Skywest
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Skywest
Found this at another site, not to sure where it has been referenced from sorry.
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”.
-td
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”.
-td
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Did know Skywest was getting more aircraft, as was mentioned as part of the increase flights pth-bme....thought was more F100's
also this came out in Australian:
"Skywest takeover near
Steve Creedy, Aviation writer
SINGAPORE-based CaptiveVision Capital (CVC) has all but completed its takeover of Skywest Airlines, Western Australia's major regional carrier, lifting its stake to almost 80 per cent.
CVC was the major shareholder in Skywest when it announced its bid in May to capitalise on Western Australia's resources boom, which has increased demand for charter services.
CVC is offering 22.7c in cash as well 0.4171 of a share in CVC's parent, Advent Air. It said yesterday it held 78.1 per cent of Skywest's voting stock. An independent expert's report by PKF Corporate Advisory has deemed the offer, equivalent to 32.2c a share, as fair and reasonable.
Skywest's independent directors have recommended that the offer, which expires on Monday, be accepted. The second and third biggest shareholders have said they will sell.
Skywest operates charter and regular passenger services and last month reported a 10.55 per cent increase in passenger numbers for 2005-06.
The airline has five Fokker 50 turbo-prop aircraft and three Fokker 100 jets, with a sixth F50 due to arrive in August.
Charters such as fly-in/fly-out services to mines earned about $14 million in the year to May 31. That compared with unaudited total revenue of $70.8 million and pre-tax operating profit after abnormals of $2.36 million. In its outlook, PKF says Skywest expects revenues to rise to around $97 million in the 2007 financial year, with a pre-tax profit of around $4.3 million."
also this came out in Australian:
"Skywest takeover near
Steve Creedy, Aviation writer
SINGAPORE-based CaptiveVision Capital (CVC) has all but completed its takeover of Skywest Airlines, Western Australia's major regional carrier, lifting its stake to almost 80 per cent.
CVC was the major shareholder in Skywest when it announced its bid in May to capitalise on Western Australia's resources boom, which has increased demand for charter services.
CVC is offering 22.7c in cash as well 0.4171 of a share in CVC's parent, Advent Air. It said yesterday it held 78.1 per cent of Skywest's voting stock. An independent expert's report by PKF Corporate Advisory has deemed the offer, equivalent to 32.2c a share, as fair and reasonable.
Skywest's independent directors have recommended that the offer, which expires on Monday, be accepted. The second and third biggest shareholders have said they will sell.
Skywest operates charter and regular passenger services and last month reported a 10.55 per cent increase in passenger numbers for 2005-06.
The airline has five Fokker 50 turbo-prop aircraft and three Fokker 100 jets, with a sixth F50 due to arrive in August.
Charters such as fly-in/fly-out services to mines earned about $14 million in the year to May 31. That compared with unaudited total revenue of $70.8 million and pre-tax operating profit after abnormals of $2.36 million. In its outlook, PKF says Skywest expects revenues to rise to around $97 million in the 2007 financial year, with a pre-tax profit of around $4.3 million."
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Originally Posted by Hawk777
Skystar320 seems to be in the know.
Is this the "New Dom Carrier" you have previously mentioned??
Is this the "New Dom Carrier" you have previously mentioned??
But something is not too right about this............. They are in a gr8 position to do something like this but i thought they were getting more F100's.
Tell you more later if it comes up
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This is more than a rumour!!
CVC is also the company that owns 51% of REX, soon 100% of Pelair and 100% of Airlink. The Singorporeans are also tied up with the same national superannuation company that wholly owns Singapore Airlines. I would be very nervous if I was G. Dixon because this will give them back door access to ALL air routes out of Australia through their associated companys AOC's
Advent Air Limited
08 August 2006
For immediate release via RNS
8 August 2006
Advent Air Limited
('Advent Air' or the 'Company')
Strategic partnership with Avion Group
The Board of Advent Air announces today that it has conditionally agreed a
strategic partnership with Avion Group, the Iceland-based investment company
specialising in air, land and sea transportation solutions worldwide, to utilise
certain additional aircraft in the Skywest Ltd air services network.
