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.

Eujet, just personal opinion

Independent 25 September 2004

Airport owner looks up with budget airline buy
By Michael Harrison Business Editor

Planestation, the owner of Manston airport in Kent, agreed yesterday to buy EUjet, the no-frills airline which began services from there at the start of the month.

The deal values the budget airline at 4.5m and makes PlaneStation the first airport operator in the world to control its own airline.

PlaneStation already owned a 30 per cent stake in EUjet, which it acquired in May in return for a 2m cash injection. Now it is buying up a further 62 per cent of the airline by issuing 2.5m worth of share options to EUjet's founder and controlling shareholder, PJ McGoldrick, and its chairman, Ron Haylock.

The group also announced that it has raised 5.2m through a share placing to provide working capital for the development of EUjet, which hopes eventually to be carrying 2 million passengers a year.

Mr McGoldrick and Mr Haylock, who made his fortune building up a timeshare business, have been given warrants over 55.4 million PlaneStation shares which are exercisable at 4.7p in three years depending on certain performance conditions being met. The main one is that PlaneStation shares outperform the market by 25 per cent over the three-year period. Mr McGoldrick is also required to contribute 500,000 (340,000) in working capital to EUjet and will join the board of PlaneStation.

Martin May, the chief executive of PlaneStation, admitted that vertical integration of the type represented by this deal had "gone out with the Ark" but he forecast it would make a comeback as airport operators and airlines sought to secure their future. "We are asset rich and EUjet has a revenue stream so putting the two businesses together at this stage in the cycle makes sense," he added. "As a result of this deal, EUjet has a future for ever at Manston."

EUjet has begun flights to 11 destinations from Manston (now known as Kent International Airport), including Amsterdam, Dublin, Prague and Nice, using two Fokker 100 jets. It plans to double its fleet and route network by Easter. So far it has sold 40,000 seats.

Mr McGoldrick said load factors were about 50 per cent but on some services, the plane was full and EUjet was flying 2,000 passengers each weekend. "It's building nicely and traffic levels are about what we expected but it's early days," he added.

Michael O'Leary, the chief executive of Europe's biggest no-frills airline, Ryanair, has forecast a "bloodbath" this winter in the low-cost sector. But Mr McGoldrick, himself a former Ryanair chief executive in the early 1990s, said the sale to PlaneStation had secured EUjet's future while there was a market of 1.5 million people in its catchment area of Kent and no competition from other budget airlines.

up 1342% this morning

Consolidation of shares 1 for 15 old,in fact price declined

I know, price is down again then.

I do wish MoneyAm would compare the PTG-price-rise with the Consolidation - the sp has not "risen" by a huge amount, putting them in the leader-board.
The Consolidation is the reason. Division Ratio is 15.

Living in Devon I am extremely reluctant to go to Gat or HRow...this factor will work for others in Kent also which must mean EUjet has at least a fighting chance...as a shareholder would I recomend my best friend [anyone] to buy?...the ride is certainly unusual...now surely both will sink or swim together meantime the shares will not give much support to my bank account.

I hear that Exeter Airport is up for sale.

Perhaps PTG will buy it.

Only with another share issue and further dilution

Jeffmack
Whilst you may be right, KIA might be coining it in as a result of the EUjet flights. We'll just have to wait and see what the figures are. Unfortunately it will another couple of months before the CAA stats are released so unless PTG give some indication of throughput we are as mushrooms.

Spiral dive!! easy to correct but needs the necessary action, I think Mr May has taken PTG too close to the ground to pull out. Unless of course if lots of freight starts arriving through the BIP, If Liverpool Garden Site returns some realistic money, after all one and a half million is a laugh for that site even as a down payment and of course if EU jet achieves realistic load levels, 7 flights + taxes is not going to make a lot of profit (obviously just trying to fill seats, but if you need to sell seats at 7 not many passengers are paying an economical fare) IF, IF, IF. If only one IF were to be satisfied it would be some comfort to shareholders. I have lost confidence here and I am out.

Here I am in sunny Malaysia watching PTG dive. Never mind though PRE is compensating for me. Back in another week, look after PTG for me.

Al

http://www.igz-lahr.de/english/ueber_uns_job.htm

have a look and decide

good luck
eddie

A couple of artices to read and pass comment as you all do :)

EUJET DOUBLES THE REASONS TO FLY FROM KENT

New low fares airline EUjet has today (4 October) nearly doubled the number of routes it flies from Kent International Airport. The move is part of a phased expansion programme and follows the successful launch of first services on 1 September.

EUjet is introducing seven new routes and will now operate from Kent to 15 UK and European destinations. Further expansion will see this number rise to 20 by the end of the year.

