Cityjet
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Apparently a SEN base is on the cards...
Stobart Air sale to CityJet set to close next week - Independent.ie
Stobart Air sale to CityJet set to close next week - Independent.ie
Join Date: Jul 2005
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Airline economics confuse me; I wouldn't have thought Stobart Air seemed to be worth very much at all.
The new airline will be born into interesting times. At the very least, it will be operating in a difficult commercial environment, at worst it is an amalgamation of two airlines that have struggled to find their niche and that have too many similarities to an awful lot of former airlines.
The new airline will be born into interesting times. At the very least, it will be operating in a difficult commercial environment, at worst it is an amalgamation of two airlines that have struggled to find their niche and that have too many similarities to an awful lot of former airlines.
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It's one of the better airline businesses, certainly. I do see the strengths they bring to CityJet. But contracts can come and go (and they aren't long term compared to the lifespan of an aeroplane) and their previous operations for CityJet proved that one, and being a regional airline is to be in a dicey business dealing with fickle customers.
Join Date: Oct 2011
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Airline economics confuse me; I wouldn't have thought Stobart Air seemed to be worth very much at all.
Why wouldn't stobart air be worth much?
A fleet of brand new aircraft, 1.5+ million passengers a year, some
Lucrative contracts and a profitable operation?
A fleet of brand new aircraft, 1.5+ million passengers a year, some
Lucrative contracts and a profitable operation?
Now that there are two Sukhoi Superjets in full use, one is just operating ad-hoc charters for Cityjet out of Dublin around various points, the second is running under Finnair flight numbers out of Helsinki and seems to serve Geneva and Warsaw daily.
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Cityjet now linked with taking over Cimber (op CRJ for SK). They replace Cimber Sterling. Would take WX CRJ fleet from 8 to 19.
Analytiker: SAS er ikke lykkedes med Cimber - CHECK-IN.dk
Guess would make sense for SK cut number of regional operators to just BE (ATR) and WX (CRJ)
Analytiker: SAS er ikke lykkedes med Cimber - CHECK-IN.dk
Guess would make sense for SK cut number of regional operators to just BE (ATR) and WX (CRJ)
Where are Cityjet finding the money for all these takeovers ? Lenders presumably want to see a company generating healthy profits before continuing to lend ever more cash... airlines in northwest Europe are a relatively mature industry which means (unlike some tech companies) sales growth rates are unlikely to be 100% per year
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Flightglobal article Cityjet - Superjet
"CityJet expects to get at least two more contracts with major airlines this year for the Superjet 100, which is a good opportunity to see 'our baby' flying with the brands of major airlines," he adds.
"CityJet expects to get at least two more contracts with major airlines this year for the Superjet 100, which is a good opportunity to see 'our baby' flying with the brands of major airlines," he adds.
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The Times is reporting that they expect the merger between Stobart Air and Cityjet to be announced by the end of the month.
http://www.thetimes.co.uk/article/stobart-air-and-cityjet-merger-nears-takeoff-as-talks-draw-to-conclusion-nnp7q7q0d
http://www.thetimes.co.uk/article/stobart-air-and-cityjet-merger-nears-takeoff-as-talks-draw-to-conclusion-nnp7q7q0d
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Wonderful content in the Irish Times:
Stobart Air operates regional air services between a variety of centres in Europe and the UK, with Southend Airport being a key base. It is the operator of the Aer Lingus Regional network. The announcement said that the transactions “ will enhance Stobart’s flexibility in building new passengers routes at Stansted airport”, indicating that it will retain some stake in the merged airline.
#Stansted Airport and #Southend Airport being a key base
Though Stobart Air news, these 2 will become one as Cityjet soon, so this thread probably suitable!
EI-BUD
Stobart Air operates regional air services between a variety of centres in Europe and the UK, with Southend Airport being a key base. It is the operator of the Aer Lingus Regional network. The announcement said that the transactions “ will enhance Stobart’s flexibility in building new passengers routes at Stansted airport”, indicating that it will retain some stake in the merged airline.
#Stansted Airport and #Southend Airport being a key base
Though Stobart Air news, these 2 will become one as Cityjet soon, so this thread probably suitable!
EI-BUD