A PYMNTS Company

UK: Stocks rise on news of airline giant’s planned divesture of Gatwick slots

By  |  May 13, 2013

The largest regional airline in Europe, Flybe Group Plc, is reportedly looking to divest some of its airport slots at London Gatwick airline, leading to a rally in the stock market as shares rose by up to 21 percent. In an official statement from the conglomerate, “a number of parties” are currently discussing the purchase of the slots; no further detailed information was given. One analyst, however, predicts that British Airways, EasyJet and Norwegian Air Shuttle might be likely contenders to buy the slots. While the sale has yet to occur, Flybe did note that regulatory changes at Gatwick are now making it more difficult for smaller aircraft operators such as Flybe to make a profit.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Skift

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.