Its a valid question re the A320's. The below was released in August 2006. As a listed company Xr is public, and has made a deal with another public company, Avion Group. That means shareholders are expecting returns from this deal. As it hasn't happened by the touted date of Nov 06, does this mean there are some cranky shareholders out there, - both XR and Avion? Or have they backed out on the deal. I'm no expert, but failure to disclose this kind of information to the shareholding public should not be taken lightly.
PS anyone shed anylight on who Advent Air is ??
"PERTH-BASED regional carrier Skywest has announced a deal in which four A320 aircraft will be added to its fleet “to establish various new services”.
UK-listed Advent Air, which is Skywest’s major shareholder, said the planes will come from an Iceland-based firm called Avion Group which currently owns Star Airlines in France and Germanbased Star Europe.
The company said it intends to add the A320s to Skywest’s current high-capacity Air Operators Certificate, with even more aircraft to be added to cope with seasonal demand if required.
The deal also includes provision of a marketing budget for the establishment of new routes and there’s a profit sharing deal which will see each party paying its own costs, and Skywest not exposed to any capital investment.
Advent’s Jeff Chatfield said the move would also allow some of the carrier’s existing aircraft to be used to service charters for the “buoyant resources sector environment”.