easyJet and TBI re Luton

easyJet PLC
TBI PLC
26 July 2001

FOR IMMEDIATE RELEASE     26 July 2001



                            TBI plc & easyJet plc

      Joint Statement Re. Extension of Agreement at London Luton Airport

TBI plc, the owner and operator of regional airports and related businesses
and easyJet plc, the low-cost airline, announce that they are both working
together towards a mutually-beneficial agreement regarding passenger and
baggage handling fees and associated services at London Luton Airport.

A new agreement between TBI and easyJet will aim to ensure that the airport
facilities and services can match the potential quantity and profile of
passengers using the airport.

TBI and easyJet already have a successful working relationship at Belfast
International Airport ('BIA'), which is wholly owned by TBI. easyJet started
operating flights from BIA to Luton in 1998 and has since added services to
other domestic and international destinations. easyJet will be extending its
services to Scottish destinations in August 2001.

While the discussions, which were recently initiated, continue, the companies
have agreed an extension to the existing agreement for one month until 31
August 2001.

For further information, please contact:

TBI plc

Keith Brooks, Chief Executive                020 7408 7300

Caroline Price, Finance Director


easyJet plc

Ray Webster, Chief Executive

Chris Walton, Finance Director

Toby Nicol, Corporate Communications          01582 525 339


Buchanan Communications for TBI               020 7466 5000

Charles Ryland

Nicola Cronk