17 November 2008

Easy Virgins at Gatwick?

Richard Branson's aim to add airports to his portfolio may get a little "Easier" - at least easier than the current Board Room battle at Big Orange - but that's another story.

EasyJet has joined Virgin in investigating the take over of LGW which has a giant "For Sale" sign over it.

At the same time Easyjet has won a High Court Injunction to get their landing charges at Gatwick reviewed. If they are successful they will have a good amount of money they can get back. This is the first time that a CAA has had one of its decisions reviewed by the High Court.

So who will win the battle for Gatwick?

This is going to be interesting. Clearly HM Government and the former investors in BAA are going to start squirming in their seats. Either way - the Spanish are not going to be happy. Were they sold a pig in a poke? Can they make their money back from the sale?

Its not the revenge for the Armada - that's for sure. The answers please on a postcard or email....

Cheers

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