Tag Archives: 737-400

Cargojet and First Air expand their commercial agreement

Cargojet Inc. (Cargojet Airways) (Hamilton), Canada’s domestic premium overnight air cargo network operator, and First Air (Ottawa), the Airline of the North, announced today that they have expanded their commercial co-operation agreement effective July 1, 2015 and extended their Transportation Agreement to June 30, 2025.

Cargojet logo

First Air logo 2

According to both carriers:

This agreement further strengthens the strategic alliance between the two companies, and will allow for seamless air cargo transportation between the 14 major Canadian cities served on Cargojet’s overnight air cargo network as well as the 32 communities served by First Air in Canada’s North.

Above Copyright Photo: Chris Sands/AirlinersGallery.com. Cargojet Airways Boeing 767-35E ER (F) C-GUAJ (msn 26063) departs from Calgary.

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Below Copyright Photo: Tony Storck/AirlinersGallery.com. First Air Boeing 737-406 C-FFNC (msn 27232) (Native Hunter) taxies at Yellowknife.

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Air Horizont now plans to launch scheduled passenger flights on July 2

Air Horizont (Zaragoza) is a new airline in Spain. The new carrier is planning to now launch scheduled passengers flights to Rome starting on July 2 (delayed from May 14) pending the acquisition of its AOC according to Preferente.com. The airline is also planning to fly to Alicante, Seville and Munich from Zaragoza.

The company was founded by pilots Manuel Sahli and Juan Luis Díez.

Copyright Photo: Rainer Bexten/AirlinersGallery.com. The first aircraft, the pictured Boeing 737-436 9H-ZAZ (msn 25349), arrives in Berlin (Schoenefeld).

Air Horizont logo

Alaska Air Cargo delivers the first Copper River Salmon to Seattle for the new season

Alaska Airlines (Seattle/Tacoma) announced the opening of the annual Copper Riser Salmon fishing season and the first delivery to SeaTac by Alaska Air Cargo. Here is the announcement:

Alaska (2014) logo

A fish-filled Alaska Airlines jet touched down at Seattle-Tacoma International Airport shortly after 6 a.m. today, carrying 18,000 pounds of wild Alaska Copper River salmon — about 4,500 more pounds than the weight of a Learjet 31. A second plane carrying an additional 30,000 pounds is scheduled to arrive in Seattle around 10:20 a.m. Today officially marks the start of the salmon season that is anticipated by seafood lovers throughout the Pacific Northwest and beyond.

Salmon fishing fleet in Cordova, Alaska (Alaska)(LR)

Above Photo: Alaska Airlines. The fishing fleet off of Cordova, Alaska.

Alaska Airlines will operate up to five more flights today transporting the coveted Copper River salmon caught for three seafood processors: Ocean Beauty Seafoods, Trident Seafoods and Copper River Seafoods. The extra Copper River salmon flights will depart Cordova, Alaska, and arrive in Seattle and Anchorage, Alaska, where the fish will be shipped throughout the Pacific Northwest and across the United States today and through the weekend.

Copper River Salmon (Alaska)(LR)

Above Photo: Alaska Airlines.

Alaska plays a significant role in supporting the Alaska seafood industry, which is recognized worldwide for its sustainable fishing practices. The carrier flew nearly 25 million pounds of fresh Alaska seafood to the Lower 48 states and beyond last year, including nearly 1.2 million pounds of Copper River salmon.

Top Copyright Photo: Brian McDonough/AirlinersGallery.com. Boeing 737-890 N559AS (msn 35178) in the unique “Wild Alaska Seafood” livery and named “Salmon-Thirty-Salmon 2” arrives in Washington (Reagan National).

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Bottom Copyright Photo: Michael B. Ing/AirlinersGallery.com. Dedicated freighter, Boeing 737-490 (F) N709AS (msn 28896) lands in Anchorage, Alaska.

