TW741
Topic Author
Posts: 339
Joined: Thu Sep 09, 2004 11:04 pm

EUJet Taken Over By PlaneStation Group?

Fri Oct 01, 2004 1:13 am

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

=TW741=

[Edited 2004-09-30 18:21:58]
TWA - we showed you how good we have been!
 
backfire
Posts: 3467
Joined: Fri Oct 06, 2006 8:01 am

RE: EUJet Taken Over By PlaneStation Group?

Fri Oct 01, 2004 6:29 am

No, no and no.

PlaneStation has the OPTION of taking over EUjet and that doesn't come into effect until 2007.
 
User avatar
RobK
Posts: 3310
Joined: Mon Sep 06, 2004 1:43 pm

RE: EUJet Taken Over By PlaneStation Group?

Fri Oct 01, 2004 6:32 am

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

Cheers,

RK

Just my 2p.

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos