Updated November 9th, 2019 at 12:46 IST
EasyJet, Jet2.com buy Thomas Cook airport slots
EasyJet, Jet2.com buy Thomas Cook airport slots at London's Gatwick airport and Bristol airport in western England for GBP 36 million (USD 46 million).
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British no-frills airlines EasyJet and Jet2.com on Friday said they had bought UK take-off and landing slots that belonged to collapsed travel group Thomas Cook. EasyJet has paid GBP 36 million (USD 46 million, 42 million euros) for 12 summer and eight winter slot pairs at London's Gatwick airport -- and for seven slot pairs in total at Bristol airport in western England. Separately, Jet2.com acquired for an undisclosed amount several slots at the Stansted airport, northeast of London, as well as at Birmingham and Manchester airports further north. EasyJet said it would provide more details of its purchases in the airline's full-year results statement on November 19.
Read: Fosun Buys Thomas Cook Brand For 11 Million Pounds
On the deal struck by Jet2.com, its chief executive Steve Heapy said: "The acquisition of these key the UK... slots will play an important role in supporting our continued growth at Birmingham, London Stansted, and Manchester airports."
Read: Man Utd Offer Fans Free Flight To Astana After Thomas Cook Collapse
Cook blamed Brexit for its fall
Thomas Cook, whose demise in September sparked 22,000 job losses worldwide, had struggled against the fierce online competition for some time and blamed Brexit uncertainty for a drop in bookings before its collapse. Chinese conglomerate Fosun has snapped up the Thomas Cook brand for GBP 11 million, while British travel agent Hays Travel bought all 555 of the UK-wide Thomas Cook stores.
Read: Thomas Cook Chief ‘sorry’ But Not Sure About Returning Bonus
Read: EU OKs $419M German Loan For Thomas Cook Airline Condor
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Published November 9th, 2019 at 12:01 IST
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