Quote:
Originally Posted by redangel7861
DD.
I've taken this quote from a well established property journal:
"According to Global Property Guide, Egypt has the highest rental yields in the world. Growth prospects also look good with Easyjet opening two routes from Gatwick to Sharm El Sheikh and Hurghada in April 2008"
So it looks like Easyjet will be flying to Hurghada unless you can tell me where you've got your information from I'll have to presume the article is true.
regards
RED
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Easyjet are not "opening" two routes to Egypt ,they are inheriting them from the buyout of GB airways . They have an obligation to fulfil the flights to Hurghada that GB airways have already sold ,this obligation ends at the end of April 25th to be precise. The property journal is therefore incorrect to say that the route to Hurghada starts in April ,it ends in April . Check the Easyjet website if you want .
GB stoppped the operation of Summer flights to Hurghada last summer and Easyjet have followed suit . It remains to be seen whether they will restart the route this winter but unless it is deemed profitable it will probably not.
Easyjet did not buy GB Airways for its routes It bought its UK airport slots ,the planes belonged to BA .As previously mentioned ,flights of this length are not popular to Low cost airlines as they prefer to use one plane for 2 or 3 flights a day . On the Egypt route thay can only use the plane once .
What is also worrying to me is that XL ,who have operated a year round route from Manchester since 2005 have decided to stop operating for the summer this year which to me signifies a drop in demand.