Summary: 20 May 2002LONDON – After weeks of speculation, UK low-cost carrier EasyJet has signed a deal worth 374 million (US$554.2 million) to buy rival Go.The move will make Easyjet the biggest no-frills airline in Europe, ah… Tags: easyjet low cost us airline europe 20 May 2002
LONDON – After weeks of speculation, UK low-cost carrier EasyJet has signed a deal worth 374 million (US$554.2 million) to buy rival Go.
The move will make Easyjet the biggest no-frills airline in Europe, ahead of Ryanair.
The current chief executive of Easyjet, Ray Webster, who will head the new, combined company, said, “The European low-cost airline market has grown significantly in the last few years, providing us with many opportunities.
“Combining EasyJet and Go will provide additional critical mass and enable us to move forward faster.
“We will create a low-cost airline with the scale and capabilities to capitalise on any opportunity in Europe.”