United Kingdom
United States
Asia Pacific
Ryanair buys Buzz
Wednesday, 31 Jan, 2003
0
Ryanair has revealed plans to buy its smaller rival Buzz from KLM for a reported £15 million.
As a result of the deal, Ryanair said it would close a number of Buzz’s unprofitable routes, while increasing the frequency and reducing the cost of other routes.
At present Buzz operates on 21 routes from Stansted, to Germany, Spain, France and the Netherlands.
“The timing of this acquisition is opportunistic,” said Ryanair chief executive Michael O’Leary.
“Since Ryanair is growing strongly by rolling out our lowest fare services all over Europe, the last thing we need is the distraction of an acquisition”.
“However there are a number of features of Buzz which makes this a favourable move at this time,” added Mr Leary.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel