Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  EasyJet    EZJ   GB00B7KR2P84

EASYJET (EZJ)
Mes dernières consult.
Most popular
Report
Delayed Quote. Delayed  - 12/14 05:35:06 pm
1426 GBp   -0.07%
06:41p Airline for sale - Niki's future hangs in balance
02:50p Ryanair says will review Niki's slots ‍​
12/13 Air Berlin's Niki grounded after Lufthansa drops bid
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

Airline for sale - Niki's future hangs in balance

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/14/2017 | 06:41pm CET
Niki logo is seen at Vienna International Airport in Schwechat

Niki's administrator began urgent talks on Thursday to find a buyer for the insolvent Austrian carrier after a deal with Lufthansa fell through and with valuable runway slots at risk of being lost.

German flagship carrier Lufthansa scrapped plans to buy Niki on Wednesday due to competition concerns, grounding the airline's fleet and stranding thousands of passengers in what its managing director said was a "national disaster for Austria".

So far, former motor racing driver and Niki's founder Niki Lauda and tourism group Thomas Cook have expressed an interest in taking over Niki.

SLOTS

A spokesman for Niki's administrator said the carrier would lose its runway slots in a few days, one of the most attractive assets for possible buyers.

In Europe, when airlines go bust, their take-off and landing slots are usually returned to a pool and redistributed unless a buyer is found for the airline business.

Niki planes have been granted around 1,800 slots, or around 1.6 percent of the available slots in Austria, for the winter season which ends March 23, according to the coordinating authority Slots Austria.

For the following summer season, which ends in October 2018, they have 1,700 slots.

After filing for insolvency, Niki to get special permission by the transport ministry within days to keep the slots, Gallistl said.

"There is agreement on an expert level that the Niki slots should be extended," said Wolfgang Gallistl, Slots Austria's managing director, adding: "Then the nearly 1,000 staff have a perspective."

The Transport Ministry had no immediate comment on the issue. It said, though, that it was considering providing a bridge loan to Niki and that it had "very good" discussions with the finance minister about it.

POTENTIAL BUYERS

Niki is owned by Air Berlin, which itself collapsed earlier this year. Air Berlin's administrator Frank Kebekus said he hoped to agree a deal for Niki by the end of the year.

"If we had that, then we can certainly take another week or two in January to finalise it," he told rbb-Inforadio.

Three to four parties are interested in taking over Niki, Wolfgang Katzian of Austrian union GPA told broadcaster ORF earlier on Thursday, without naming them.

Lauda, who offered around 100 million euros jointly with Thomas Cook's airline Condor for Niki plus 17 aircraft before Air Berlin was carved up, said he was still interested but would try to take over Niki without a partner.

Thomas Cook said it was considering either taking over Niki as a whole or buying parts of it.

Irish low cost carrier Ryanair wants to review Niki's slots, and said there may not be enough for it to be interested.

British Airways parent IAG has dropped out of the bidding.

PASSENGERS AND STAFF WAIT AND HOPE

Austria's Transport Ministry estimated that about 5,000 Niki passengers could be stranded in the next two weeks. Many of them will be able to fly home on other airlines, but the ministry has started talks to charter some planes.

Management addressed Niki's workers at a town hall meeting at Vienna airport on Thursday, which one staff member said ended in a heated argument over their future.

"Let's wait and see whether we still get our salary... Questions on that were not answered," Niki technician Sebastian van Ven, who attended the meeting after working the night shift, told Reuters.

He said salaries for November were due to be paid on December 28.

Lufthansa subsidiaries Eurowings and Austrian Airlines began advertising for crews, saying they would offer shorter recruitment processes than normal for any former Air Berlin or Niki staff.

German industry body BDL said German airlines would help return Niki passengers home by offering them available seats on their flights at "rescue fares". Lufthansa's Eurowings and tourism group TUI are offering such fares.

(Additional reporting by Victoria Bryan and Alexandra Schwarz-Goerlich, Francois Murphy; Writing by Maria Sheahan; Editing by Edmund Blair and Elaine Hardcastle)

By Alexander Hübner and Kirsti Knolle

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on EASYJET
06:41p Airline for sale - Niki's future hangs in balance
02:50p Ryanair says will review Niki's slots ‍​
12/13 Air Berlin's Niki grounded after Lufthansa drops bid
12/13 EU warns British airlines on post-Brexit flying
12/13 EU warns British airlines on post-Brexit flying
12/13 EUROPA-MERGERS : Commission approves proposed acquisition of parts of Air Berlin..
12/13 Norwegian Air turns up heat on IAG with Gatwick slots deal
12/12 EasyJet wins unconditional EU approval to buy Air Berlin assets
12/12 EASYJET : puts 20 new routes on sale across the UK for summer 2018
12/12 Airline consolidation creates pressures for Europe's airports
More news
News from SeekingAlpha
12/12 EasyJet wins approval for Air Berlin asset deal
12/07 COBAS ASSET MANAGEMENT : Comments On Third Quarter 2017
12/06 Load factor at EasyJet tops 92%
11/21 easyJet Plc ADR 2017 Q4 - Results - Earnings Call Slides
11/21 easyJet reports FY results
Financials ( GBP)
Sales 2018 5 589 M
EBIT 2018 471 M
Net income 2018 311 M
Debt 2018 408 M
Yield 2018 3,06%
P/E ratio 2018 16,69
P/E ratio 2019 12,62
EV / Sales 2018 1,09x
EV / Sales 2019 1,02x
Capitalization 5 668 M
Chart EASYJET
Duration : Period :
EasyJet Technical Analysis Chart | EZJ | GB00B7KR2P84 | 4-Traders
Technical analysis trends EASYJET
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 26
Average target price 14,0  GBP
Spread / Average Target -2,0%
EPS Revisions
Managers
NameTitle
Johan Lundgren Chief Executive Officer & Director
Robert John Orr Barton Chairman
Margaret Christine Browne Chief Operating Officer
Andrew Findlay Chief Financial Officer & Executive Director
Chris Brocklesby Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
EASYJET43.18%7 612
DELTA AIR LINES, INC.8.58%38 237
RYANAIR HOLDINGS PLC16.02%23 397
AIR CHINA LTD.49.58%22 090
UNITED CONTINENTAL HOLDINGS INC-12.83%18 673
INTERNATIONAL CONSOLIDATED AIRLINES GROUP43.57%17 439