Completion of Acquisition

easyJet PLC
31 January 2008



31st January 2008



                  easyJet completes acquisition of GB Airways

easyJet plc ('easyJet') today announced that the acquisition by its wholly-owned
subsidiary, easyJet Airline Company Limited of GB Airways Limited ('GB Airways')
from its parent, Bland Group Limited has now been successfully completed
following final regulatory clearances on 18th January. The acquisition has been
completed in line with the timescales outlined in October when the intention to
purchase was first announced. easyJet paid £103.5 million in cash for GB airways
of which £11.5 million is held in an escrow.

Andy Harrison, Chief Executive of easyJet said:

'We are delighted to have completed this transaction and we welcome the GB
Airways staff transitioning across to become part of the easyJet team. The deal
enhances easyJet's customer offering of low cost with care and convenience and
will create value for shareholders.'

The acquisition of GB Airways strengthens easyJet's position as the leading
short haul airline in the UK operating around 18% of available seats. easyJet is
now able to offer its customers more routes at convenient times from two major
UK airports - London Gatwick and Manchester. easyJet will now carry more
passengers from Gatwick than any other airline and the GB Airways acquisition
means that easyJet will be offering services from Manchester for the first time.


The integration of GB Airways into easyJet is progressing well - its routes are
already on sale via easyJet.com and plans are in place to ensure a smooth
transition by GB Airways to the easyJet Air Operators Certificate. As part of
the integration process synergy benefits in the areas of overheads, insurance,
ground handling, aircraft ownership and ancillary revenues have been identified
and over the medium term easyJet will be able to drive further benefit from the
acquisition as it optimises its network.  In the current financial year, before
exceptional costs of around £12 million, the acquisition will be earnings
enhancing.

Save as disclosed above, there have been no significant changes affecting any
matter contained in the announcements of 25 October 2007 or 18 January 2008 and
no other significant new matter has arisen which would have been required to be
mentioned in those earlier announcements if it had arisen at the time of the
preparation of those announcements.

Key facts and figures about the GB Airways acquisition:

Financials - year ended 31st March 2007:
                                                   £m
Revenue                                           250
EBITDAR                                            35
Profit before Tax                                 2.6

Fleet:
Aircraft                                       Number
A320                                                9
A321                                                6


Routes:

From London Gatwick to:                     From Manchester
Ajaccio (Corsica)*                          Heraklion (Crete) *
Alicante                                    Innsbruck (Until 3apr)
Bastia (Corsica)*                           Malta *
Corfu *                                     Malaga
Dalaman (Turkey)*                           Paphos (Cyprus) *
Faro                                        Tenerife *
Gibraltar *
Gran Canaria *
Heraklion (Crete)*
Hurghada (Egypt)*(Until 30apr)
Ibiza
Innsbruck
Lanzarote *
Madeira

Mahon (Menorca)
Malaga
Malta *
Marrakech
Montpellier *
Mykonos *
Nantes *
Palma (Majorca)
Paphos (Cyprus)*
Rhodes *
Sharm El Sheik *
Tenerife*

* New destinations to the easyJet network



Please direct any enquiries to:

easyJet plc

Financial:

Rachel Kentleton, Investor Relations               [phone]

Press:

Toby Nicol, Corporate Communications               [phone]














                      This information is provided by RNS
            The company news service from the London Stock Exchange