Daily Investment Market News from London
Sunday 27th of July 2008
July 27, 2005

easyJet and Monarch offer alternatives after EUjet collapse


by Brian Turner

At least two airlines, Monarch Scheduled and easyJet have offered to fly home passengers stranded by the collapse of EUjet.

The offer, called a “goodwill gesture” by an official of easyJet, will stand for the next seven days as Monarch said it would fly stranded passengers home for £25 plus taxes and easyJet said it would charge a flat fee of £25.

EUjet is the latest low-cost airline to be done in by low passenger numbers and high fuel prices.

The air carrier collapsed on Monday when shares in its parent company, PlaneStation, were suspended after the company was refused additional financing.

It suspended service from its hub in Manston on Tuesday after PlaneStation filed for voluntary administration. The suspension left somewhere between 5,000 and 10,000 passengers stranded in Manston and at airports on the continent and also left the jobs of its 500 employees in question.

The Association of British Travel Agents said that those with future bookings on EUjet, possibly as many as 50,000 people, probably would not see any refund of their fares unless they had paid more than £100 and had tendered payment with a credit card.

EUjet operated four Fokker 100 aircraft, flying to 18 destinations in the UK.

Story link: easyJet and Monarch offer alternatives after EUjet collapse



Add to Bookmarks:

ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL

Related Stories:

No related posts 

Previous: « UK government bonds increase in price
Next: Quiet trading as bond investors wait for economic news »

Visited 173 times, 2 so far today