ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

EBJ European Bus

0.975
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
European Bus LSE:EBJ London Ordinary Share GB00B06T9D69 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.975 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.975 GBX

European Business Jets (EBJ) Latest News

Real-Time news about European Bus (London Stock Exchange): 0 recent articles

European Business Jets (EBJ) Discussions and Chat

European Business Jets Forums and Chat

Date Time Title Posts
27/3/201021:37European Business Jets plc - A plc going places637

Add a New Thread

European Business Jets (EBJ) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

European Business Jets (EBJ) Top Chat Posts

Top Posts
Posted at 22/10/2008 14:01 by lbo
Private jet operator to file for administration


European Business Jets, a UK private jet operator, decided on Tuesday night to file for administration after running out of funding in an early sign of the tightening market for private jet travel.

The group, which was listed on London's alternative investment market, was forced to suspend its shares three weeks ago after failing to file its annual results within the six-month deadline allowed under Aim rules.

Graeme Deary, chief executive and largest shareholder with a stake of 19 per cent, said on Tuesday night the group could no longer meet its obligations and had decided that Barclays, its main bank which is owed about £650,000 ($1m), should appoint receivers on Wednesday.

EBJ was floated in April 2005, when it raised £1.8m. It offered the fractional ownership of private jets as well as a jet card membership scheme and aircraft management services. It was operating a fleet of eight private jets capable of carrying between five and nine passengers.

The Cessna Citation light jets comprised five aircraft which were privately owned and managed by EBJ and three of which were owned by limited liability partnerships.

Mr Deary, a former executive of NetJets, the biggest European private jet operator, said the demand for fractional ownership had declined significantly this year although the sale of blocks of flying hours through its jet card membership scheme had remained strong.

The group's finances had deteriorated sharply since its shares had been suspended, however, and suppliers, including oil companies, airports and air traffic control providers had been insisting on immediate cash payment for services.

The group's problems had been intensified by the decision by its auditors Baker Tilley just before the filing deadline that its accounts should be prepared on a consolidated basis to include the limited liability partnerships, which controlled the three fractionally owned jets.

It had been impossible to produce the accounts before the group's funds had run out.
Posted at 22/5/2008 14:05 by lbo
Maybe they are busy with a predator or just surviving. Seems to be a lot of consolidation going on and bad rumours around EBJ



BOMBARDIER MAKES SALE

Bombardier Inc. has received firm and potential orders for 60 business jets from VistaJet of Switzerland, in a sale that would be worth up to $1.2 billion US at current list prices if all the options are exercised.

The two companies have also signed a memorandum of understanding for VistaJet to buy Skyjet International, Bombardier's pioneering charter program
Posted at 18/5/2008 22:50 by terminatorlobster
Please could the Board give the shareholders SOME news it feels like we are being taken for granted despite the fact that many of us stumped up a lot of cash on day 1. If EBJ is hiring pilots in Dublin to drive various sorts of jet including a Falcon 2000 then it would seem that there is the basis of an RNS.
Mr Messer we put up now will you speak up??
Posted at 07/5/2008 12:24 by lbo
Due to continued expansion EBJ has the requirement for FIRST OFFICER FOR CESSNA MUSTANG BASED IN DUBLIN
Posted at 07/5/2008 12:23 by lbo
Looks like EBJ are continuing to expand. Where is the cash coming from?



Due to continued expansion EBJ has the requirement for FIRST OFFICER FOR FALCON 2000 LX BASED IN DUBLIN
Posted at 31/3/2008 13:35 by lbo
Thought all the planes have EBJ in the reg.







Is that the plane Mr Winner is complaining about in the Sunday Times?
Posted at 19/3/2008 10:45 by lbo
Seems to be a rumour around that Sentient Jet are showing an interest in EBJ to get a foothold in Europe.


I wonder is it related to the old takeover approaches? Or are they just trying to survive?
Posted at 12/2/2008 13:24 by jfinvestor
Leader in today's FT



First-class flying
Published: February 11 2008 19:54 | Last updated: February 11 2008 19:54

The world's business elite has had it with dingy and overcrowded airports. A short hop from London's Heathrow, the booming private jet base at Farnborough airport shows that those who can afford it are choosing to slide into the Bentley and head for their own aircraft.

