Time now for all us Wiggins watchers to move with the times and start using Planestation, the new company identity. The name Wiggins Group plc has now disappeared from the database at Companies House and Planestation is now listed on the LSE website.

So fellow travellers, forget Wiggins, the name of the game is now PLANESTATION. Lets hope it goes like an express train.

Big trade went through, but other than that not alot of new news.

PlaneStation Group Plc: PTG.L / Index: LSE / Sector: Transport

8th March 2005

PlaneStation Group plc ('PlaneStation' or 'the Group')
Update



PlaneStation Group plc, the fully listed airport and airline operator, has made
significant progress following its restructuring programme and successful fund
raising earlier this year. The new strategy being implemented is aimed at
enhancing the value of the Group's airport assets and creating a successful low
cost airline, EUjet, based at Kent International Airport, Manston ('KIA') and
Shannon ('SNN') in Eire.



Black Forest Airport, Lahr, Germany



On Monday 28 February the Higher Administrative Court of the State of
Baden-Wurttemberg issued a judgement that the state government's refusal to
grant a full passenger licence at the Group's Black Forest Airport, Lahr,
Germany, was unlawful. No leave to appeal has been granted and the licensing
authority is obliged to reconsider its decision within one month.



Black Forest airport has been identified as a core airport asset of the Group
and a potential future hub for the Group's wholly owned airline EUjet. Situated
within 30 minutes driving time of Strasbourg, the airport extends to 515 acres
with a further 380 acres of development land adjacent to it. The airport
already has a full cargo licence.



KIA and EUjet



EUjet, the Group's low cost airline based at KIA, shows continued progress with
seats sold now exceeding 260,000 since its launch in September 2004.



Having changed the emphasis across the airline from business to leisure, the
average load factor across the airline is typically 60 per cent. Demand is more
leisure based than previously anticipated with stronger forward booking orders
for the peak summer season. Significantly the catchment area for passengers is
greater than previously anticipated and website hits have reached 100,000
visitors per week recently.



Additionally, the Group's discussions with cargo operators are progressing well.
KIA has the facilities to handle significant cargo volumes with its new Border
Inspection Post and being out of the air traffic control loops of Heathrow and
Gatwick, offers considerable time advantages over other airports as well as
competitive costs.


* * ENDS * *



Contacts:

Isabel Crossley St Brides Media & Finance Ltd Tel: 020 7242 4477



Notes to the Editors:

Fully listed PlaneStation Group plc is an airline and airport operator
with additional property assets
EUjet operates low cost leisure and business passenger flights from its UK
hub at KIA and weekend hub at Shannon in the Republic of Ireland. It
currently operates scheduled services to 22 UK and mainland European
destinations and uses a ticketless booking system -
www.eujet.com
.
Kent International Airport, Manston ('KIA'), is a fully operating airport
servicing both passenger and cargo traffic.
Manston Park comprises approximately 103 acres adjacent to KIA, which the
Group hopes to market and develop in conjunction with the airport.
Other key airports include
Black Forest Airport, Lahr, Germany, 30 minutes from Strasbourg,
currently services cargo traffic, but expects to begin passenger flights
within the next 12 months. Facilities include a 3,000 metre runway, 3.5
acres of hangar space, 15 acres of concrete aprons and taxiways, a
traffic control tower, fire station and parking facilities.
Melbourne Airport, Florida USA, 83 miles from Disneyworld, currently
handling approximately 400,000 domestic US passengers per annum. It is
the closest airport to Port Canaveral, which is the second busiest
cruise port in the world. The Company currently holds an operating
licence for the international terminal for an initial period of 10 years
with five consecutive five-year extensions, subject to performance
thresholds, up to a total of 35 years.
Other core properties include Fairlop Waters, Forest Road, Barkingside,
Essex, a leasehold property that comprises approximately 345 acres at
Fairlop Waters, which is presently operated as a leisure facility. The
Company hopes to develop a racecourse and grandstand with ancillary
buildings at the site.
The Group also owns a number of other non-core properties which are being
disposed of.




