Former Manx Airlines leader raises red flags over easyJet's £5.7bn American takeover
The future of easyJet's Isle of Man routes has come under scrutiny following the airline's agreement to a £5.7 billion takeover bid from Apollo Global Management, an American financial institution. The proposed deal has prompted concerns from aviation industry veterans about what the change in ownership could mean for connectivity to and from the island.
Terry Liddiard, the former head of Manx Airlines, has expressed concerns that the takeover could jeopardise services vital to the Isle of Man's tourism and business sectors. According to Mr. Liddiard, the issue lies not with easyJet itself, but with the background of the potential new owners. Both bidders currently competing for the airline are US-based financial institutions with limited aviation expertise, raising questions about their understanding of regional routes and passenger needs.
The Manx routes operated by easyJet could face intense scrutiny during any post-takeover review of services. Financial buyers typically focus on cost-cutting measures, which could mean route reductions or service changes affecting visitors and residents travelling to and from the island. With cost savings of over £500,000 being quoted in industry discussions, smaller regional services may be considered vulnerable.
While Apollo Global Management's offer has been accepted in principle, the deal remains subject to regulatory approval. This approval process presents an opportunity for stakeholders—including the Isle of Man government and tourism authorities—to advocate for the continuation and protection of crucial island air routes during any ownership transition.
Source: Read full article on ManxRadio