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easyJet buys GB Airways

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easyJet buys GB Airways

Old 25th Oct 2007, 06:17
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easyJet buys GB Airways

Announced today at 07:00.
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Old 25th Oct 2007, 06:24
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BA?
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Old 25th Oct 2007, 06:45
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http://news.bbc.co.uk/2/hi/business/7061246.stm

http://www.hemscott.com/news/latest-...52158083006813
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Old 25th Oct 2007, 06:45
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from the bbc web site


Easyjet agrees to buy GB Airways


Budget airline Easyjet has agreed to buy UK carrier GB Airways for £103.5m.
Gatwick-based GB Airways currently serves routes to Southern Europe and North Africa under a franchise agreement with British Airways.
GB also operates services out of Manchester and Heathrow airports, although the purchase by Easyjet does not include the Heathrow slots.
Easyjet said the deal was consistent with its expansion strategy and would strengthen its position at Gatwick.
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Old 25th Oct 2007, 06:51
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Also ends franchise with Loganair
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Old 25th Oct 2007, 07:13
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"We will fulfil our outstanding obligation as a franchise partner to British Airways and then look forward to a smooth operational merger with Easyjet," Mr Hatton said.

Who's he kidding? As an ex Go employee you GB guys and Girls have my deepest genuine sympathy.
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Old 25th Oct 2007, 07:13
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It's been known all along that JG doesn't give a hoot about loyalty or anything and has now sold his staff down the river whilst lining his own pockets all along with Gold.

Can't say I'm sorry to see the back of BA but good riddance to the greedy bunch from Sotogrande.
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Old 25th Oct 2007, 07:25
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Excuse my ignorance, but I'm trying to figure out whether usually this (on past experiences) would mean Easyjet have more pilot vacancies on the horizon as they let GB Airways pilots off or if Easyjet have less pilot vacancies on the horizon as they take GB Airways guys and gals on?

I appreciate its a big unknown but any educated guesses!? Thanks
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Old 25th Oct 2007, 07:30
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Sepi, my educated guess is as such:

1) The GB guys say no thank you to the low cost model (as happened when flybe took over BA Connect) and they walk, hence creating a building-at-the-back-of-the-garden load of jobs

OR

2) Everyone stays put, there are some route consolidations and thus no new positions are needed


My money's on 1.
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Old 25th Oct 2007, 07:37
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My money is on 2.

a) People want to keep the base they are at.

b) GB employees have lived with uncertainty and now they will be part of the UK's 2nd biggest airline with healthy profits.

I think employees in both companies will be delighted. There were no rumours about this so there will be a lot of raised eyebrows today.

PS
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Old 25th Oct 2007, 07:40
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GB Airways

No mention anywhere of plans for Manchester....

Any thoughts???
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Old 25th Oct 2007, 08:00
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Is it just me or does £103.5m for a (presumably) reasonably successful operation, 15 A320/321s, staff etc etc, not to mention the LGW slots, seem like a suspiciously good deal? Or is there more to this than meets the eye?
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Old 25th Oct 2007, 08:01
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er82,
I would not be so hasty. Most people are flying at something around 800 hours and the 5/4/5/3 whilst not everyones cup of tea has been a big selling point in recruitment. What ever you do good luck!
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Old 25th Oct 2007, 08:17
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NorthCountryBoy - from reading the Q&A on the BA Website (sorry, link not to hand) ... Manchester is being treated like the Gatwick ops and being taken over as well, and more info will follow once the deal is completed.

Jordan
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Old 25th Oct 2007, 08:22
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Thanks Jordan.

Very little mention of Manchester on the Easy intranet, the focus seems to be LGW.
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Old 25th Oct 2007, 08:24
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I would think that this should be refered to the Competition Commission (just like the purchase of CityFlyer by BA was) due to LGW slot position, reduction of choice for consumers, etc
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Old 25th Oct 2007, 08:24
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Very early days but from what I've been told by our Northern Balpa chap they will be keeping Manchester open, and you will have the option of moving to Liverpool if you want.
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Old 25th Oct 2007, 08:24
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Could be very interesting for MAN as Easy have wanted in for a while but not been able to get the slots they want, so this could be a back door way in
Then they could buy Baby and there you go you have a complete coverage of the UK and certainly give FR are good run

Ian
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Old 25th Oct 2007, 08:28
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1) The GB guys say no thank you to the low cost model (as happened when flybe took over BA Connect) and they walk, hence creating a building-at-the-back-of-the-garden load of jobs
I have just one rather obvious question. Where are they going to go?
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Old 25th Oct 2007, 08:33
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Do you think so Willy?

I don't know much about LGW, but are there other operators that go to all the same destinations as GB?
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