Icelandair buys 8.4 per cent in easyJet

Sunday, 25 Oct, 2004 0

The Icelandic carrier Icelandair has reportedly confirmed that it has taken an 8.4 per cent stake in the no-frills airline easyJet, with several newspapers and media outlets reporting “frenzied” speculation. According to The Guardian, Icelandair states that the purchase represents a “long-term trade investment”, but that it may buy more shares in the short term. The purchase certainly had a sharp effect on the stock markets; easyjet’s share price rose 21p to 152p on Friday and has maintained that price in early trading today. A statement by Icelandair says: “The Icelandair group is financially strong and the company is seeking ways of improving the return on its cash. We have therefore kept our eyes open for opportunities in airline-related securities. “We have a positive opinion of easyJet’s business model and we think the company has a bright future.” Report by Tim Gillett, News From Abroad Ltd



 



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...