Esken Limited Airline update (9167H)
06 Agosto 2021 - 11:36AM
UK Regulatory
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
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