Advent Air controls Skywest Ltd in which it currently has a relevant ownership
interest of 78.1 per cent. Advent Air has made a takeover offer seeking to
increase its ownership of Skywest Ltd to 100 per cent. The closing date for the
takeover offer is currently the 22nd of August 2006 unless extended.
The conditional agreement provides for a profit sharing arrangement. Two of the
airlines that Avion Group owns, Star Airlines of France and Star Europe of
Germany, are to provide between one and four Airbus A320 Aircraft, from a fleet
which comprises some of the newest and highest quality aircraft within the
market place. It is intendedthat the aircraft shall be placed on Skywest's
Australian high capacity Air Operators Certificate ('AOC') for operation by
Skywest in its airline network. Further aircraft may be added to the AOC as
applicable for seasonal work, if demand is sufficient, under temporary
importation arrangements. The parties have agreed to jointly provide a marketing
budget to establish various new services. The terms of the profit sharing
arrangement are that each party pays its own costs and depending on route flown
either 75% or 50% of the profits remain with Skywest Ltd. Neither Advent Air nor
Skywest Ltd are exposed to the capital investment risk associated with ownership
of these relatively new aircraft.
Jeff Chatfield, Chairman of Advent Air said:
'With increasing demand for air travel in the region along with increasing
tourism growth, the strategic partnership provides the Advent Air group with a
flexible opportunity to attempt to grow its fleet and service capacity using
larger aircraft, without making substantial capital investments. New Airbus
aircraft are highly fuel efficient, thus providing lower operating costs per
passenger. This arrangement provides the opportunity to accommodate additional
passengers in the network as well as provide opportunities for growth of the
network itself. Skywest's existing aircraft may be redeployed to service
resource industry charter opportunities that have resulted from the current
buoyant resources sector environment that Skywest operates in.
The new aircraft are to be deployed with enhanced leg room that matches
Skywest's existing seat configuration; we believe that our passengers will enjoy
a superior level of comfort and service.'
About Skywest Airlines
Skywest is an award winning airline that has been meeting the needs of
Australian domestic and international tourist and business travellers for more
than 42 years. Skywest has flown millions of passengers throughout Western
Australia, to the Northern Territory of Australia, and to Indonesia. Skywest has
enjoyed high growth rates in revenue, profits and passenger numbers from 2004
when the Company became its dominant shareholder with a controlling interest.
About Avion Group
Avion Group is a global transportation solutions group founded on January 1,
2005. The Avion Group is listed on the Icelandic Stock Exchange and is
organized into three business divisions -- Aviation Services, Charter & Leisure
and Shipping & Logistics. Aviation Services consists of ACMI (Aircraft, Crew,
Maintenance, Insurance) providerAir Atlanta Icelandic, maintenance provider
Avia Technical Services and airport handling provider Southair. Charter &
Leisure is represented by leisure service travel provider Excel Airways Group
(UK), Star Airlines (France) and Star Europe (Germany). The Shipping and
Logistics division is represented by Eimskip, the prime maritime transportation
company in Iceland, with its fleet of approximately 30 ships. In addition to the
vessels, there are currently approximately 60 Boeing and Airbus aircraft in the
fleet.
Avion Group employs close to 6,000 people at 110 operational bases worldwide.
Enquires:
Jeff Chatfield, Chairman, Advent Air Ltd 07783 942 553
Roland Cornish, Beaumont Cornish Limited 0207 628 3396
Philip Haydn-Slater, W H Ireland Limited 0207 220 1690
Leesa Peters / Abigail Singleton , Conduit PR 0207 429 6666
+44 (0) 7812159 885
Suzanne Brocks, Buchanan Communications on behalf of
Avion Group 0207 466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
Advent Air Limited
08 August 2006
For immediate release via RNS
8 August 2006
Advent Air Limited
('Advent Air' or the 'Company')
Strategic partnership with Avion Group
The Board of Advent Air announces today that it has conditionally agreed a
strategic partnership with Avion Group, the Iceland-based investment company
specialising in air, land and sea transportation solutions worldwide, to utilise
certain additional aircraft in the Skywest Ltd air services network.
Advent Air controls Skywest Ltd in which it currently has a relevant ownership
interest of 78.1 per cent. Advent Air has made a takeover offer seeking to
increase its ownership of Skywest Ltd to 100 per cent. The closing date for the
takeover offer is currently the 22nd of August 2006 unless extended.