This information is provided by RNS
The company news service from the London Stock Exchange

Never a dull moment with PTG, finance director given the old heave ho!

For those interested in passenger figures, the UK CAA has just published the April provisional figures for KIA. Remember please that these figures are NOT EUjet pax figures, they are KIA only.

April 2005 total 30,775 passengers.

Rolling year 213,071.

thankyou Charles7 for all that info.Unfortunately,I bought these share LONG ago and have lost about 2000 so far,This company is a prime example of how not to get it right as far as shareholders are concerned.Maybe they will be succesful.Seem cheap at today's price.

New article for PTG watchers.

http://www.kentonline.co.uk/business/news.asp?article_id=20546

Thanks Socrates,

I may get back into these if passenger numbers go well over the summer.

apple
April figures from EUjet should be out soon.

What is going on with this company? The sale of the International Garden Festival Site in Liverpool is still going ahead and will net the company 10.8 million at the start of June.

Institutions are also increasing their stock.

Over the last few weeks Goldman Sachs have increased their stake from 5.19% (13 Apr) to 6.53% (21 Apr) to 8.14% (11 May) and finaly up to 10.15% (23 May).

Artemis have also been active here, increasing their stake from 5.84% up to 9.67%.

And Newstar Asset Management are also on board, increasing their stake from 7.06% to 10.69%.

This all happening when other institutions are closing a lot of their positions in the AIM and midcap markets. So why is the sp still going in the wrong direction?

Star

I think you have missread the Artimus figures ie, todays post 26/5 shows a total holding of 16,164,888 against the posting 44,123,659 on 13/5 that is falling to 3.54% against 9.67% on 13/5...Artimus appear to be bailing out while Goldman Sacks [owing to the closeness of their postings] appear to be buying up some of these shares...what can we ordinary mortals make of it I do not know...

Meantime the price continues to fall and like others I have a few ahares left which I have writen off...I am sure there is value here but who will harvest it?...ptg has been brought to its knees by a vicious group of derampers who continue to plague it on another BB...the unique concept of drome and airline must be right.

Dont blame the companies demise on derampers, blame it on the past mananagement

Next few days could be interesting. Artemis have been steadily divesting themselves of PTG shares. On 26-May-05 they announced their holding as 18M shares. Two sales today, probably Artemis, totalling 12M. That would leave just 6M overhang so it will be interesting to see where the price goes after that, they might even clear that tomorrow.

4.9M received from Liverpool too.

Latest EUjet passenger figures:

http://www.eujet.com/EN/corporate/news.asp

Socrates

I live in the local area to manston and have been hearing "rumours that BA are looking to purchase the airport L S and Barrell providing the accounts are correct and that it is a viable business! Any thoughs?

G12

Its all in the price. LOL

the price would be very cheap if anyone was interested surely

Well I'm glad I got out of this one a long time ago.

They are selling off their crown jewels, looks like they have had their brains removed.

28/06/05 13:49 Planestation to sell Kent business park stake to fund EUjet operations UPDATE AFX

Its all in the chart

g12, long time since I`ve posted, since I lost 10`s of 1000s on these. There is more chance of you being struck by lightning in a coalmine than BA buying KIA or PTG!! My optimism for this outfit was `kicked` out of me over last 6 - 9 months, but price now doesn`t even warrant selling so maybe best to hold!!

Yea,agreed.What a mess they've made of things.Chaotic management changing all the time.Good assets undeveloped etc.I bought at 22p on a great reference from someone on Bloomberg,I think!
My shares worth nothing now,but have felt the need to experience the steady decline in sp during recent years.Everyone has to have the TOTALLY AWFUL SHARE in their "portfolio" and THIS IS MINE!!!
What do you think their remaining assets are worth?
Is the sp being driven to the ground so that some vultures can pick up any tasty morsels left.I feel an "adieu" coming on.
LOL Ethel