easyJet announces proposed exchange of Gatwick slots
easyJet plc can confirm it has completed an agreement with Flybe Group plc to acquire 25 pairs of arrival and departure slots at Gatwick airport for a total consideration of £20 million. The acquisition is subject to the approval of Flybe's shareholders.
The slots will transfer from summer 2014 and will allow easyJet to provide additional frequencies on popular existing routes from Gatwick as well as add new destinations across the UK and Europe.
For further details please contact easyJet plc:
Institutional investors and analysts:
Rachel Kentleton +44 (0) 7961 754 468
Tom Oliver +44 (0) 7950 996 262
Will Maclaren +44 (0) 7961 763 879
Media:
Paul Moore +44 (0) 7860 794444
Edward Simpkins RLM Finsbury +44 (0) 7947 740551
This information is provided by RNS