TIDMESKN

RNS Number : 9167H

Esken Limited

06 August 2021

This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.

6 August 2021

Esken Limited

("Esken" or the "Group")

Ryanair closes London Southend Airport base

Esken, the aviation and energy infrastructure group, has today been informed that Ryanair has stated its intention to close its base at London Southend Airport with effect from the start of the winter season this year. As a result, Ryanair will cease operations based from London Southend Airport from 1 November 2021.

Ryanair signed a five-year agreement to base three aircraft at London Southend Airport in 2018 and commenced operations 1(st) April 2019. The airline has had two aircraft in operation since 2020, following a reduction driven by the pandemic. However, Ryanair's performance at London Southend Airport has been further affected by the COVID-19 pandemic and has now resulted in this decision.

Esken is currently in the process of reviewing the impact of such decision on its forecasts. However, the financial impact of Ryanair's base closure will be mitigated by a reduction in costs directly associated with serving Ryanair's base and the low level of passengers expected during the winter season.

Esken will provide a further update as soon as it is able.

Enquiries:

 
Esken Limited 
 Charlie Geller, Communications Director 
 C/O Tulchan Communications 
 
  Tulchan Communications                    020 7353 4200 
  Olivia Peters/David Allchurch             esken@tulchangroup.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDUPUWWRUPGGQQ

(END) Dow Jones Newswires

August 06, 2021 12:36 ET (16:36 GMT)

Esken (LSE:ESKN)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas Esken.
Esken (LSE:ESKN)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas Esken.