Tag Archives: Swift Air 2nd USA

Swift Air is acquired by the iAero Group

iAero Group has released this statement:

iAero Group, a leading integrated aviation platform business headquartered at Miami International Airport, completed the acquisition of Swift Air, the leading independent airline charter business in the United States. Swift Air now joins engine MRO AeroThrust and airframe MRO AeroTech under the iAero Group integrated aviation platform family.

Swift Air will now have access to iAero Group’s MRO capabilities to build and maintain the highest quality and most flexible fleet of aircraft in the market to deliver even higher levels of customer satisfaction. In addition, Swift Air will be able to reduce cost, increase in-service rates, and extend the life of their fleet.

“We are extremely excited to welcome Swift Air to our family of businesses,” said iAero Group Chief Executive Officer, Robert Caputo. “Swift Air will immediately benefit from our MRO and aircraft refurbishment capabilities and can further expand its capacity with our owned Boeing 737 aircraft.”

Jeff Conry, Swift Air’s Chief Executive Officer said, “we have been looking forward to joining iAero Group to leverage their capabilities to provide industry leading aircraft and service levels and have access to new capital to refresh and expand our fleet.”

Top Copyright Photo: Swift Air (2nd) (USA) Boeing 737-4B7 N458UW (msn 25022) MIA (Jay Selman). Image: 403679.

Swift Air aircraft slide show:

iAero Group to acquire Swift Air (USA)

iAero Group (Miami), a leading integrated aviation business, has signed a deﬁnitive agreement to purchase Swift Air (USA), the leading independent US airline charter business.

The transaction is subject to regulatory approvals and is expected to close in Q1, 2019. With the pending acquisition of Swift Air, iAero Group will add to its portfolio of aviation businesses acquired since its inception earlier this year including the leading engine MRO and leasing company, AeroThrust and airframe MRO AeroTech. iAero Group is headquartered in Miami along with its MRO service businesses on a campus with more than 350,000 square feet of office and MRO space at Miami International Airport.

“Bringing Swift Air into the iAero Group creates an integrated aviation services platform and will enable the airline to leverage our capabilities to further their already exemplary customer service and impeccable safety record through access to our high quality, efﬁcient, stateside maintenance services,” says iAero Group Chief Executive Officer, Robert Caputo. “In addition, with our aircraft acquisition capabilities in our engine and airframe leasing division we have developed a pipeline of assets that will allow Swift Air to meet its customers growth needs in a manner that is unmatched in the industry.”

Jeff Conry will remain as the leader of Swift Air as its CEO. Jeff brings over thirty years of airline management experience and will be a welcomed addition to the iAero Group management team.

Top Copyright Photo (all others by Swift Air): Swift Air (2nd) (USA) Boeing 737-401 N420US (msn 23988) BWI (Tony Storck). Image: 939056.

Swift Air aircraft slide show:

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.”

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.

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.

Swift Air (2nd) aircraft slide show:

Swift Air to emerge from Chapter 11 bankruptcy in mid October

Swift Air (USA) (Phoenix) now plans to emerge from Chapter 11 bankruptcy reorganization in mid October following the approval of the bankruptcy court. The Part 121 supplemental airline filed for bankruptcy reorganization in June 2012. The airline issued this statement:

On October 2, 2013 the U.S. Bankruptcy Court, District of Arizona granted final approval to Swift Air’s proposed plan of reorganization, thus paving the way for the company’s emergence from bankruptcy protection by mid-October. The company’s reorganization plan was overwhelmingly supported by the company’s creditor constituencies.

Swift’s CEO Jeff Conry said that “this is an important milestone in the company’s continuing steps to complete its financial restructuring and emerge from chapter 11 in the very near future. We are gratified to have the support of our plan sponsor, Nimbos Holdings, as well as the Official Creditors’ Committee.”

Ken Woolley, the principal behind Nimbos Holdings and the plan’s financial backer, said, “We are very excited about the company’s upcoming emergence from chapter 11, and look forward to a very successful future with the company.”

Copyright Photo: Mark Durbin/AirlinersGallery.com. The former US Airways Boeing 737-4B7 N802TJ (msn 24874) is pictured parked at San Francisco International Airport in the current livery, available for charter work. The aircraft was formerly painted and operated for the John McCain presidential campaign.

Swift Air:

Swift Air prepares to exit Chapter 11 bankruptcy reorganization

Swift Air LLC (USA) (Phoenix) has signed a definitive Plan Funding Term Sheet with NIMBOS LLC that provides for a substantial capital infusion and paves the way for the company to emerge from Chapter 11 by late September concluding its thirteen month reorganization. The company has filed a motion with the bankruptcy court for approval of $1.4 million in additional funding by NIMBOS as part of the steps to emerge from Chapter 11.

Swift Air LLC, has been best known for its 14 years of incident free operations, transporting presidential candidates like Senator John McCain, professional sports teams, and the world’s biggest music acts. Dealt a significant blow from the NBA lockout in the 2011-12 season, followed shortly thereafter by the NHL lockout in the 2012-13 season, Swift Air filed for bankruptcy in June of 2012 and has explored multiple exit strategies, before entering into this new arrangement with NIMBOS. The company has renewed its commitment to its sports charter line of business and is looking forward to the start of the NHL and NBA seasons, which will be the first uninterrupted seasons for these leagues in the past 2 years.

Swift Air is a certificated FAR 121 Air Carrier and operates a fleet comprised of Boeing 737 and Boeing 767 passenger aircraft.