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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Excel Airways | LSE:EXA | London | Ordinary Share | GB0032196767 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:0499X Excel Airways Group PLC 29 March 2004 For Immediate Release 29 March 2004 Excel Airways Group plc ("EAG") Completion of #29.9 million offer by Air Atlanta for 38.9 million shares in EAG Further to the announcement dated 20 February 2004, EAG announces that Flugfelagid Atlanta hf d/b/a Air Atlanta Icelandic ("Air Atlanta") has completed its purchase of 38.9 million shares in EAG from Libra Holidays Group Limited (" Libra"), representing 40.5% of the issued share capital of EAG. As part of the share sale arrangement, a five year commercial agreement has been signed for the supply of aircraft to Excel Airways. EAG is also pleased to announce that Libra has repaid its indebtedness to EAG's subsidiary, Excel Aviation of #15.78 million and has entered into a long term agreement with Excel Aviation for the supply of future seat capacity. Phil Wyatt, Chief Executive, commenting on completion of the transaction said: "I am delighted that we are now working more closely with Air Atlanta as a trade partner in providing Excel with a long term source of flexible seasonal capacity as well as supporting us in rolling out our successful business model to other parts of the world." For further information, please contact: Suzanne Brocks Buchanan Communications 020 7466 5000 Notes to Editors Excel Airways is one of the UK's major charter passenger airlines and provides short-haul services to European and Middle Eastern leisure destinations as well as long-haul to the Caribbean. The airline operates an all Boeing fleet from its three bases at London Gatwick, Manchester and Glasgow. Excel Airways sells the majority of it's capacity through Excel Aviation, its commercial sales division and Freedom Flights, a seat only operator selling seats on charter aircraft, generally through UK travel agents. Excelairways.com is an internet based trading division of Excel Airways which sells tickets direct to the public. This information is provided by RNS The company news service from the London Stock Exchange END MSCSEFFLUSLSELD
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