Shock horror…I don’t think!!!
UK budget carrier EUjet suspends operations
Victoria Moores, London (26Jul05, 12:51 GMT, 113 words)UK budget carrier EUjet has suspended operations, a day after parent company PlaneStation was refused further bank credit.
EUjet, which is based at Kent International Airport near London, operates a fleet of five Fokker 100s to a number of European holiday destinations.
It is fully owned by UK-based airports operator PlaneStation, which yesterday suspended trading of its shares on the London stock exchange after its financial backer, Bank of Scotland, refused it any further credit.
A PlaneStation spokeswoman says: “All flights have been temporarily suspended from now on.”
The budget carrier has failed to meet its passenger forecasts, forcing PlaneStation to divest some of its assets to meet its EUjet’s higher-than-expected cash needs.
Source: Air Transport Intelligence news
By: Humberside - 26th July 2005 at 18:54
What airports do PlaneStation own? I suppose they will be sold off.
Kent, Black Forest Lahr and some involvement at Melbourne (Florida). They did have a far larger network of airports at one point
By: aiuk - 26th July 2005 at 18:50
Shame… 🙁
I was hoping they would pull out of it and make a success of things. I wonder whether another airline will fill the gap at Manston? What airports do PlaneStation own? I suppose they will be sold off.
Here a tribute to the employees of EUJet…
By: bmi-star - 26th July 2005 at 18:44
In the quote, it says Kent Intl, nr London, its really nowhere near London!!!
By: Humberside - 26th July 2005 at 18:39
Planestation are now in administration
http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=1043108&source=RNS
By: LBARULES - 26th July 2005 at 17:14
EU Jet has indeed gone, apparantly the F100s are being ferried over to France.
A shame, but as Flex says, was always going to happen, apalling load factors, and the fact Manston is so far away from anywhere.
Quote from website, rather short, hidden away at the bottom of the page:
EUjet Alert
Alert
Please be advised that due to unforeseen circumstances EUjet has had to suspend all operations.
More details to follow shortly.
easyJet are now offering flights for £25 for people who were due to fly home on EUJet.
By: Flex 35 - 26th July 2005 at 13:57
It was always going to happen, it was just a matter of time. 🙁
Flex 35
By: Humberside - 26th July 2005 at 13:23
I posted a topic about the EU Jet problems yesterday – http://forum.keypublishing.co.uk/showthread.php?t=45912
EU Jet website only reports suspension of NCL, EDI, BFS and DUB flights, what is the truth?
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July 26, 2005 at 1:06 pm