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EasyJet to buy Go

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EasyJet to buy Go

Old 3rd May 2002, 14:31
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EasyJet to buy Go

Oh yes, it's true...
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Old 3rd May 2002, 14:33
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Lightbulb

Says who?
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Old 3rd May 2002, 14:33
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BBC: http://news.bbc.co.uk/hi/english/bus...00/1966796.stm
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Old 3rd May 2002, 14:38
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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
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Old 3rd May 2002, 15:00
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easyGo or GoEasy?

Will it be bubbles or orange?

Interesting news, but will it come off and will Airbus get the combined order?
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Old 3rd May 2002, 15:33
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Maybe Fanta?
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Old 3rd May 2002, 15:40
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Had better change my post until........

Last edited by Mooney; 3rd May 2002 at 16:54.
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Old 3rd May 2002, 15:56
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Crikey!
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Old 3rd May 2002, 16:21
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Thumbs down

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!
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Old 3rd May 2002, 16:36
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So, is the sale confirmed, or are talks still in progress?
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Old 3rd May 2002, 16:42
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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?
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Old 3rd May 2002, 16:44
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Thumbs up

Sounds like a good idea to me.

The future

Easy fly Boeing and Go fly Airbus.
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Old 3rd May 2002, 16:50
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Doesn't selling Go look like a worse decision all the time?
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Old 3rd May 2002, 16:52
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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.
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Old 3rd May 2002, 17:14
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But will easy need two North London hubs only a few miles apart.
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Old 3rd May 2002, 17:27
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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.
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Old 3rd May 2002, 17:28
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Why didnt easyjet cosider buying Go when it was cheaper last year I wonder.
3i got it at a song compared to its value now.
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Old 3rd May 2002, 17:32
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Unhappy

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
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Old 3rd May 2002, 17:33
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Well, I've already had calls from 2 GO pilots saying it's confirmed and they are not wanting to work for EZY. Can they be that choosy I ask ?
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Old 3rd May 2002, 17:36
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Easycom..... EasyGo
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