Dart Group PLC Royal Mail retender (4526G)
June 06 2013 - 4:09AM
UK Regulatory
TIDMDTG
RNS Number : 4526G
Dart Group PLC
06 June 2013
Dart Group PLC ("the Group")
Royal Mail retender
Dart Group PLC, the Leisure Airline, Package Holidays and
Distribution & Logistics Group, is pleased to announce that it
has received notification from the Royal Mail that, subject to
contract, Jet2.com has retained contracts for six out of the eight
routes currently operated.
The Group has been operating flights for the Royal Mail through
its subsidiaries since 1980. The current routes with the Royal Mail
are due to terminate in 2014. As notified in the Company's results
for the year ended 31 March 2012, Jet2.com was invited to retender,
along with a number of other airlines, for the Royal Mail's revised
network from 2014.
As a result of the competitive retender process, there has been
a reduction in the margin that will be enjoyed by the Group going
forward. However, this was expected and the Royal Mail business
will still make a valuable contribution. Retaining approximately
75% of its Royal Mail business represents a positive outcome for
the Group and is regarded as a reflection of the very high service
levels maintained over many years.
6 June 2013
For further information, please contact:
Philip Meeson Mobile: 07785 258 666
Group Chairman and Chief Executive
Andy Pedrette / Siobhan Sergeant Tel: 020 7131 4000
Smith & Williamson Corporate Finance
Limited
This information is provided by RNS
The company news service from the London Stock Exchange
END
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