EUjet was a low-cost airline based at Shannon Airport, Ireland. It operated a network of services from its main base at Shannon Airport (SNN), with a hub at Kent International Airport (MSE), Manston, Kent, UK. The airline was sold to a British company, PlaneStation, which also owned Kent airport, for €10m. In July 2005, PlaneStation went out of business with €40m in debts, forcing EUjet to cease operations.[1]
The airline was established in 2003 and started operations in May 2003. It was created by former Trans Aer head PJ McGoldrick, who linked with Fokker 100 leasing specialist Debis AirFinance to offer wet leases and charters. In 2004, the company moved into scheduled services. Airport operator PlaneStation completed its takeover of EUjet in January 2005 by acquiring the remaining 70% of the shares. It had bought the first 30% in May 2004. On 26 July 2005, the airline went into administration.
Servicesedit
EUjet operated the following services (at July 2005):
On 25 July 2005, trading in PlaneStation (EUjet's parent company) shares was suspended. Passenger numbers were far down on expected figures and the company suffered a £6.5 million loss in the last half of 2004. The company stated that discussions with the banks have "not been positive".
On 26 July 2005, all flights were suspended along with the operations of Kent International Airport for all bar freight traffic. Later in the day, EUjet went into voluntary administration leaving up to 5,000 passengers stranded abroad and 500 jobs in the balance.
Lack of passenger numbers are one reason cited for the failure of the airline, with only 330,000 out of the 500,000 passengers predicted for the first year of operation. In addition, the airline had been plagued with disruption and protest from people in Thanet, a significant proportion of whom were against any expansion of operations at Kent International Airport.
easyJet, a rival airline, offered to fly home the thousands of stranded EUjet customers for a flat fee of £25.[2][3][4]
eujet, cost, airline, based, shannon, airport, ireland, operated, network, services, from, main, base, shannon, airport, with, kent, international, airport, manston, kent, airline, sold, british, company, planestation, which, also, owned, kent, airport, july, . EUjet was a low cost airline based at Shannon Airport Ireland It operated a network of services from its main base at Shannon Airport SNN with a hub at Kent International Airport MSE Manston Kent UK The airline was sold to a British company PlaneStation which also owned Kent airport for 10m In July 2005 PlaneStation went out of business with 40m in debts forcing EUjet to cease operations 1 EUjetIATA ICAO CallsignVE EUJ UNION JETFounded2003Ceased operations27 July 2005Operating basesShannon AirportHubsKent International Airport ManstonFocus citiesManchester AirportFleet size6Destinations21 in United KingdomIrelandHeadquartersShannon IrelandKey peopleP J McGoldrick CEO Stuart McGoldrick Commercial director Websitewww eujet com ceased EUjet Fokker 100 Contents 1 History 2 Services 3 Fleet 4 Collapse 5 References 6 External linksHistory editThe airline was established in 2003 and started operations in May 2003 It was created by former Trans Aer head PJ McGoldrick who linked with Fokker 100 leasing specialist Debis AirFinance to offer wet leases and charters In 2004 the company moved into scheduled services Airport operator PlaneStation completed its takeover of EUjet in January 2005 by acquiring the remaining 70 of the shares It had bought the first 30 in May 2004 On 26 July 2005 the airline went into administration Services editEUjet operated the following services at July 2005 Ireland domestic destinations Dublin and Shannon UK destinations Belfast Edinburgh Manchester Kent International Airport and Newcastle International scheduled destinations Alicante Amsterdam Faro Geneva ski seasonal destination Girona Ibiza Innsbruck Malaga Murcia Nice Palma de Mallorca Prague Salzburg and Valencia Fleet editThe EuJet fleet consisted of the following aircraft History citation needed EuJet Fleet Aircraft Total Passengers NotesFokker 100 6 108Collapse editOn 25 July 2005 trading in PlaneStation EUjet s parent company shares was suspended Passenger numbers were far down on expected figures and the company suffered a 6 5 million loss in the last half of 2004 The company stated that discussions with the banks have not been positive On 26 July 2005 all flights were suspended along with the operations of Kent International Airport for all bar freight traffic Later in the day EUjet went into voluntary administration leaving up to 5 000 passengers stranded abroad and 500 jobs in the balance Lack of passenger numbers are one reason cited for the failure of the airline with only 330 000 out of the 500 000 passengers predicted for the first year of operation In addition the airline had been plagued with disruption and protest from people in Thanet a significant proportion of whom were against any expansion of operations at Kent International Airport easyJet a rival airline offered to fly home the thousands of stranded EUjet customers for a flat fee of 25 2 3 4 References edit Done Kevin Planestation collapse leaves EUjet stranded Financial Times BBC News Sligo Weekended Archived from the original on 11 November 2005 Retrieved 2 August 2005 Sunday Business PostExternal links edit nbsp Wikimedia Commons has media related to EUjet Photos of EUjet aircraftPortals nbsp Ireland nbsp Companies nbsp Aviation Retrieved from https en wikipedia org w index php title EUjet amp oldid 1177432556, wikipedia, wiki, book, books, library,
