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Planestation - a little flyer (PTG)     

Scottie - 26 Feb 2004 16:23

Worth a punt at 4p surely;

LONDON (AFX) - Planestation Group PLC, the airport owner and operator, said
it signed a conditional agreement with Irish airline company EUjet with the
intent of Kent International Airport Manston becoming EUjet's hub in the UK.
EUjet arein negotiating arrangements with other airports intended to form
part of the EUjet route structure.
EUjet chief executive PJ McGoldrick, who was formerly CEO of Ryanair said:
"During my time at Ryanair I identified the potential and negotiated the
arrangement which resulted in Ryanair making Stansted Airport its UK hub. I
foresee a similar opportunity at Kent International Airport Manston."
EUjet was formed as venture between its shareholders and debis AirFinance,
part of the DaimlerChrysler group.
It is anticipated that by the end of this year 29 routes will be served from
Kent International Airport, Planestation said.
EUjet is in the process of raising additional capital to allow the company
to expand over the next three years, it added.
EUjet anticipates that its decision to create a new regional airline service
will result in an estimated 300,000 passengers using Kent International Airport
Manston during the first year of operation, growing to about 2 mlnpassengers by
the end of the third year of the operation.
newsdesk@afxnews.com

ajren - 26 Feb 2004 20:27 - 5 of 5

Thanks Fundamentalist
rgds aj
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