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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.

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