Tag Archives: 415

Silver Airways gets an infusion of $73 million in additional financing, will increase pilot pay to address the pilot shortage

Silver Airways (Fort Lauderdale/Hollywood) has secured up to $73 million in additional financing from GB Credit Partners LLC, the investment management affiliate of Gordon Brothers Group and Crystal Financial LLC. Victory Park Capital (Chicago), the investment firm that owns the airline, will maintain full ownership and control of the company.

Read the full statement: CLICK HERE

In other news, the regional airline and its pilots, represented by the Airline Professionals Association Teamsters Local 1224 and the International Brotherhood of Teamsters Airline Division (IBTAD), have announced they reached an agreement that will help address pilot shortages at the airline and provide Silver’s pilots with pay increases and quality of life improvements, according to a joint release from Silver Airways and Local 1224.

According to both parties, “the two groups have been working since August 2013 on a mid-term contract solution that will increase pilot pay and provide quality of life enhancements, while at the same time allowing the airline to better operate and continue to grow. Once ratified by the pilots, the letter of agreement will also assist the airline in attracting and retaining high quality pilots by immediately boosting pay, enhancing commuting and schedule flexibility, and allowing all pilots who remain with the Company for another year to earn a cash retention bonus.

The agreement was negotiated over the last several months, and it is being strongly endorsed by both the Silver Executive Council and the Teamster local. Final approval, however, is subject to ratification by Silver’s pilot membership.”

Copyright Photo: Brian McDonough/AirlinersGallery.com. SAAB 340B N415XJ (msn 415) taxies to the gate at the Washington Dulles International Airport hub.

Silver Airways: AG Slide Show

Current Route Map:

Silver Airways 2.2014 Route Map

 

Fly Olympic starts operations in Sweden

Fly Olympic (Sweden) (Small Planet) A320-200 LY-SPC (13)(Tko) ARN (Fly Olympic)(LR)

Fly Olympic (FlyOlympic.se) (Stockholm-Arlanda) is a new Swedish airline and also an affiliate of AeroPacific AB. The company has leased and painted an Airbus A320-231 LY-SPC (msn 415) from Small Planet Airlines. According to its website, the new airline is operating from Stockholm to Asmara, Baghdad, Erbil, London (Gatwick) Mogadishu, Mykonos, Sulaymaniyah and Thira (Santorini). Flights are also operated from Gothenburg.

According to the company, Fly Olympic also teamed up with Germania to launch operations on November 25, 2013 to Erbil and Sulaymaniyah.

Copyright Photo: Fly Olympic.

Fly Olympic (Sweden) logo

Wow Air acquires rival Iceland Express

Wow Air (stylized as WOW air) (Keflavik) yesterday (October 24) took control of all Iceland Express (Keflavik) flight operations and schedules. No disruption is expected for passengers booked on Iceland Express flights and Wow Air will ensure that all obligations to them are fulfilled.

The move is not a merger, it is a takeover, with Wow Air acquiring the Iceland Express route network, branding and customer base; as well as gaining access to all knowledge and expertise acquired by the company in its years of operation. The united company will fly under the “WOW air” brand, which will continue to emphasise entertaining service, extra legroom, and always providing the lowest available prices to and from Iceland. This acquisition creates a very powerful Icelandic low-fares airline with new destinations and greater frequency.

Wow Air will immediately begin offering more flights to Iceland from London and Copenhagen, as well as flights this winter from Berlin. Routes will also operate between Iceland and Salzburg over the skiing season and Warsaw and Kaunas over Christmas.

From next spring Wow Air will operate four Airbus A320s and will offer up to 400,000 tickets to and from Iceland. The company”s summer timetable will include 15 European destinations: London, Copenhagen, Paris, Amsterdam, Barcelona, Milan, Zurich, Stuttgart, Düsseldorf, Berlin, Lyon, Alicante, Frankfurt, Vilnius and Warsaw. In addition to the higher number of destinations, the frequency of flights to many of them will also increase significantly.

Wow Air was established in November 2011 by Icelandic serial entrepreneur Skuli Mogensen. Skuli has had a successful career building companies primarily in the telecom and technology sector in Iceland, Europe and North America. He was voted businessman of the year 2011 in Iceland.

Top Copyright Photo: Rolf Wallner. Avion Express is operating two Airbus A320s for Wow Air in their colors. A320-231 LY-COS (msn 415) “WOW Force Two” taxies at Zurich.

Bottom Copyright Photo: Marco Finelli. Holidays/Czech Airlines is the latest and final operator for Iceland Express. Holidays’ Airbus A320-214 OK-LEE (msn 2719) taxies at Bologna in Holidays colors with Iceland Express titles. Previously Astraeus Airlines and Hello operated aircraft for Iceland Express. Neither Icelandic “airlines” had an AOC.

Wow Air announces its plans for this winter

Wow Air (Keflavik) according to the new airline, “has announced increased competition in the marketplace, one of the main goals is to make flights to and from Iceland cheaper than ever.”

The airline flew to 13 destinations in Europe this summer; Copenhagen, London, Paris, Lyon, Alicante, Zurich, Basel, Stuttgart, Cologne, Berlin, Kaunas, Warsaw and Krakow.

This winter Wow Air will fly to Iceland from Berlin, London, and Alicante. Around Christmas the airline will offer flights to Copenhagen, Warsaw and Kaunas and over the ski season from December until March Wow Air offer ski flights to Salzburg.

Wow Air fleet consists of two Airbus A320s named WOW Force One and WOW Force Two. The aircraft are comfortably set up with 30-32 inch leg space and are wet leased from Avion Express.

Copyright Photo: Rolf Wallner. Airbus A320-231 LY-COS (msn 415) taxies at Zurich.

Star Airways will not use this Airbus A320, currently wet-leasing aircraft

Star Airways (StarAirways.al) (Tirana) will not operate this Airbus A320-231 registered ZA-RED (msn 415) according to this report in Flightglobal. Two A320s were due to be leased from ILFC but the start-up Albanian carrier has lost its AOC. Instead the carrier is wet-leasing aircraft from ItAli Airlines. The Tirana-Bologna route started this month.

Read the full report:

CLICK HERE

Copyright Photo: Malcolm Nason. Airbus A320-231 N415MX (msn 415) passed through Shannon on April 3, 2010 before it became ZA-RED.

Star Airways takes delivery of its first aircraft

Star Airways (StarAirways.al) (Tirana) is a new airline in Albania. On April 2 it took delivery of this ex-Mexicana Airbus A320-231 N415MX (msn 415) due to be re-registered as ZA-RED. The first A320 is leased from ILFC.

Copyright Photo: shanairpic. N415MX passed through Shannon on April 3 headed for the Tirana base.