EasyJet to buy Go
Join Date: Jan 2001
Location: Fantasy Island
Posts: 555
Likes: 0
Received 0 Likes
on
0 Posts
Join Date: Mar 2002
Location: EDI, LHR, NQY
Posts: 402
Likes: 0
Received 0 Likes
on
0 Posts
EASYJET IN TALKS TO BUY RIVAL GO
By Abigail Townsend, City Staff, PA News
Budget airline easyJet and rival Go are in takeover talks, it emerged today.
EasyJet is seeking to buy Go, spun out of British Airways last year, and said the exclusive negotiations were at an “advanced stage”.
The Luton-based airline added that the move was part of ongoing plans to expand in the European short-haul market.
mfl
By Abigail Townsend, City Staff, PA News
Budget airline easyJet and rival Go are in takeover talks, it emerged today.
EasyJet is seeking to buy Go, spun out of British Airways last year, and said the exclusive negotiations were at an “advanced stage”.
The Luton-based airline added that the move was part of ongoing plans to expand in the European short-haul market.
mfl
Join Date: Apr 2002
Location: Here and there
Posts: 16
Likes: 0
Received 0 Likes
on
0 Posts
Typical 3i. In for a quick buck and no concerns for the airline and its people. Understandable from their point of view but ho will all at Enterprise House take it.......Orange STN.....how tacky!
short flights long nights
So, is the sale confirmed, or are talks still in progress?
Join Date: Aug 2001
Location: UK
Posts: 82
Likes: 0
Received 0 Likes
on
0 Posts
Mooney - Where did you get your info from? Easy's website says that "they will only conclude negotiations with Go if it is in their shareholders' best interests". It does not say that they are a fore gone conclusion.
Do you have an inside track?
Do you have an inside track?
PPRuNe Secret Agent!
Moderator
Join Date: Nov 1999
Location: West Sussex, UK
Posts: 1,546
Likes: 0
Received 0 Likes
on
0 Posts
Ditto with Blue Bay,
Very typical 3i !!!! Got rid of us at EXC when the right offer arrived on the table.
But they are an investment company, I was still employed by GO when they were bought by 3i and I always said by year 5 they will sell if the price is right, the contracted built in amount to be given to BA if they sell GO before year 5 was a giveaway of this.. - but by year 1....!Blimey!!!!!!
Makes sense though, I thinks its a fantastic idea, only way they'll be able to compete with Ryanair and now make a serious effort to push BA out of the short haul market altogether...should be very interesting to watch.
Very typical 3i !!!! Got rid of us at EXC when the right offer arrived on the table.
But they are an investment company, I was still employed by GO when they were bought by 3i and I always said by year 5 they will sell if the price is right, the contracted built in amount to be given to BA if they sell GO before year 5 was a giveaway of this.. - but by year 1....!Blimey!!!!!!
Makes sense though, I thinks its a fantastic idea, only way they'll be able to compete with Ryanair and now make a serious effort to push BA out of the short haul market altogether...should be very interesting to watch.
Join Date: Feb 2002
Location: Northern England
Posts: 112
Likes: 0
Received 0 Likes
on
0 Posts
mmm... 3i will be pleased.
They will make loads of cash from this but it isn't a nice place to work. I used to work there for a while, but was told that I didn't fit in.
I took that as a compliment.
They will make loads of cash from this but it isn't a nice place to work. I used to work there for a while, but was told that I didn't fit in.
I took that as a compliment.
Join Date: Apr 2002
Location: Manchester, United Kingdom
Posts: 133
Likes: 0
Received 0 Likes
on
0 Posts
I wonder if there is any chance Easyjet will keep the two easy and go brands seperate, continuing to run Go out of STN and EZY out of LUT, but perhaps code-sharing on services and co-operating in that way?
Probably no chance whatsoever
Shame, I like Go
Probably no chance whatsoever
Shame, I like Go
