losses on the flights for MON then MON will pay the loss?
Something i think is going on if the papers are starting to write stories about it.
What do you guys think?
We all know Jet2 is making money on the routes it does but times are hard for ALL airlines and this coming year will be the same.
Monarch is part of a big group.
Monarch is a charter airline which is used by the group to fly its passengers from UK airports abroad.
I believe that Monarch operating costs will be greater than JET2?
Here's the idea......
Maybe Monarch is loosing money and things need to change. Maybe Monarch will revert back to just a charter airline for the groups tour operator?
Monarch may sell a few A321 and the monarch sch business to JET2?
This would allow JET2 to operate from new bases Birmingham and Gatwick without the need for massive start up costs??
Also increasing MAN base massively which would be good as EZY seems to be growning quickly
Maybe monarch buys a small share in JET2 and JET2 does ALL the flying for Cosmos and the group on a deal like British Airways did with FLYbe????
Any losses on the flights for MON then MON will pay the loss?
Something i think is going on if the papers are starting to write stories about it.
What do you guys think?
Join Date: Mar 2008
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I'm not sure if there is any truth in this, but it could be for real, PM must know that up against the twins of Thomas cook/Tui Jet2 holidays is a very small fish in a very large pond in which it can not hope to compete.
Its OK to talk up lease and the Haj opportunities, but look where that got Globespan?
PM has built Jet2 into a good brand that well known and respected accross the North of England, but there are weakness in its stratergy not least the huge costs that will be required to fund fleet renewal against the two big players in both the Loco market and the IT market, before long they will get the game changer that is the 787, the carbon market in Europe will punish companies running old kit.
Who knows perhaps the thought of a large pay out and time to enjoy may sway the day, if you think Monarch haven't got pockets deep enough think again, ask yourself how much the Jet2 fleet is worth? and what will be its value in 3 years time and the economy start to pick up.
Remember everyone has their price, PM is no fool
Its OK to talk up lease and the Haj opportunities, but look where that got Globespan?
PM has built Jet2 into a good brand that well known and respected accross the North of England, but there are weakness in its stratergy not least the huge costs that will be required to fund fleet renewal against the two big players in both the Loco market and the IT market, before long they will get the game changer that is the 787, the carbon market in Europe will punish companies running old kit.
Who knows perhaps the thought of a large pay out and time to enjoy may sway the day, if you think Monarch haven't got pockets deep enough think again, ask yourself how much the Jet2 fleet is worth? and what will be its value in 3 years time and the economy start to pick up.
Remember everyone has their price, PM is no fool
Join Date: Oct 2003
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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.
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.
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Jet2
Hi
Based on a closing share price of 48.5p per share, the stock market value the Dart Group at just over £68m. This info is obtained from the Halifax Share Dealing website, but also available from many other sources.
Based on a closing share price of 48.5p per share, the stock market value the Dart Group at just over £68m. This info is obtained from the Halifax Share Dealing website, but also available from many other sources.
Join Date: Mar 2008
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Daddy-lo
What are you on about?
Some one post a story about a possible purchase of Jet2 other comment on it, its called a rumour net work
I think (as i said) that its unlikely, but you never know, perhaps PM has the drive and passion to make Jet2 into something special and big?
As for Globespan, yes they were in bed with the wrong credit company, but one should ask why? to suggest that things were well in the company otherwise is rubbish.
The MODS on Pprune have a job to do, but its not censorship, i suggest you grow some rather than talking them
Some one post a story about a possible purchase of Jet2 other comment on it, its called a rumour net work
I think (as i said) that its unlikely, but you never know, perhaps PM has the drive and passion to make Jet2 into something special and big?
As for Globespan, yes they were in bed with the wrong credit company, but one should ask why? to suggest that things were well in the company otherwise is rubbish.
The MODS on Pprune have a job to do, but its not censorship, i suggest you grow some rather than talking them
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If EuroChallenger is correct and the Dart Group is worth £68 million and if Daddy-Oh is also correct with his valuation £140 million plus alot there will be a large que of potential buyers.
I guess one has got their figures wrong!!
I guess one has got their figures wrong!!
Join Date: Mar 2008
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The £68m is based on share price as may be verified quite quickly, that may be why I haven't bothered. The £140m++ seems to be speculation. It may be that we are talking about a very cash rich company and both are right but I think it would be a very foolish board who did not get a bit peed off at £88m lying around in petty cash. But Daddy0oh may have seen the books. I am yet to be convinced.
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Dart
Hello
The stock market value of any stock market quoted company can be checked in various places.
The link below is from the Financial Times' website
FT.com / Markets data / DTG:LSE: Performance for Dart Group
Of course, the stock-ex value of a firm does not always match the value of a firms assets. If a another firm was looking to take over a company who has shares listed on the stock market, those shares will rise, and thus the value of the company will also rise.
There are many companies quoted on the stock market with large financial values, yet some of these firms own very little in the way of assets. Their prime asset could be anything from an "idea in development" (such as a new medicine) to their own brand name.
The stock market value of any stock market quoted company can be checked in various places.
The link below is from the Financial Times' website
FT.com / Markets data / DTG:LSE: Performance for Dart Group
Of course, the stock-ex value of a firm does not always match the value of a firms assets. If a another firm was looking to take over a company who has shares listed on the stock market, those shares will rise, and thus the value of the company will also rise.
There are many companies quoted on the stock market with large financial values, yet some of these firms own very little in the way of assets. Their prime asset could be anything from an "idea in development" (such as a new medicine) to their own brand name.
Join Date: Aug 2007
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I know how jet 2 like to offer slightly different destinations for a L.C.C Isreal, Egypt not that unusaul but Turkey etc.
What I do not understand is why they have never started more routes from Belfast. The Turkey market is massive, I don't know how many flights there are to Turkey in peak season but it must be at least 20-25. Lots of people have properties or want to book it themselves to save money. Is there a reason because they have expanded to these destinations from the mainland?
What I do not understand is why they have never started more routes from Belfast. The Turkey market is massive, I don't know how many flights there are to Turkey in peak season but it must be at least 20-25. Lots of people have properties or want to book it themselves to save money. Is there a reason because they have expanded to these destinations from the mainland?
Join Date: Aug 2009
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The Turkey market is massive, I don't know how many flights there are to Turkey in peak season but it must be at least 20-25.
surely that would be far too many....
That's currently around 4000 passengers a week for turkey alone....
Join Date: May 2000
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Interesting article:
BBC News - Rescued Romanian lions fly to new Yorkshire home
I wonder when Jet2 bought the 'converted Boeing 747'!
BBC News - Rescued Romanian lions fly to new Yorkshire home
I wonder when Jet2 bought the 'converted Boeing 747'!