Despite the effects of the global credit squeeze on business and consumer confidence, demand for private jet travel is growing strongly. Last year was a record year for orders of new business jets. Farnborough is having to turn away customers because the surge in demand has pushed the airport to its limits.

The boom is in large part a consequence of the hellish experience that mainstream air travel has become. People paying high ticket prices do not want just to be cossetted on board an aircraft. They also want to avoid the lengthy check-in queues, tedious delays at security and crowded departure lounges that add to the misery and inefficiency of flying. Some airlines attempt to "fast-track" their first class passengers. But this has failed to buy their loyalty.

Opting to fly by private jet is a rational response to the cattle-truck conditions to which all passengers are subjected at many big airports, and particularly Heathrow. If the price of a first-class ticket is supposed to reflect greater comfort on the ground as well as in the air, then travellers who pay that premium are being conned.

It is not hard to see why private jet travel, far from being a badge of corporate excess, is now regarded as more productive because of the time it can save. Companies do not want to see their executives tied up at commercial airports for hours.

The growing numbers of super-rich have contributed to the boom. So has a rise in private jet fractional ownership schemes, which allow customers to bulk-buy hours in advance. NetJets Europe, which pioneered these schemes, is increasing its fleet by 29 per cent this year. As more new providers enter the market, competition will increase. That should lead to lower prices, benefit flyers and put a private jet within the reach of more executives.

For many regular business travellers, though, opting out of Heathrow hassle will not be a possibility. One big constraint on Farnborough's growth is the complexity of the UK's planning laws, which have put a brake on its expansion. The slow pace of planning reform means a private jet revolution is a long way off. Until then, those who can should insist on making a sound economic choice. First-class prices should mean first-class treatment
Posted at 07/2/2008 14:14 by lbo
EBJ tailors 'cost-effective' fleet to average passenger load


February 1, 2008:
European Business Jets (EBJ), headquartered in Cambridge, England, is building a Citation fleet that it believes will attract large volumes of fractional, management and charter business.

Andy Baker, commercial manager, says: "The average passenger load on private aircraft is documented at 2.2 and so entry level five seat jets make very real financial sense for the fractional market." But there is scope for larger passenger loads. The CJ1s are configured for five seats, the CJ2s for seven and the Excels for eight.

"Cost-effectiveness is the main point," says Baker. "We ensure the right type of aircraft for our owners and charter customers so they are not always paying for empty seats. This approach results in value for money." EBJ has on order a CJ1 and a CJ2+ and there are two more CJ1s and a CJ2 "in the pipeline" that will augment the current fleet of three CJ1s, two CJ2s and two XLSs. "There will be continued and measured growth of the fleet and operational staff in line with demand and industry wide availability," adds Baker.

"Some of our owners have bought the XLS after being more than happy with the Cessna product for their repeated longer trips to places such as Malaga and Moscow. The Excels are made available for charter when the owners use the CJ fleet for their shorter trips."

EBJ aircraft are positioned "close to owners for their convenience and cost efficiency", Baker adds. Popular destinations include Sion, Samedan, Cannes, Paris and Geneva. EBJ reported full order books and rapid expansion just 30 months after launching on London's AIM stock exchange. Graham Deary, ceo, says: "It was then just an idea but each of our aircraft are flying in excess of 100 hours a month so it has come on leaps and bounds." Baker joins EBJ from London City Airport where he set up and ran Private Jet, the airport's in-house brokerage. "He is a key part of a rapidly expanding team," says Deary.
Posted at 23/10/2007 11:54 by lbo
EBJ achieves its AIM of success as fractions add up



October 10, 2007:
Cambridge-based European Business Jets (EBJ) is reporting full order books and rapid expansion just 30 months after launching on London's AIM stock exchange. Graham Deary, ceo, says: "It was then just an idea but each of our aircraft are flying in excess of 100 hours a month so it has come on leaps and bounds."

There are plans to further expand the fractional fleet which currently offers three CJ1s and two CJ2s. EBJ also manages two XLSs and a CJ2 but Deary, who previously worked for NetJets in Europe and for Hawker, confirms EBJ's core business is fractional ownership. "The whole proposition is that five people can fly in their own private aircraft for a similar price to each of them paying club class on a scheduled aircraft."
European Business Jets share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock