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Jet2 to open new base at Stansted Airport

Budget airline Jet2 has announced that it is to set up its ninth UK base at Stansted Airport although it warned that its operating profits would be affected as a result.

The announcement came as part of the airline’s Annual General Meeting with Group Chairman and Chief Executive, Philip Meeson, commenting that the firm hoped to have its new base up and running by Spring 2017.

It joins the recently announced base at Birmingham Airport as another regional hub for the airline which also recently announced a recruitment drive to fill 1,000 positions UK-wide as it expands flight routes from a number of regional airports.

However, Meeson also warned that, owing to costs relating to the launch of the two new bases, operating profits at Jet2’s holding company, Dart Group, would be impacted and would be ‘slightly behind’ current market expectations.

Meeson said: ““We believe that London Stansted has great potential for our holiday business, serving the populations of North and East London and the East of England.

“In view of the significant investment which will be committed in the second half of this financial year to launch our London Stansted and recently announced Birmingham Airport bases, it is likely that Group operating profit will be slightly behind current market expectations despite the good trading performance achieved in the year to date.”

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