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.

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

Socs
Take those blinkers off

In case anyone missed it, MK Airlines the freight operator who recently moved out of Manston, lost a Boeing 747 aircraft when it crashed on take-off. The crash occurred in Nova Scotia and there has been much speculation about the cause. Please don't fall into the trap of making assumptions like the media have, air crash investigations are long, thorough and very detailed, I know I've been there. Read the link for the details:

http://news.bbc.co.uk/1/hi/world/americas/3742922.stm#

More detail on the air crash at this link:

http://www.canada.com/news/national/story.html?id=78c55bc1-e2f8-4ad5-852c-3fdff9d17e8c

First news for a while, the September figures are out on the Planestation website.

Passengers 13605

Freight 690 tonnes

I'm sure there will be some discussions, the freight figure is not a patch on those achieved previously. However, though small it might represent a much more profitable turnover.

Passengers, not bad IMO for the first, albeit incomplete, month of operation.

Thanks for previous posting Socrates,
some more good news,

Planestation Melbourne,
extract from minutes of october meeting,

http://www.mlbair.com/news_pdfs/MN102004.pdf
'General Titus Hall said that when the PlaneStation representative updated the Board, he said the
timeframe would be some time in May or June 2005(mid-year). He thought the Board was operating on
a timeframe by the end of this year and that was reason that FIT was moved.
Chairman Buckley clarified that the last word was a start date of April, 2005.'

April 2005 for Planestation Florida flights looking more promising
Good luck
eddie

\I just wish the price-feed took account of the consolidation, there was no metoric rise in sp a few weeks ago. Earlier figures will need to be adjusted to account for the change.

can any body tell me what is going on with this company has i have held some shares for sometime now since 1999?????????????????????????/

llewellyn
Nobody knows for sure what is going on with PTG due to the dearth of information coming from the company. What we do know is that in September Manston had a throughput of 13,605 passengers.

For a first month of operation of an unknown operator from an airport that had never had scheduled services before I think that is quite respectable.

It is only my opinion, but I believe that if the figures improve and there are already more services running, there will be a sudden turnaround in how PTG is perceived in the market.

CAA provisional statistics for September 04 show KIA
as having moved 13743 passengers and had 494 flights.

This thread has died

Oh ye of little faith.

apro/27passengers per flight BIG DEAL////

bristlelad
Don't make assumptions that you cannot justify, nobody said they were all passenger flights, quite a few were freighters. Just how many we will have to wait to find out.

RNS posted, notice of interim results date.

Better short them quick. 20p here we come

Jeffmack
You can short them if you like Jeff. 8% spread not a good start though.

New news on PTG, head office to relocate to Manston Airport in a shared facility with EUjet, relocating from Shannon.

http://news.bbc.co.uk/1/hi/england/kent/3994171.stm

There is also news that Air Atlantic has applied for planning permission for a 1.8 hectare warehouse facility on the Manston Business Park. Now why would they want that I wonder?

Get that short in quick Jeffmack, but be very, very careful!

Socs
Does that mean they have cashed in the Mayfair office and transferred Mr May to a portacabin at an airfield that carries about 20 passengers a day.