Easyjet buys GB Airways
While tomorrow Easyjet will starts with its regular flights between London Stansted and Madeira …. they decided to do an acquisition of GB Airways.
What does that mean for those who bought tickets to fly with GB Airways?
GB Airways says that they will continue to operate from its base at Gatwick until March 29 2008. After that date they will ‘scrap’ the name and 39 routes plus 15 aircrafts will be handed over to Easyjet. For those who bought a ticket that is after March 29 2008 …. Easyjet guarantees that they will be flown by an Easyjet aircraft … however under its terms and conditions and so these people will be notified to that effect.
By the way … the deal was valued at 103.5 million pounds ($212 million).