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:
MSE Airport:
"Black Forest Airport":


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



Just my 2p.

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