EUjet bought by British operator

EUJET, the Shannon-based airline set up by former Ryanair chief executive PJ McGoldrick two years ago, has been snapped up by British airport operator Planestation in a deal that values the company at €6 million.

Planestation said yesterday it had signed a deal to take control of EUjet, which employs 250 people, upping its stake from 30%.

Mr McGoldrick said the deal was the final piece in a jigsaw to develop a new low-cost airline model.