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.

6% rise today, long may it continue.

All quiet on this thread at the moment but shares still worth holding onto.

In the local paper yesterday there was an article refering to the flights which will start in June by EUjet. Cant remember exactly what , but it was good news.

Sorry for the lack of info

G12

c/o
http://www.ppjn.com/html/jeujet.html
(Professional Pilots Job Network)

Bases

Bergamo, Italy
Milan Malpensa, Italy
Mulhouse, France
Birmingham, United Kingdom
Manston, United Kingdom

The Employment Situation

Training Captains, Captains and First Officers with Type rating on F100.

Outlook : Excellent, EUjet have announced their intention to operate scheduled services from Kent International Airport in the United Kingdom, as well as continuing to operate wet leases for other operators

Fleet

F100

The airline expects to have up to ten aircraft by the end of 2004.

Good luck
Ed

C/O
https://www.h-l.co.uk/live/newsletters/PSPMAR04.pdf

PLANESTATION
Price 41/2p Bid 4.3p Offer 4.7p
Year's High 53/4p, Low 23/4p
Year End 31 March
Prospective PER na Net Yield na
Market Capitalisation 95.3m
Net Asset Value per Share na
Sector Transport
Next Results Finals - May
Opinion: The shares were highlighted by Smart Cat at 41/4p (PSP Jan 04). Since then there has been news of a deal with Eujet which is to use Manston as a base.
The exciting thing about this is that there could be further deals.
This could be the beginning of the development of the group's PlaneStation concept.
Institutional investors recently forced the resignation of the Chief Executive who has been replaced by a corporate recovery specialist.
Overall, this could prove to be a good move. Consider as a buy.

COMMENT The group's shares were in demand after the announcement that
EUjet, the Shannon-based airline, had signed a deal to make PlaneStation's
Manston Airport in Kent the base for 29 routes covering Ireland, the UK and
Europe. It is anticipated that the first flight will take place on the 14th June.
Formed in May 2003, EUjet is a fully licensed and approved airline. It has so far
been involved in the provision of fully supported aircraft to airlines and tour
companies, as well as operating charter flights out of Dublin, Birmingham,
Bergamo and Milan. It also operates aircraft on behalf of Air France.
The deal is reported to be earnings enhancing for PlaneStation and EUjet could
be the first of several airlines flying out of Manston. It has been welcomed by
Kent County Council. There is already a long-term plan involving the local
council to expand the existing passenger facilities at the airport, which may now
be brought forward.
At present there is no direct rail link into the airport, although there are several
stations nearby. Railtrack's 2001 to 2006 Local Transport Plan for Kent
indicated that a dedicated rail link (costing between 16m and 20m) would be
viable when Manston was attracting "significant" passenger numbers. Some
300,000 passengers are expected from the EUjet deal in the first year, rising to
2m within three years. Should other deals be struck, these figures could be
significantly higher.
In early March, major institutional investors forced the resignation of Chief
executive, Oliver Iny. His career as CEO of Wiggins Group was colourful and at
one stage the company was obliged by the authorities to restate several years'
accounts. He has been succeeded by Martin May, a corporate recovery
specialist.
It's early days and there are no figures to prove it, but we think that the EUjet
deal and the prospect of further deals considerably increases PlaneStation's
credibility. We could be seeing the first steps in developing the PlaneStation
network involving the group's six other airports.
Published March 2004 available to download on the link.

Good Luck
Ed

Thanks eddie

Todays shares mag

http://www.moneyam.com/sharesmag/edition64/?page=feature1

An interesting letter from Iny to the PSsilentmajority :


http://www.pssilentmajority.org/Letter%20to%20PSsilentmajority%202.pdf

Thanks Fundamentalist

Next few weeks could be interesting :

Iny declaring his hand
May outlining his strategy
Eu routes to be announced

Todays shares mag article:

Planestation (PTG) shareholder action group PSsilentmajority claims it is close to calling an extraordinary general meeting to reinstate former chief executive Oliver Iny.

The group formed after Iny was ousted by institutional shareholders, needs to have 10% of the companys shares registered with it to hold an EGM and representative Stephen Lock says this is near to being secured.

Despite his unpopularity with the City PSsilentmajority claims Iny is the best man to run the airport operator because of his "vision for a new way to travel".

The group is concerned by the appointment of new chief Martin May because he has "no experience of airports or aviation" and fears he plans to break up the company.

May who is credited with turning around Cape (CIU) of which he is now chairman, is to hold the position until the end of 2004 and is carrying out a corporate review.

"We want to play to our strengths and not spread ourselves too thinly" explains Christopher Foster, director of Planestation. "We are trying to run too many airports and we will want to concentrate on the main airports"

Planestation refused to comment on PSsilentmajority's concerns.

"They dont think there's anything to say" says a spokesperson for the company. "The action group is concerned they'll be shutting down Manston but (there are no plans to do this) and Martin is just doing a review of the operations"

Shares have fallen 22% to 4.5p since Mays appointment

Shares says: Steer Clear

Fundamentalist

It was interesting that it was written by Piper Terrett & not Tim Freebourne.

Come on Tim, what have you got to say about it?

Looks like a good price to top up next week.

As Fundamentalist said there are several things happening in the next few weeks.

I think that the price is only where it is because of the uncertainty.

Some hot news from Manston just arrived from my spy on the ground is that the terminal restaurant is closing in a day or so. It will be closed for alterations for some weeks and will re-open more oriented towards snacks and tiffin rather than full meals. This news will upset some locals who like to pop in for lunch and watch the aircraft load/unload during their meal.

Still, that's progress, I surmise that the facility will be smaller and the space saved will be utilised for other purposes. The airline will want offices for some personnel, there has been no mention of where they will be located so far.

Will Iny be making and serving the sarnies.

Jeff
I don't think he's qualified.

ttt

I would expect to see franchise caterer in restaurant paying PTG for the pleasure when space planning is completed, which should keep the locals happy and they can watch construction works as well as airplanes

Someone told me that PTG shares are going to take off by 12th may.

When asked why, all he would say is that he read it in the tealeaves.

Probably knows nothing more than we do but we shall see.

I shall miss the old restaurant, Pieter who ran it looked after it well and served up a great Cumberland Sausage in onion gravy. I'm told by locals that there will only be a snack bar when the alterations are finished. Shame, but for the moment the space is probably needed for the arrivals/departures.

so there`ll be no more good news until the catering gets back to normal eh!!