Re: NEWS : Easyjet in talks to buy Gp Fly

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...You mean flying FOR FREE!

Well, Bill Hough, notorious for getting cheap deals
would jump on this, right Bill!

Bryant Petitt
Cumming, GA

--- Jim Fulton <jim.fulton@talk21.com> wrote:
> Evening guys, some not so good news for competition
> here in Europe as the
> small guys start playing big boys games. BBC TV News
> tonight reported that
> one of the few routes where EZY and GOE fly head to
> head is
> Edinburgh-Belfast, with EZY quoting ZERO flight
> prices, just government and
> airport tax, on the route. Ryanair are strong
> competition for both here in
> the UK and increasingly in Europe.
>
> Easyjet had been recently reported as being in
> negotiations with Boeing and
> Airbus over an order approaching 100 737NG/319
> aircraft. Go had also been
> reported as starting to look for newer equipment to
> replace their leased
> fleet of 3 to 14 year old 737-300s. Ryanair had
> recently concluded a deal
> for up to 100 737-800s over nearly ten years with
> Boeing.
>
> Jim
>
> From bbc.co.uk/news :
>
> Friday, 3 May, 2002, 17:29 GMT 18:29 UK
> Easyjet in talks to buy rival Go
>
> Easyjet, the UK-based low cost airline, is in talks
> about buying its rival
> Go. If a deal goes ahead, the company would be a
> major player in Europe,
> rivalling no frills airline Ryanair and posing a
> greater threat to British
> Airways. It would create a substantial low-cost
> airline in Europe.
>
> Easyjet has confirmed that talks have been going on
> for some time and has
> said negotiations are at an advanced stage and are
> continuing. The company
> said it was forced to make a statement to the London
> Stock Exchange when it
> became aware that news of the negotiations had been
> leaked. The statement
> was made in consultation with Go and 3i, a venture
> capital group that owns
> 43% of Go.
>
> Easyjet said it had previously indicated that it
> would actively consider all
> possible opportunities for further expansion in the
> European short haul
> airline market. And the company pointed out that
> since the terrorist attacks
> of 11 September the opportunities to expand had
> increased.
>
> A 3i spokeswoman said talks began after it and the
> board of Go were
> approached by Easyjet. "Obviously it would create a
> substantial low-cost
> airline in Europe. If an offer is made we will
> consider that along with the
> board of Go and other shareholders," she said.
>
> Easyjet was set up in 1995 by the flamboyant
> entrepreneur and shipping
> tycoon, Stelios Haji-Ioannou.
>
> The airline's main base is at Luton airport, in
> Bedfordshire, 30 miles north
> of central London but it also flies from London
> Gatwick and Liverpool. It
> has 31 737-300 and 737-700 aircraft flying to 45
> destinations.
>
> Mr Haji-Ioannou recently said he was stepping down
> as the airline's chairman
> to concentrate on expanding Easy Group into areas
> such as cinemas and low
> cost hotels. Sir Colin Chandler was named as his
> replacement.
>
> Go is based at Stansted airport, in Essex, and was
> set up by British Airways
> in 1998. It has a 22-strong fleet of 737-300
> aircraft flying to 38
> destinations.
>
> Mr Haji-Ioannou has always been fiercely critical of
> his rival, which he
> felt was unfairly subsidised by BA. He even used the
> launch of Go to win
> publicity for his own airline by booking seats and
> turning up wearing
> Easyjet's trademark orange uniform.
>
> In June last year, British Airways sold Go but the
> rivalry with Easyjet
> appeared to be as intense as ever. Go chief
> executive, Barbara Cassani, an
> American, was appointed by the then chief executive
> of British Airways, Bob
> Ayling. Ms Cassani was recently named Veuve Clicquot
> businesswoman of the
> year.
>
> Easyjet shares ended the day up nearly 5% at 472p
> with Ryanair up 2% at
> 382.5p. BA shares were 4% lower at 229.5p.


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