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Going, going, gone: easyJet completes Go takeover
easyJet has completed its £374million purchase of rival Go, creating Europe’s biggest no frills airline.
Go chief operating officer Ed Winter will oversee the integration of the two companies, which will see the Go name disappear. The integration is expected to last 18 months and Mr Winter will also serve as Go’s chief executive until it is completed.
It has still to be decided if the combined airline will be based at Luton which is EasyJet’s main base or Stansted, where Go is located. easyJet said it would announce its decision later in the summer.
easyJet chief executive Ray Webster said: “It is obvious that the low-cost model has proved extremely popular with customers over the last few years and I believe we are seeing an important shift in how people travel within Europe – moving away from the national airlines and towards a simpler, cheaper, less complex offer.”
Go currently operates 38 routes to 23 European destinations with a fleet of 27 Boeing 737 aircraft. easyJet currently operates 47 routes from 18 European destinations with a fleet of 35 Boeing 737 aircraft.
In the 12 months to the end of June 2002, the combined airlines carried 13.98 million passengers.
See our previous stories:
02-Aug-2002: bmibaby announces big routes increase
16 May 2002: Ryanair welcomes easyJet acquisition of Go
8-May-2002: EasyJet takes option to buy BA’s German airline
7-May-2002: No-frills consolidation is ‘inevitable’ says analyst
06 May 2002: easyJet to buy no-frills rival Go for £400m
18 Apr 2002: EasyJet chairman to resign
19-Feb-2002 Report says BA was wrong to sell Go
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