EU Jet financial difficulties....
EUjet, which operates 15 routes from Kent International Airport, is facing financial difficulties. PlaneStation, the airport operator that owns a third of EUjet and has agreed to buy the remainder, said last week that it would need at least £22 million to fund the development of the airline. It said that it was confident of raising the funds, but its shares still halved in value after the announcement. An EUjet spokesman confirmed that the airline, in common with all budget airlines, had no bonding scheme that would provide refunds. Asked if EUjet’s future was assured, he said that the airline had met its projections on passenger numbers. He said that the airline had carried 71,000 passengers since it started in Kent in September and had taken a further 151,000 bookings. The Air Transport Users’ Council urged the Government to introduce a financial protection scheme for all airline passengers. Source: Times Online
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