GE-IAI teams with Blue Fox
Paris Le Bourget--Blue Fox Executive Airlines announced on the opening day of Le Bourget Air Show its selection of GE-IAI Aviation Service International as its exclusive full service provider. GE-IAI Aviation Services International, LLC will make available a spares inventory valued at $10 million to support the new carrier. Blue Fox, which plans to launch scheduled all-business transatlantic services next spring, will thus have a substantial parts inventory to support its planned Boeing 767-300ER fleet.
The agreement means that Blue Fox’s original funding requirement of £65 million is now £55 million. The airline is currently working with leading City of London financial advisors Stoy Hayward and a prospectus is due to be published in a few weeks’ time.
Blue Fox Founder and entrepreneur Michael Lord-Castle said: “We are delighted to reach this agreement with GE/IAI. It is a measure of confidence in the Blue Fox philosophy and management team when a company of GE/IAI Aviation Services’ calibre supports us in the launch phase. We greatly appreciate their support and are confident that with their full line of services our airline will open up a new era in long haul air travel.”
In May Blue Fox announced that it had secured $10 million worth of flight bookings from an unspecified New York-based travel organisation. The group was quick to secure all-business class seats from New York to London Stansted in its capacity as corporate agent to some 400 major US companies.
Blue Fox is preparing to launch twice daily flights to New York JFK from its own dedicated terminal at London Stansted in March 2002. It will fly seven Boeing 767-300ER aircraft, which will be configured for 138 passengers in 50-inch seat pitch. Services to west coast routes – Boston, Washington DC, San Francisco and Los Angeles will follow after New York – For more information visit the website at
www.bluefoxairlines.com
[This message has been edited by THE FIXER (edited 19 June 2001).]