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FedEx Corporation to acquire TNT Express for $4.8 billion

FedEx Corporation (FedEx Express) (Memphis) has announced its intention to acquire its European rival TNT Express (TNT Airways) (Amsterdam) in an all-cash public offer with a stated public value of $4.8 billion. FedEx is offering a 33 percent premium in its price offering for the stock of TNT. The combined European headquarters will be Amsterdam. TNT’s Liege cargo hub will be maintained.

The two companies issued this joint statement:

FedEx Corporation logo

TNT Express logo

 

Transaction highlights:

FedEx Corporation (FedEx) and TNT Express N.V. (TNT Express) reached conditional agreement on recommended all-cash public offer of €8.00 per ordinary TNT Express share.

The Offer Price represents a premium of 33% over the closing price of 2 April 2015 and a premium of 42% over the average volume weighted price per TNT Express share of €5.63 over the last 3 calendar months.

The transaction represents an implied equity value for TNT Express of €4.4 billion ($4.8 billion).

Transaction unanimously recommended and supported by TNT Express’ Executive Board and Supervisory Board.

High level of deal certainty.

PostNL N.V. has irrevocably confirmed to support the Offer and tender its 14.7% TNT Express shareholding.

Combination will transform FedEx’s European capabilities and accelerate global growth.

Customers will enjoy access to an enhanced, integrated global network, combining TNT Express strong European capabilities and FedEx’s strength in other regions globally, including North America and Asia.

FedEx and TNT Express employees share a commitment to serving customers and delivering value for shareholders and supporting the communities they live and work in.

The parties have agreed to certain non-financial covenants including:

Existing employment terms of TNT Express will be respected.

The European regional headquarters of the combined companies will be in Amsterdam/Hoofddorp.

TNT Express hub in Liege will be maintained as a significant operation for the group going forward.

TNT Express’ airline operations will be divested, in compliance with applicable airline ownership regulations.

FedEx and TNT Express anticipate that the Offer will close in the first half of calendar year 2016.

FedEx and TNT Express are confident that anti-trust concerns, if any, can be addressed adequately in a timely fashion.

Top Copyright Photo: Paul Bannwarth/AirlinersGallery.com. FedEx Express Boeing 757-204 (F) N923FD (msn 26266) departs from EuroAirport serving Basel/Mulhouse/Freiburg.

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Bottom Copyright Photo: Bernhard Ross/AirlinersGallery.com. TNT Airways Boeing 737-4M0 (F) OE-IAT (msn 29210) taxies to the runway at Frankfurt.

Choice Aire to launch flights between Atlantic City, Nashville and Miami

Choice Aire (Miami) will debut its scheduled public charter service operated by Swift Air (2nd) (Phoenix) on May 21, 2015 serving new nonstop destinations Atlantic City International Airport (ACY), Nashville International Airport (BNA) and Miami International Airport (MIA).

According to the company, “Choice Aire will offer affordable, convenient, full-service first and economy class flights, with convenient connections from Miami to Cuba, Aruba and Curacao.”

Choice Aire logo

The five-times-weekly service will be operated by Swift Air, and will use Boeing 737-300 and 737-400 aircraft with 126 and 150 seats, including first class and economy service.

Swift Air (2nd)(USA) logo

Schedule:

Choice Aire 3.2015 Schedule

Choice Aire Charters, LLC dba Choice Aire offers Scheduled Public Charter Flights operated by Swift Air, LLC filed under DOT PC-15-043″ “FLA.

Copyright Photo: TMK Photography/AirlinersGallery.com. Former US Airways Boeing 737-4B7 N447US (msn 24874), now with Swift Air (2nd) as N802TJ (msn 24874), taxies at Lester B. Pearson International Airport in Toronto without airline titles.

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Southern Air eliminates all of its long-term debt with a debt-for-equity exchange

Southern Air (2nd) (DHL) (Cincinnati) has issued this statement about its restructuring process:

Southern Air Holdings, Inc. (SAHI) has completed a debt-to-equity exchange that eliminates all of the company’s long-term debt, enabling SAHI to significantly enhance its strategic position and growth plans.

