easyjet in Talks to Acquire Go

7th May 2002

EasyJet has announced that it is in negotiations with 3i Group plc regarding the possible acquisition of Go.

easyJet plc
has previously indicated that it would actively consider all possible opportunities for further expansion in the European short haul airline market, including the addition of new slots and routes. Since September 11, these opportunities, including corporate transactions, have increased significantly and are under active consideration. In this context easyJet announced negotiations with 3i Group plc and Go regarding the possible acquisition of Go.


easyJet has become aware of a leak of those negotiations and now confirms that the negotiations are at an advanced stage and also confirms its intention only to conclude these negotiations if it believes that the acquisition would be in the interests of shareholders, customers and staff.

reassures existing and future passengers that all flights will continue to operate as normal, the onboard service remains the same and the terms and conditions of flights are unchanged.




Related stories on ITN:
(18/04/2002) easyJet Chairman Resigns.



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