Zoom - New airline in UK
Zoom Airlines plans overseas expansion
SCOTT DEVEAU
Zoom Airlines Inc., which operates low-cost flights between Canada and Britain, announced yesterday it plans to expand its operations to other worldwide destinations. The carrier, owned by entrepreneur Hugh Boyle, made the announcement yesterday after the Bank of Scotland Growth Equity acquired a minority stake in the airline as part of a $12-million investment package. The bank's investment will provide additional funds to launch a British-based airline for the carrier[/B], as well as assisting with a rolling fuel hedging package. Mr. Boyle said the new flights will not be operational until next year, but he is currently looking at flying to other locations in Europe, Africa, India, and the U.S..