Leeds Bradford: EasyJet Flights, New Routes & Schedule Updates

[BCFC]

To sum it up: private equity = bad
They will absolutely consolidate into Belfast, Edinburgh, Manchester, Luton, Gatwick, Paris, Berlin and any other major bases. This often ends up badly, many a bankruptcy story starts with private equity

Utter, utter nonsence….so you are saying if they do buy it for many many millions they will go bankrupt 😂😂😂.

 

[752]

Telegraph reporting easyJet have dismissed it anyway.

 

[Finger66]

Telegraph reporting easyJet have dismissed it anyway.

That may be so but often in these situations have no smoke without fire:
Could be just an initial opening bid rejected.
Could be U2 are exploring a sale opportunity so could be one (the first) of several potential buyers to end up showing their hand.
Regardless of all that it still doesn't explain why our PMI and AGP are not on sale for S27, and when you consider that is neither seat only or holidays available then things ain't looking promising - which is a huge shame

 

[BCFC]

The issue being a new route from anywhere does not instantly turn a profit.

I’m referring to existing routes.

 

[rollo]

On the potential EasyJet take over there has been no bid from Castlake they are a US company looking at a potential takeover and they themselves are owned by Brookfield Asset Management a Canadian investment group.

I've had a quick look at EasyJets shareholders list it turns out that around 35% of the company is currently owned by various investment institutions including Blackrock, Aberdeen, Hargreaves Lansdown, UBS, Shroders Investments group, Invesco and yes Castlake with 2.5%

Biggest single shareholders. Is the Stellios family with 15% who have been critical of EasyJet management over the years..

If Castlake decide to bid and enough of the above back it I would guess it would go through dependant on how much Castlake eventually bid, the board who have rejected the notion of the potential takeover are effectively adviser acting in what they consider to be the best interests of the company but the final decision is the shareholders not that of the management.

It's wait and see Castlake have until 26th June to bid or go away for 6 months minium before they can bid again.


Edit: Note when a board of directors reject an offer there can be an element of self preservation as a cull often follows.

 

[Jerry]

On the potential EasyJet take over there has no bid from Castlake they are a US company looking at a potential takeover and they are owned by Brookfield Asset Management a Canadian investment group.

As a non eu company they'd only be allowed a 49% stake

 

[rollo]

There's ways round it Jerry, set up a dual class share structure for example creating by a dual class of shares with different voting rights or set up what's called a front consortium with "tame" European individual(s)) or company are two of the options to gain control.

There's many ways large companies avoid overseas regulation and taxes you only need to look at the way the high tech companies operate, Apple massively reduce their UK tax bill for example via Dublin

I'm afraid that at the moment EasyJet are vulnerable to aquasition due losses and a low share price.

 

[lbaspotter]

Had a thought eailer as to why the Sun routes arent on slae foe next year yet. I wonder if they could be operated by UK based aircraft instead of using EU based aircraft.
Not Specifically LBA based but say BFS based on round-trip instead using 2 aircraft patten

Eg
Aircraft 1 = BFS-PMI-LBA-AGP-BFS
Aircraft 2 = BFS-AGP-LBA-PMI-BFS

or W-leggeed from LGW, LTN or MAN

EG
MAN-PMI-LBA-PMI-MAN

 

[Severn]

Had a thought eailer as to why the Sun routes arent on slae foe next year yet. I wonder if they could be operated by UK based aircraft instead of using EU based aircraft.
Not Specifically LBA based but say BFS based on round-trip instead using 2 aircraft patten

Eg
Aircraft 1 = BFS-PMI-LBA-AGP-BFS
Aircraft 2 = BFS-AGP-LBA-PMI-BFS

or W-leggeed from LGW, LTN or MAN

EG
MAN-PMI-LBA-PMI-MAN

For years now easyJet have operated BFS-LTN-AGP-BFS and LTN-BFS-AGP-LTN. In winter there are regular W-patterns through Geneva from a UK base like BRS-GVA-BHX-GVA-BRS.
There are also plenty of European bases operating through the UK on W-patterns like AGP-SOU-AMS-SOU-AGP.

Lots of potential options for LBA.

 

[Starflyer]

They are using GLA aircraft to operate SOU-ALC this winter, with triangular GLA-SOU-ALC-GLA and GLA-ALC-SOU-GLA runs. The BFS-LTN-AGP triangles referred to above have been in the easyJet schedule for many years, but the SOU schedule for this winter is the first time they've newly done something of that nature for ages. Clearly some different thinking afoot in easyJet, so who knows where that may lead.

 

[Finger66]

Looks like some minor further bad news with PMI now stopping on 23Oct. Unless I was mistaken this ran until 01Nov like AGP, which for now is still showing up to that date

 

[lbaspotter]

Looks like some minor further bad news with PMI now stopping on 23Oct. Unless I was mistaken this ran until 01Nov like AGP, which for now is still showing up to that date

The was 3x extra flights to Palma on October 25th, 30th & November 1st. But all have been removed as pointed out by @Finger66

I wonder if this due to fact that the Palma base is sumner seasonal only for easyJet’s and the aircraft have been redeployed elsewhere?

 

[Bigman]

Starting to think that we have squeezed as much as we can out of the orange and it has dried up

 

[Finger66]

Certainly seems to be pointing that way. Admittedly still the ME to fully resolve and a potential takeover for them to handle so maybe a general cautious approach on their part just now. The signs aren't though overly encouraging where LBA is concerned, but we shall see. Roll on Thursday

 

[Fernley]

Certainly seems to be pointing that way. Admittedly still the ME to fully resolve and a potential takeover for them to handle so maybe a general cautious approach on their part just now. The signs aren't though overly encouraging where LBA is concerned, but we shall see. Roll on Thursday

What’s happening Thursday?

 

[Finger66]

Latest ACC meeting where hopefully we have official confirmation of what is happening re AGP and PMI for U2

 

[Fernley]

Geneva now removed also

 

[Finger66]

Yeah that's been gone for a little while now too. But much less of an impact as was only a very short 6 week program with awful timings and didn't sell too well other than Half Term

 

[752]

Looking at other forums, and online, LPL & SOU for example have had some routes taken off sale for Winter. might be a case of changing / messing around with their program.

 

[pug]

There’s definitely some network wide restructuring for one reason or another. Looks like BOH has lost some of its long standing GVA flights to SOU. As @lbaspotter has pointed out previously there are also to be some GLA-SOU-ALC-SOU-GLA rotations too. Eventually they will be phasing out the A319 too.