teahan
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Icelandair Group Takes Over 8% Of EasyJet

Sat Oct 23, 2004 2:50 am

AFP news piece:
http://www.air-cosmos.com/AFP/preview.asp?xml=041022171440.0fwdvr38.xml

The Icelandair Group has taken an 8.4 percent stake as a "long-term trade investment" and may buy further shares in the short term.

Jeremiah

[Edited 2004-10-22 19:53:01]
Goodbye SR-LX MD-11 / 6th of March 1991 to the 31st of October 2004
 
Horus
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RE: Icelandair Group Takes Over 8% Of EasyJet

Sat Oct 23, 2004 7:04 am

Teahan, do you know if that 8.4% will be taken out of what Stelios (and his family) own of the company? I think they still own 35% of the company and the rest is held by private investors (not sure though).

EasyAirbus might know...

Horus

EGYPT: A 7,000 Year Old Civilisation
 
7LBAC111
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RE: Icelandair Group Takes Over 8% Of EasyJet

Mon Oct 25, 2004 9:00 pm

The following on this from Airwise: http://http://news.airwise.com/stories/2004/10/1098468658.html


Smarason said last week Icelandair was looking to expand through acquisitions. "Our intention is to become very aggressive," he said.

Ryanair earlier denied speculation it was considering a bid for easyJet. "Hell will freeze over first," a Ryanair spokeswoman said.

EasyJet founder Stelios Haji-Ioannou has also repeatedly denied he is considering taking the airline private


Interesting times at Easyjet - especially with them foraying further into Ryanairs market in France from STN.

As for where the stock came from, ABTN report the following: Stelios Haji-Ioannou and his family own 41%


[Edited 2004-10-25 14:02:56]
Debate is what you put on de hook when you want to catch de fish.
 
Pe@rson
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RE: Icelandair Group Takes Over 8% Of EasyJet

Mon Oct 25, 2004 9:23 pm

'Interesting times at Easyjet - especially with them foraying further into Ryanairs market in France from STN.'

Currently, U2 serves the following French destinations from STN:

LYN
Grenoble (it hasn't yet begun)
NCE

FR currently serves the following French destinations from STN:

Tours
La Rochelle
Poitiers
Limoges
Bergerac
Rodez
St Etienne
Nimes (which will move to LTN as of 19th Jan)
Montpellier
Perpignan
Carcassonne
Pau
Biarritz

(Dinard was also served from STN until it moved to LTN.)

---

Could you explain which French routes U2 will start from STN? I realise Grenoble was an ex-Buzz route, but that's all I can think of ATM.

It's like Italy: FR serves 15 destinations there from STN whereas U2 serves 6. I don't foresee U2 moving into that market to a greater extent, as that truly is Ryanair territory.
"Everyone writing for the Telegraph knows that the way to grab eyeballs is with Ryanair and/or sex."
 
7LBAC111
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RE: Icelandair Group Takes Over 8% Of EasyJet

Mon Oct 25, 2004 9:35 pm

Pe@rson,

I never said I knew that Easyjet where planning new routes. However I realise I should have backed up my statement a little better. So here I go.

When mentioned U2 where foraying into FR's French market, I was referring to an article on the EasyJet website - http://www.easyjet.com/EN/News/20041012_01.html which says the following -

easyJet, Europe's leading low-cost airline, announced it will be expanding further into the French market with a new service between London Stansted Airport and Grenoble International Airport ... easyJet now operates a choice of 30 routes from France to variety of domestic and European destinations and as the second largest airline in France continues to be committed to offering low fares to attractive main city airports


So while it may not eat directly into FR's market ex LON it may well begin to affect some other city pairs. Then again it may not. Could this be EasyJets response to FR launching more services from LTN and to Spain in particular?

7LBAC111


Debate is what you put on de hook when you want to catch de fish.
 
Pe@rson
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RE: Icelandair Group Takes Over 8% Of EasyJet

Mon Oct 25, 2004 9:42 pm

At the moment, virtually all of FR's flights from France are to the UK - specificially STN or LTN (Dinard and soon Nimes). The exceptions are as follows:

BVA to PIK, DUB, SNN, NYO, BGY, CIA and GRO - but not STN;
Montpellier to HHN and STN;
Carcassonne to CRL and STN;

At the moment, U2 flies from CDG to BFS, NCL, LPL, LTN, DTM, NCE; from ORY, it flies to: SXF; LIN; NAP; MSE; BCN; MAD; TLS.

