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Last Updated: Thursday, 1 May, 2003, 09:39 GMT 10:39 UK
Buzz taking off again
Buzz airline
Buzz flights are resuming from Stansted

The Stansted-based budget airline Buzz resumes flights on Thursday following its takeover by Ryanair.

All Buzz flights were cancelled in April when the new owners said it was making unacceptable losses.

The new slimmed-down Buzz has undergone drastic surgery.

Ryanair has slashed staff working at Stansted and halved its 24 routes.

But after cutting ticket prices on the remaining routes, Ryanair said demand has soared.

Buzz already has more than 130,000 passengers booked to fly during May.

Ryanair acquired Buzz from Royal Dutch Airlines KLM for 15.1m.

The Ireland-based low-budget airline said the acquisition was reduced from its original sum of 15.6m "as a result of a number of issues which arose during the due diligence process."

The takeover was approved by the Civil Aviation Authority earlier this week.




SEE ALSO:
Buzz takeover delayed
01 Apr 03  |  Business
Ryanair to relaunch Buzz routes
17 Mar 03  |  Business
Ryanair cuts Buzz routes and jobs
26 Feb 03  |  Business
Buzz's April flights cancelled
25 Feb 03  |  Business
Ryanair snaps up rival airline Buzz
31 Jan 03  |  Business
Q&A: Ryanair swoops on Buzz
31 Jan 03  |  Business


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