Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
EUJet Taken Over By PlaneStation Group?  
User currently offlineTW741 From Austria, joined Sep 2004, 479 posts, RR: 0
Posted (11 years 8 months 4 days 13 hours ago) and read 2752 times:

EUJet seems to be taken over 92% by The PlaneStation group (PSG). According PSG the financing was performed by issuing 111 Million new shares at a nominal value of 1 Pence (UKL 0,01) each. The new shares where obviously sold at 4,65 Pence per share meaning a capital increase of 5,4 billion UK-Pounds. The revenue out of 54 Million shares will be used to buy out EU Jet from the present owners. So far PSG held a stake of 30% in EUJet.

PSG originally was a building contractor and real estate company by the name "Wiggins". PSG acquired a few airports in Europe, like "Kent International Airport" (London-Manston Airport) or "Black Forest Airport" near Lahr in Southwest Germany.

Purchasing an airline as an airport operator makes sense - the more flights out of the own airport with the own airline means more income for the airport and lower fees for the airline itself.

EUJet new routes as of October
Big plans of PSG with EUJet: Having flights out of London-Manston MSE to AMS, DUB, CPH, FAO, NCE, PRG, JER and MJV new destinations to be added by October 4th will be EDI, GLA, MAD, MAN, MIL and as of October 10th AGP and PMI.

Special offers like MSE-EDI or MSE-PRG start at 7 UKL.
All services are flown with Fokker F100 jets.

Links for further information:
PSG Group: http://www.planestation.com/
MSE Airport: http://www.london-manston.com/
EU-Jet: http://www.eujet.com/EN/
"Black Forest Airport": http://www.blackforest-airport.com/index.html


[Edited 2004-09-30 18:21:58]

TWA - we showed you how good we have been!
2 replies: All unread, jump to last
User currently offlineBackfire From Germany, joined Oct 2006, 0 posts, RR: 0
Reply 1, posted (11 years 8 months 4 days 8 hours ago) and read 2685 times:

No, no and no.

PlaneStation has the OPTION of taking over EUjet and that doesn't come into effect until 2007.

User currently offlineRobK From United Kingdom, joined Sep 2004, 4022 posts, RR: 17
Reply 2, posted (11 years 8 months 4 days 8 hours ago) and read 2685 times:

They won't last until 2007 imho. Give it until the end of the year, if that long.



Just my 2p.

Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
S7 To Be Taken Over By Aeroflot? posted Fri Jul 14 2006 20:18:57 by Flying-Tiger
SAS To Reopen Stations, Taken Over By LH, In 2006? posted Sat Oct 22 2005 19:54:37 by GodBless
What Airport Has Been Taken Over By Air Rage? posted Sun Jun 26 2005 04:15:20 by Swisskloten
Dutchbird Has Been Taken Over By HollandExel posted Fri Oct 8 2004 12:30:49 by Sfilipowicz
Dutchbird Taken Over By Exel? posted Fri Oct 8 2004 09:12:28 by TW741
US Airlines Taken Over By European Airlines..... posted Wed Apr 21 2004 01:40:33 by Kl911
F9 Ramper Run Over By Plane At DEN posted Mon Dec 4 2006 01:05:30 by Aviacentre
Breaking News: Some US Airways Pensions Taken Over posted Wed Feb 2 2005 16:33:37 by SHUPirate1
Routes That Express Carriers Have Taken Over? posted Wed Jan 5 2005 16:59:58 by QuestAir
Majour British Airport To Be Taken Over posted Sun Dec 21 2003 23:57:22 by 777ER