January 5, 2011 at 12:29 pm
Sir Stelios fires warning shot at EasyJet in today’s FT
As budget carrier plans to buy 15 new Airbus A320 aircraft, its biggest shareholder says he is focused ‘not on seat capacity numbers but on earnings per share’
http://link.ft.com/r/YIQXNN/YH9BWA/94MF9/WLIK0Y/6VJUDX/B7/h?a1=2011&a2=1&a3=5
Ho hum! major shareholder at loggerheads with board, corporate management and possibly medium to long term strategy
My own personal opinion – maybe he should concentrate less on chasing EPS and instead focus on good service, good to excellent corporate governance and his Market Cap figure will climb (EPS with it).
Push only EPS and its a winner (shareholders) takes all with nothing for paying customers in service rewards.
By: wozza - 7th January 2011 at 19:37
Though during Ryanair’s latest RFP for new aircraft, was M O’L not quoted saying that he would not rule out going with Airbus if they presented a good enough offer, as if they had a large fleet of both they could justify the additional crew and maintenance costs?
Probably just a tactic to twist Boeing’s arm into lowering their prices yet further…
That said, if Airbus did offer to beat Boeing, i’m sure M’OL would be there in a flash, given the bargain I understand he already gets. That said, I believe I saw somewhere Airbus say they weren’t interested in M’OL’s games and had no intentions of selling him any aircraft any time soon, given that he lives in his own fairyland world of bargain basement new build aircraft
By: symon - 6th January 2011 at 12:46
For the same reason Ryanair have a single aircraft fleet, it’s cheaper to maintain and train crews on just one type of aircraft than two.
Though during Ryanair’s latest RFP for new aircraft, was M O’L not quoted saying that he would not rule out going with Airbus if they presented a good enough offer, as if they had a large fleet of both they could justify the additional crew and maintenance costs?
By: pauldyson1uk - 6th January 2011 at 09:26
Why are ezy getting rid of perfectly good 737’s which are early 2000’s built.
all to do with money dear boy , money.
Have a single type fleet means any of your pilots can fly any aircraft you have.
have 2 different types and it extra training , equipment and what ever else is needed.
By: PMN - 5th January 2011 at 22:24
For the same reason Ryanair have a single aircraft fleet, it’s cheaper to maintain and train crews on just one type of aircraft than two.
By: tommyinyork - 5th January 2011 at 22:06
Why are ezy getting rid of perfectly good 737’s which are early 2000’s built.
By: nJayM - 5th January 2011 at 14:19
Here is the Airbus official version on 15 A320s for EasyJet
EasyJet expands fleet with 15 additional Airbus A320 aircraft 4 January 2011
http://www.airbus.com/en/presscentre/pressreleases/press-release/detail/easyjet-expands-fleet-with-15-additional-airbus-a320-aircraft/
European based easyJet has signed a contract to buy a further 15 A320 aircraft and to convert an existing order for 20 Airbus A319s into the larger A320 model. The agreement is part of an order book which now totals 242 Airbus A320 Family aircraft, making easyJet one of the world’s largest customers for this type.
“We are pleased to announce this agreement with Airbus. It will help deliver easyJet’s strategy of continued profitable growth, whilst providing even more flight capacity for our passengers. A central feature of the agreement is the flexibility it gives easyJet to vary the growth rate in its capacity to reflect economic conditions and market opportunities,” said Carolyn McCall, easyJet Chief Executive.
“This easyJet order from a world leader in low cost air travel is a great endorsement and recognition of our state of the art A320 Family. The A320 is the industry benchmark for passenger comfort, reliability, productivity and eco-efficiency,” said John Leahy, Chief Operating Officer Customers.
Today, easyJet operates a fleet of 182 Airbus A320 family aircraft. Reflecting the airline’s ambitious expansion, easyJet took delivery of its first A320 family aircraft an A319 in September 2003 and of its 100th aircraft just three and a half years later in April 2007.
Airbus invests 100 million euros a year in keeping the A320 Family technology state of the art, and maintaining it as the most fuel efficient and modern aircraft family, which delivers unrivalled operating economics and also passenger cabin comfort.
Airbus aircraft share a unique cockpit and operational commonality, allowing airlines to use the same pool of pilots, cabin crews and maintenance engineers, bringing operational flexibility and resulting in significant cost savings.
The A320 Family (A318, A319, A320 and A321) is recognised as the benchmark single-aisle aircraft family. Over 6,800 Airbus A320 Family aircraft have been ordered and over 4,500 delivered to more than 310 customers and operators worldwide, making it the world’s best-selling single-aisle aircraft family.