The consensual secured debt-to-preferred equity exchange satisfies approximately $90 million in senior secured term debt by issuing to its former term lenders a new class of preferred stock and warrants. The newly issued preferred stock is non-voting and non-convertible, and provides for an annual stated yield accruing in kind (not in cash), and a liquidation preference over common shares. The exchange transaction was approved by the United States Department of Transportation and by 100% of the participating term loan lenders. In addition to the debt-for-preferred equity exchange, SAHI’s lenders agreed to renew and increase to $20 million a working capital line of credit in favor of various SAHI affiliates.

“The completion of this debt-for-equity exchange sets a new stage for growth in our air cargo platforms,” said SAHI and Worldwide CEO Dan McHugh. “Southern Air now has a clean balance sheet and no long term debt. With positive cash flow, we are poised to grow our existing 777 and 737 programs with global logistics leader DHL Express and other global customers, and in view of the closing of our acquisition of 767 carrier Florida West International Airways (Florida West), Worldwide is strengthening and expanding its highly reliable, cost efficient and customer-oriented ACMI, CMI and other air cargo services.”

Worldwide recently announced its plans to acquire Miami-based Florida West, a U.S. all cargo carrier operating 767 aircraft.

McHugh added, “Our lenders’ willingness to convert all of their term debt to preferred equity demonstrates a firm commitment to SAHI’s management vision, strategic positioning and growth plans, and we greatly appreciate their support in this debt conversion process.”

SAHI was advised in the transaction by the investment banking firm Imperial Capital and the law firm Berger Singerman.

Southern Air currently operates four Boeing 777-200 freighters on an around-the-world basis for the leading global express delivery provider DHL. Southern Air also operates five Boeing 737 aircraft for DHL, flying key routes to support DHL’s North American air networks.

All Boeing 747s have been retired.

 

Copyright Photo: Chris Sands/AirlinersGallery.com. Southern Air now operates five Boeing 737-400 freighters in DHL colors including ex-LOT 737-45D N495SA (msn 27157) at Calgary.

DHL-Southern Air aircraft slide show: AG Airline Slide Show

Southern Air aircraft slide show: AG Airline Slide Show

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Alaska Airlines to continue to offer its new premium inflight entertainment free for two more months

Alaska Airlines (Seattle/Tacoma) today announced it will continue to offer free premium inflight entertainment directly to customers’ personal electronic devices for two more months, in addition to the more than 100 titles of free content that are available all the time, to all passengers, as part of the new Alaska Beyond™ experience.

Alaska Beyond (Alaska)(LR)

Above Photo: Alaska Airlines.

All content, including premium movies and TV shows, will be complimentary through March 31, 2015. Starting April 1, customers can still enjoy free access to a wide selection of complimentary custom curated content and purchase premium movies and TV shows starting at $1.99.

The new entertainment service is available today on more than half of Alaska’s mainline aircraft and will be equipped on nearly all of Alaska’s all-Boeing fleet by April 2015.

Additionally, beginning February 1, Alaska will also introduce new Inflight Entertainment tablets powered by Microsoft. The tablets will be available to rent on long-haul flights for $8-10 and will feature movies, TV, XBOX games, music, digital magazines, and easy Internet access on WiFi-equipped flights. The rentable tablets will continue to be offered at no charge to First Class customers and MVP Gold75Ks.

Last month, Alaska debuted its new flight experience, ‘Alaska Beyond.’ In addition to the new, free inflight entertainment offerings, Alaska Beyond features delicious, locally sourced food and beverages, comfortable Recaro leather seats and personal power at every seat.

Top Copyright Photo: Michael B. Ing/AirlinersGallery.com. Alaska Airlines continues to replace its older Boeing 737-400s which are still due to be retired by the end of 2017.

Alaska Airlines aircraft slide show:

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