The conditional agreement provides for a profit sharing arrangement. Two of the
airlines that Avion Group owns, Star Airlines of France and Star Europe of
Germany, are to provide between one and four Airbus A320 Aircraft, from a fleet
which comprises some of the newest and highest quality aircraft within the
market place. It is intendedthat the aircraft shall be placed on Skywest's
Australian high capacity Air Operators Certificate ('AOC') for operation by
Skywest in its airline network. Further aircraft may be added to the AOC as
applicable for seasonal work, if demand is sufficient, under temporary
importation arrangements. The parties have agreed to jointly provide a marketing
budget to establish various new services. The terms of the profit sharing
arrangement are that each party pays its own costs and depending on route flown
either 75% or 50% of the profits remain with Skywest Ltd. Neither Advent Air nor
Skywest Ltd are exposed to the capital investment risk associated with ownership
of these relatively new aircraft.
Jeff Chatfield, Chairman of Advent Air said:
'With increasing demand for air travel in the region along with increasing
tourism growth, the strategic partnership provides the Advent Air group with a
flexible opportunity to attempt to grow its fleet and service capacity using
larger aircraft, without making substantial capital investments. New Airbus
aircraft are highly fuel efficient, thus providing lower operating costs per
passenger. This arrangement provides the opportunity to accommodate additional
passengers in the network as well as provide opportunities for growth of the
network itself. Skywest's existing aircraft may be redeployed to service
resource industry charter opportunities that have resulted from the current
buoyant resources sector environment that Skywest operates in.
The new aircraft are to be deployed with enhanced leg room that matches
Skywest's existing seat configuration; we believe that our passengers will enjoy
a superior level of comfort and service.'
About Skywest Airlines
Skywest is an award winning airline that has been meeting the needs of
Australian domestic and international tourist and business travellers for more
than 42 years. Skywest has flown millions of passengers throughout Western
Australia, to the Northern Territory of Australia, and to Indonesia. Skywest has
enjoyed high growth rates in revenue, profits and passenger numbers from 2004
when the Company became its dominant shareholder with a controlling interest.
About Avion Group
Avion Group is a global transportation solutions group founded on January 1,
2005. The Avion Group is listed on the Icelandic Stock Exchange and is
organized into three business divisions -- Aviation Services, Charter & Leisure
and Shipping & Logistics. Aviation Services consists of ACMI (Aircraft, Crew,
Maintenance, Insurance) providerAir Atlanta Icelandic, maintenance provider
Avia Technical Services and airport handling provider Southair. Charter &
Leisure is represented by leisure service travel provider Excel Airways Group
(UK), Star Airlines (France) and Star Europe (Germany). The Shipping and
Logistics division is represented by Eimskip, the prime maritime transportation
company in Iceland, with its fleet of approximately 30 ships. In addition to the
vessels, there are currently approximately 60 Boeing and Airbus aircraft in the
fleet.
Avion Group employs close to 6,000 people at 110 operational bases worldwide.
Enquires:
Jeff Chatfield, Chairman, Advent Air Ltd 07783 942 553
Roland Cornish, Beaumont Cornish Limited 0207 628 3396
Philip Haydn-Slater, W H Ireland Limited 0207 220 1690
Leesa Peters / Abigail Singleton , Conduit PR 0207 429 6666
+44 (0) 7812159 885
Suzanne Brocks, Buchanan Communications on behalf of
Avion Group 0207 466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
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4 A320s would be great for the airline but as far as a brand goes Skywest is not known at all outside WA. That is a great big hurdle to cover to put up a fight against VB and Qantas even on the Ph.SY or PH.Ml runs. History has shown us that there is only space for 2 airlines and 3 is not a crowd for long.
Originally Posted by coaldemon
4 A320s would be great for the airline but as far as a brand goes Skywest is not known at all outside WA. That is a great big hurdle to cover to put up a fight against VB and Qantas even on the Ph.SY or PH.Ml runs. History has shown us that there is only space for 2 airlines and 3 is not a crowd for long.
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AD-DN (even via ASP) would be nice at some stage.. put up some competition against QFA since VOZ pulled out.
$600-700 return up to the top end! A little expensive to go see some backpackers
$600-700 return up to the top end! A little expensive to go see some backpackers