New services to Glasgow, Edinburgh, Manchester and Madrid begin today with flights to Shannon, Malaga and Palma starting at the weekend.

Speaking about the new routes PJ McGoldrick, Chief Executive of EUjet, said: Today is another exciting day for EUjet, as it represents another step in the airline's planned route expansion to a range of UK and European destinations from Kent International. The first month of operation has gone well and the reaction of passengers is overwhelmingly positive.

"We are regularly receiving compliments on the quality of our Fokker 100 fleet and in particular the spacious seating. Passengers also like the ease of using Kent International Airport, with easy road access, no queues and with good value parking. Repeat business is key for us and we are already building up a loyal following of travellers.

"Our new internal UK flights to Manchester, Glasgow and Edinburgh are being eagerly awaited by both business and leisure travellers. The business traveller will be now able to make same day return trips from either end, with sufficient time to take care of business at his destination.

EUjet will be launching a further five new destinations catering mainly for the skiing market, with flights to Geneva, Salzburg, Turin, Toulouse and Zurich taking off before Christmas.

PJ McGoldrick adds: "The doubling of EUjets routes gives travellers in Kent, South East London and the South East of England a new and hassle-free way to fly to European and UK destinations.

"We believe that once people have tried out the service, which puts the pleasure back in low fares travel, they will come back time and time again."

EUjet will now operate a fleet of five Fokker 100 aircraft from Kent International. Further European services are also being run from Shannon Airport in parallel with the Kent flight programme.

EUjet flights can be booked online at www.eujet.com.


Further enquiries:

Philip Bosley
PHB Public Relations
Tel: 01580 852500



Notes to Editors:

EUjet is an approved Irish airline with its head-office at Shannon, Ireland. EUjet was established in 2002 and launch scheduled services from Kent International Airport on 1 September 2004 and from Shannon on 18 September 2004.

G12

04 October 2004


RNS Number:6414D
Planestation Group PLC
4 October 2004



SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES


1) NAME OF COMPANY

PLANESTATION GROUP PLC

2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

ARTEMIS FUND MANAGERS LIMITED

3) Please state whether notification indicates that it is in respect of
holding of the Shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18



4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them.

ARTEMIS UK GROWTH FUND - 8,257,724
ARTEMIS SPECIAL SITUATIONS FUND - 8,818,915

5) Number of shares/amount of stock acquired.

3,343,382

6) Percentage of issued Class
(ANY TREASURY SHARES HELD BY COMPANY SHOULD NOT
BE TAKEN INTO ACCOUNT WHEN CALCULATING PERCENTAGE)

7) Number of shares/amount of stock disposed


8) Percentage of issued Class
(ANY TREASURY SHARES HELD BY COMPANY SHOULD NOT
BE TAKEN INTO ACCOUNT WHEN CALCULATING PERCENTAGE)


9) Class of security

15P ORDINARY

10) Date of transaction



11) Date company informed

1ST OCTOBER 2004

12) Total holding following this notification

17,076,639

13) Total percentage holding of issued class following this notification
(ANY TREASURY SHARES HELD BY COMPANY SHOULD NOT
BE TAKEN INTO ACCOUNT WHEN CALCULATING PERCENTAGE)

11.5%

14) Any additional information

THIS HOLDING IS STATED ON THE CONSOLIDATED BASIS

15) Name of contact and telephone number for queries

CHRISTOPHER FOSTER
020 7495 8686

16) Name and signature of authorised company official responsible for
making this notification

Date of Notification ... 4TH OCTOBER

G12

When I arrived at Cannon Street station this morning saw quite a few advertising posters for EUJet

Optomistic
I saw your post in the Cafe. Yes I did see the numbers posted by the localspy. I thought they were quite promising considering they have so far only targetted the local market with their advertising. Now they are widening their scope, both with advertising and destinations, the situation could get quite interesting.

There was always a risk that KIA might make a profit but EUjet could die on it's feet, that risk is reduced with a JV. Even if the JV only breaks even, Manston ceases to be a cash drain on PTG's slim resources.

I would be interested to know the extent of any advertising going on at the other ends of EUjet's routes. If they can get some regular 2-way traffic rather than just Kent based catchment it would help enormously.

Socrates
Will watch PTG from the sidelines with interest. I lost out on my last sojourn into the stock after a profit on the first, overall I am at a loss.
I don't follow the "I'll get even with you" policy but if I consider that PTG is back on the road to sucess I will jump on board again. At the moment it seems to me to be in a huge cash burn situaton with not a lot of friends in the market.
I hope I am wrong for current holders but I do think PTG could have a way to fall unless somethings happens to change the present position. Like less competition in the air travel industry, take over or just some good news.
Which? I am not prepared to bet on any at the moment.
opto