englandair
Posts: 2193
Joined: Tue Oct 10, 2000 4:34 am

EasyJet, Luton, And Barclays' Fat Cat Charge!

Fri Aug 02, 2002 11:48 pm

Hello,

Whilst getting a quote for a return LTN-CDG flight on EZY's website I came across the following on the 'itemised bill' before you pay.
easyJet has buttons explaining what each of the taxes are there for, and one is labeled "Barclays' Fat Cat Charge". The information comes up in one of those grey Microsoft pop ups so it's impossible to link or copy, but this is what it says:

_________________________________________

"Unfortunately easyJet has no choice but to accept a new passenger charge imposed by Barclays- one of its last actions before selling its majority stake in Luton Airport. We have fought a long campaign to resist its' introduction. But we were recently given a 'take it or leave it' ultimatum.

We do not want to take services out of Luton- you tell us you value them. Regrettably then we are faced with a position of having to introduce this 'Barclays Fat Cat Charge'.

So you are clear where your money goes, we have now separated out the charge that we now have to pay Barclays: £5.50 for every passenger who departs the airport.

This is around a £4 increase on what we have been paying. Unfortunately, prices will have to absorb some of this increase.

Why the name 'Barclays Fat Cat Charge'? Well, Barclays have sold their 65% stake in Luton for 82 million GBP- they only paid 15 million GBP. The 140% per annum return on their initial investment clearly warrants the 'fat cat' description. And who will have to pay for this obscene profit? The airlines and their passengers, of course."

_________________________________________

EZY really don't seem happy with LTN anymore! There's been talk for a while of them moving to STN and especially now that they have a major presence at Stansted (in the form of Go) is it likely that they'll say bye bye Luton?
It would be a MASSIVE blow to Luton if the orange army left, but there have been rumors that EZY's staff would be taken with them to STN if they did move.
Will Stelios et al keep kicking up a fuss at the Barclays charge or will they just abandon LTN in favor of STN?

There's so much going on at EZY right now- it's so exciting! Big grin


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David_itl
Posts: 5946
Joined: Wed Jun 27, 2001 7:39 am

RE: EasyJet, Luton, And Barclays' Fat Cat Charge!

Sat Aug 03, 2002 12:12 am


This refers to difference in the landing/handling fees at LTN between what they are currently charged and what they were charged. When their initial 5 year deal with much reduced fees came to an end, LTN did not renegotiate a new deal with them and just put the fees up (other airlines may not have been too happy with a renewed low handling fee contract).

It coincided with Barclays Bank gaining ownership of the airport but they sold the airport to TBI plc 12 to 18 months ago. If I had owned LTN instead, they would have called it the "Fat Cat david_itl" charge.

David
 
LJ
Posts: 4103
Joined: Wed Nov 17, 1999 8:28 pm

RE: EasyJet, Luton, And Barclays' Fat Cat Charge!

Sat Aug 03, 2002 12:58 am

EZY really don't seem happy with LTN anymore! There's been talk for a while of them moving to STN and especially now that they have a major presence at Stansted (in the form of Go) is it likely that they'll say bye bye Luton?

easyJet would only move easyLand (easyJet HQ) from LTN to STN. They would still fly from LTN.


 
Guest

RE: EasyJet, Luton, And Barclays' Fat Cat Charge!

Sat Aug 03, 2002 1:07 am

Has anyone seen this tent pitched at easyland?

Apparently, easyjet, to legally offer services from its Swiss operation, has to sell acommodation along with its flight tickets. (Swiss law, apparently).

To get around this requirement, easyjet simply pitched a tent outside their headquarters (now hanging from a roof inside...); this was supposedly all they needed to do, in order to comply with the Swiss regulations of selling flights as part of a package.

My source is Simon Calder's new book No Frills.

Anyone know anything about this? Sounds more like something Ryanair would do!

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