GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick pickseasyJet Share News (EZJ)

Share Price Information for easyJet (EZJ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 463.10
Bid: 466.30
Ask: 466.70
Change: -10.00 (-2.11%)
Spread: 0.40 (0.086%)
Open: 473.10
High: 473.10
Low: 463.10
Prev. Close: 473.10
EZJ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Air France drops bid for Aigle Azur as liquidation looms

Thu, 19th Sep 2019 11:48

(Adds comment, details, background)

By Laurence Frost

PARIS, Sept 19 (Reuters) - Air France-KLM pulled
back from a rescue bid for Aigle Azur on Thursday, missing an
overnight court deadline to improve its earlier offer for part
of the collapsed budget carrier's operations and staff.

An Air France spokeswoman confirmed it had decided against
submitting an expected joint bid with long-haul niche carrier
Air Caraibes "because our conditions for doing so weren't met."

Aigle Azur, whose biggest shareholders are China's HNA Group
and Brazilian entrepreneur David Neeleman, has suffered in the
wake of a botched long-haul expansion.

Air France's withdrawal deals a blow to government-backed
efforts to find a buyer for part or all of Aigle Azur as a going
concern and save a large proportion of its 1,150 jobs.

Aigle Azur's looming bankruptcy is the latest among smaller
European airlines struggling with higher fuel costs and stiff
competition from low-cost rivals.

The privately-held carrier, founded in 1946 to serve Algeria
and other north African routes, was granted protection from
creditors early this month and grounded its fleet of 11 Airbus
jets within days, stranding some 19,000 passengers.

Other potential bidders include British low-cost operator
Easyjet, which had submitted an earlier "expression of
interest" in Aigle Azur's operations from Paris Orly, including
valuable take-off and landing slots.

FAST-CHANGING

Lionel Guerin, a former Air France executive, has also
resubmitted a new bid contingent upon 15 million euros in new
government financing, according to French news site La Tribune,
which first reported Air France's withdrawal.

Absorbing Aigle Azur operations would have required Air
France unions to waive internal rules barring the carrier from
granting any seniority or flight captain roles to new hires.

Air France shares were little changed at 9.11 euros at 1021
GMT.

Transport Minister Jean-Baptiste Djebbari remains in contact
with potential buyers and their unions in a "fast-changing
situation", a French official said, adding that bidders can
legally cancel any withdrawal within 48 hours.

Reuters was unable to contact Guerin, while a spokeswoman
for Air Caraibes parent Dubreuil Group did not immediately
respond to requests for comment.

The Evry commercial court south of Paris began Aigle Azur's
liquidation on Monday under a "going concern" process that buys
more time for potential rescue bids.

The court resumes hearings on Sept. 23, with the carrier's
liquidation scheduled to begin four days later, in the absence
of any agreed takeover plan.
(Reporting by Laurence Frost; Writing by Benoit Van
Overstraeten; Editing by Christian Lowe and Alexander Smith)

More News
31 May 2024 11:46

Ryanair, Easyjet and others fined for cabin luggage fees

MADRID, May 31 (Reuters) - Spanish authorities have slapped fines on budget airlines Ryanair, easyJet , Vueling and Volotea totalling 150 million euros ($163 million), consumer groups who lead a six-year campaign against the charges said on Friday.

Read more
31 May 2024 08:55

Ryanair, others fined 150 mln euros in Spain for cabin luggage fees, SER radio reports

MADRID, May 31 (Reuters) - Budget airlines Ryanair , easyJet, Vueling and privately owned Volotea have been fined 150 million euros ($162.30 million) in Spain, local radio SER reported on Friday.

Read more
30 May 2024 13:14

JP Morgan stays at 'overweight' on EasyJet even as supply-demand balance returns

(Sharecast News) - Analysts at J.P.Morgan sounded a positive note on shares of Easyjet following the recent share price weakness that had taken them back to the levels last seen during the previous month of December.

Read more
30 May 2024 09:23

LONDON BROKER RATINGS: Jefferies and UBS cut Anglo American

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

Read more
27 May 2024 07:06

easyJet, eyeing record summer, boosts nerve centre with AI

(Alliance News) - A cutting-edge facility featuring artificial intelligence – easyJet PLC's new control centre is tasked with handling about 2,000 mostly-European flights per day as the British airline eyes high summer demand. 

Read more
23 May 2024 09:46

Wizz Air returns to profit, sees robust year for travel

Company expects 500-600 mln euros FY25 net profit

*

Read more
20 May 2024 17:00

Miners lift London stocks as gold, copper hit record highs

FTSE 100 up 0.1%; FTSE 250 adds 0.6%

*

Read more
20 May 2024 11:59

Ryanair boss says 'recessionary feel' may be limiting air ticket price rises

Ryanair annual profit hits record 1.92 billion euros

*

Read more
17 May 2024 09:06

LONDON BROKER RATINGS: Jefferies says buy Tritax Big Box post merger

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

Read more
16 May 2024 17:33

FTSE 100 ends lower on disappointing corporate updates, BT Group soars

BT Group up after CEO aims for more than double free cash flow

*

Read more
16 May 2024 16:53

London close: Stocks mixed as ex-divs drag on FTSE

(Sharecast News) - London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.

Read more
16 May 2024 16:47

EU poised to veto Lufthansa's ITA deal unless substantial remedies offered, sources say

BRUSSELS, May 16 (Reuters) - Lufthansa's bid to buy a stake in Italian peer ITA is set to be blocked by EU antitrust regulators unless there is a substantial improvement to remedies to address competition concerns, people with direct knowledge of the matter said on Thursday.

Read more
16 May 2024 13:02

Lufthansa offers short-haul compromise for ITA deal, sources say

BRUSSELS/FRANKFURT/ROME, May 16 (Reuters) - Lufthansa has offered to keep some competing ITA short-haul routes in an effort to secure EU antitrust approval for its bid for a stake in the Italian airline, people with direct knowledge of the matter said on Thursday.

Read more
16 May 2024 12:04

EasyJet sinks as CEO plans to step down next year

CFO Jarvis to succeed Lundgren as CEO early next year

*

Read more
16 May 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 dragged down by Sage Group and easyJet

(Alliance News) - Stock prices in London were lower at midday Thursday, with Wednesday's Wall Street session failing to shine in Europe.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.