It's quite obvious that there's no direct competition on any of those routes; the closest is BVA-GRO and -BGY and ORY-LIN and -BCN. This is one of the characteristics of low-cost airlines: they very seldom directly compete. I don't forsee any direct and significiant competition between these two airlines.

[Edited 2004-10-25 14:43:57]
"Everyone writing for the Telegraph knows that the way to grab eyeballs is with Ryanair and/or sex."
 
7LBAC111
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RE: Icelandair Group Takes Over 8% Of EasyJet

Mon Oct 25, 2004 9:51 pm

I disagree. While Easyjet hold market share (of the LCC's) to Spain, FR hold it to France. If FR continue launching services from LTN and STN to Spain (as they say they will) this will have an impact on U2. Likewise if U2 enter the French market there is the potential for significant competition ' in the marketplace ' if not head-to-head. Lots of LCC's are now clambering for the market to Central/Eastern Europe. This is competition. And it cannot be 'insignificant'. It will depend on whether people choose to fly on Easyjet/Wizz/SkyEurope type carriers to major airports, or whether the Ryanair publicity train can get them to fly to now almost disused second world war airfields.
Debate is what you put on de hook when you want to catch de fish.
 
Pe@rson
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RE: Icelandair Group Takes Over 8% Of EasyJet

Mon Oct 25, 2004 11:41 pm

FR, like U2, competes directly on few routes. (By 'directly', I mean competing with at least one other carrier on exactly the same route between precisely the same airports.) In terms of FR, the main routes on which it directly competes are from DUB - like to EDI, BRS, LGW, BHX, LPL and MAN. In mainland Europe, however, it hardly competes directly at all. This said, it competes indirectly much more - like, for instance, from STN to HHN: no other airline flies this route or serves HHN from London, but LH and BA both fly to FRA from a few airports in London. So, as I said before, FR completes directly on few routes, whereas it competes indirectly on many more.
"Everyone writing for the Telegraph knows that the way to grab eyeballs is with Ryanair and/or sex."
 
EZYAirbus
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RE: Icelandair Group Takes Over 8% Of EasyJet

Tue Oct 26, 2004 12:02 am

We still bigger than Ryanair  Innocent

Gonna be expanding to much bigger destinations in Europe that Ryanair only dream of flying to!

Glenn
http://www.glenneldridgeaviation.com
 
Beaucaire
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RE: Icelandair Group Takes Over 8% Of EasyJet

Tue Oct 26, 2004 12:19 am

there has been talks since more than two years about FR setting up a hub in the south of France but other than the change in Nîmes from Standstead to Luton no major news for the Provence-Languedo Rousillion region. MPL is eagerly awaiting more links after the crash of Air Littoral ( specially to Belgium ,Italy,Spain and Holland ) and Carcasonne looks forward in having a third line to northern Europe.
Easyjet would do well by adding MPL to it's ORY and GVA operation...
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7LBAC111
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RE: Icelandair Group Takes Over 8% Of EasyJet

Tue Oct 26, 2004 12:31 am

Pe@rson

I don't forsee any direct and significiant competition between these two airlines

Hence my argument. My point was FR eating into market share of U2 in Spain and U2 eating into market share of FR in France. We clearly misunderstood each other there.

Mark


Debate is what you put on de hook when you want to catch de fish.
 
Pe@rson
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RE: Icelandair Group Takes Over 8% Of EasyJet

Tue Oct 26, 2004 12:38 am

"We still bigger than Ryanair."

Yet U2 don't carry as many people per year as FR and isn't as profitable. So size clearly isn't the main consideration.  Wink/being sarcastic But this is childish so let's not argue over this.

The facts:

U2: in 2003, carried 20.3 million passengers while earning a profit of £52 million. I don't have any stats about how many people U2 has carried over the past 12 'rolling' months.

FR: in 2003, carried 21.3 million passengers while earning a profit of 239.4 million EUR (about £166 million). Since July 2003 until July 2004, FR has carried over 25 million people - so by the end of the year, it should be almost 28 or so million.

How many routes does U2 have? I can't find that info, and I don't wish to count each one.  Laugh out loud FR currently has 180.

[Edited 2004-10-25 17:59:01]
"Everyone writing for the Telegraph knows that the way to grab eyeballs is with Ryanair and/or sex."
 
Beaucaire
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RE: Icelandair Group Takes Over 8% Of EasyJet

Wed Oct 27, 2004 3:11 pm

Icelandair have increased their stake in Easyjet to 10.1 % ...
Please respect animals - don't eat them...