Buzz takeover completed

[FlyingIrishman]

RYANAIR RELAUNCHES 13 BUZZ ROUTES WITH INCREASED FREQUENCIES AND HALF PRICE AIR FARES
Core of Buzz’s loss making operation saved.
Over 90% of Buzz pilots accept new contracts with increased pay.
Ryanair announces 1 million seats on sale for a tenner (£10).
Never before has it been so cheap to get away

Ryanair, Europe’s No.1 low fares airline today (Monday, 17th March 2003) celebrated St Patrick’s Day by making a number of significant announcements at a press conference in London.


Buzz pilots overwhelmingly accept new Ryanair contracts
Ryanair confirmed that it had received acceptances from over 90% of the pilots who were offered employment contracts with increased remuneration in the new Ryanair/Buzz operation from 1 April next. The balance is largely due to people who have yet to return from leave, in order to accept the offers.

Ryanair confirmed that with these acceptances, it now has sufficient personnel to relaunch 13 of Buzz’s 24 routes, with increased frequencies (over those previously offered by Buzz) and at fares that start at half the price previously quoted by Buzz from 1 May onwards. Passengers travelling on these routes over the next 12 months will save over €80m over the fares which were previously charged by Buzz.

In addition Ryanair confirmed that it had made a special email offer to all former Buzz passengers (whose fares were fully refunded as a result of the cancellation of Buzz’s flights). They can avail of a special offer to travel on these 13 routes during the month of May at half the price of the new Ryanair published low fares. In effect these people have already received a full refund of their Buzz fares and will now be able to book seats for flights during May at one quarter of the fares previously quoted by Buzz.

Ryanair expects that the rescued Buzz operation will over the first 12 months operate 8 aircraft, with a total of over 170 people, and will carry almost 3 million passengers at an average fare of just €43. This will be at half the average fare charged by Buzz last year, when with 10 aircraft and 610 employees, it carried less than 2 million passengers, at an average fare of over €80.

Ryanair confirmed that these new low fare seats to Germany, France and Spain would go on sale from 10.00am on Monday 17th March (St Patrick’s Day), passengers are advised to book quickly as clearly these seats will be snapped up in record numbers.

Ryanair announces the sale of 1 million seats “for a tenner”
Ryanair also announced that to celebrate St Patrick’s Day, and the successful reorganisation of the loss making Buzz operation, it would celebrate by offering 1 million seats across all of its 59 (non Buzz) routes to/from London for just £10 one way (incl. Government taxes and airport charges).

This “One million seats for a tenner” offer will commence at 00.01hrs on Tuesday 18th march and will be available for purchase at www.RYANAIR.COM until midnight (24.00hrs) on Thursday 20th March. These seats will be available for travel subject to a three day advance booking restriction from the 21st March until the 16th April, and there are over 1 million seats on sale at these crazy low prices for people who wish to book and travel within that period.

Speaking at this morning’s press conference in London, Ryanair’s Chief Executive, Michael O’Leary said:

“I can think of no better way to celebrate Paddy’s Day than by announcing the successful reorganisation of the loss making Buzz operation. Buzz is currently losing over €1m a week and KLM have confirmed their intention to close it down if the sale to Ryanair doesn’t proceed. We are therefore delighted that the overwhelming majority of the people who have been offered new contracts, at significantly increased remuneration, have decided to come on board and join Europe’s No.1 low fares airline. Their decision completes this rescue and will I believe lead to long successful and well rewarded careers in the aviation industry within the Ryanair group.

“Average pay in Ryanair exceeds the average pay of staff in British Airways, Lufthansa and Aer Lingus and I am delighted to welcome these new recruits who have chosen to come and work for Europe’s No.1 low fares airline.

“We also look forward to welcoming up to 3 million passengers on board Ryanair’s low fare services on the 13 Buzz routes over the next 12 months. With increased flights, and half price air fares, these customers will save more than €80m in the next 12 months, compared to the average air fares charged by Buzz over the past year.

“These announcements today effectively complete the turnaround and reorganisation of the loss making Buzz operation. The disposal by KLM UK is due to be completed on 1 April next, and we remain hopeful that the various regulatory authorities will grant their approval on or before that date so that the core operation and over 170 jobs can be saved.

“Ryanair’s own traffic continues to expand rapidly. The new base launched in Milan Bergamo on 2nd February is enjoying record load factors, and the advance bookings on the ten routes to/from our new Stockholm Skavsta base, which starts operations on 4 April are pouring in. The aircraft have already been delivered by Boeing for these new bases, the pilots and cabin crew have already been recruited and trained, and we can hardly wait to start flying and offering millions of Scandinavian consumers real choice and low fares as Ryanair smashes the “high fare” SAS monopoly in Scandinavia.

“Clearly St Patrick’s Day wouldn’t be Paddy’s Day without some form of celebration. To mark the occasion and the successful conclusion of the Buzz reorganisation Ryanair has decided to offer 1 million seats across our entire network for travel over the next 4 weeks for just £10 one way.

"In all cases these tenner fares will include Government taxes and airport charges, which means that in some cases the net fare charged by Ryanair (excluding government taxes and airport charges) will be as little as £0.01p. Penny flights for Paddy’s Day. A million seats for a tenner. These fares yet again prove, as we say all over the world on Paddy’s Day - you’ll never beat the Irish

[Buster the Bear]

So how many non-pilots have been shafted by KLM via this purchase by the Harps?

[brabazon]

I noted that Ryanair are passing some of their own flights over to buzzaway ltd - including Newquay. Does this mean that they will be putting the 146-300 or 737-300 on the route and are they going up to 2 x daily for the summer?

[MerchantVenturer]

brabazon,

Haven't heard that one although it could make sense - if timings were right (early morning and evening) could even allow some Essex people a day in Cornwall.

In the local paper here yesterday it was announced that I o S Skybus was starting a daily NQY-BRS rotation at the end of the month - so perhaps Newquay is on the expansion trail.

[flysr4ever]

And the list of Buzz operated Ryanair flights can be found here:

http://www.ryanair.com/buzz1.html

[lgtjanssen]

Strange, according to the KLM spokesperson Ryanair still isn't happy about the price they've to pay for Buzz (due to the fact that the Buzz cash position was lower than Ryanair hoped for due to Buzz had to make the refunds).

[Flake]

"I can think of no better way to celebrate Paddy’s Day than by announcing the successful reorganisation of the loss making Buzz operation"

Now personally I wouldn't class a "successful reorganisation" as cancelling all New flights starting from bournemouth "sucessful".

But then what do I know!.