Management buys VLM Airlines from Intro

News : Management buys VLM Airlines from IntroOctober 27, 2014
Intro Aviation, the majority shareholder of Romscope, and VLM Airlines have announced that Romscope has sold VLM to the airline’s management with the formalities of the deal to be completed by the first week in November.

The new owners added that as a truly independent airline, VLM Airlines will continue to offer ACMI and charter services, but will also be offering scheduled services again in the near future.

VLM Airlines’ chief operating officer and accountable manager, Steve Blair, confirmed that the current agreement with Intro subsidiary CityJet will continue without change. “That deal expires at the end of summer 2015,” he noted, adding that the airline will be negotiating to extend the contract.

“We have another ACMI operating a Fokker 50 for Aurigny and that will continue until the end of the winter season,” Blair continued. “Meanwhile charter work for October 2014 is up 1,000% over last October, with more than 400 charter hours being operated this month.”

Discussing the reintroduction of scheduled services, Blair said that the airline hoped to make the situation clearer by the end of this week. “We aim to release information about potential new routes and possibly new aircraft too,” Blair stated.

Meanwhile Peter Oncken, managing director of Intro Aviation, explained, “We received an offer from the management of VLM Airlines that we felt we could not refuse. We are happy to see VLM now develop as a wholly independent airline in the ownership of a management which is dedicated to VLM.”

Leading that management team is CEO and majority shareholder Arthur White, who backed up Blair’s remarks by commenting, “We strongly believe in VLM Airlines as a truly independent airline. We are already studying a number of possible new routes from Antwerp International Airport. We will communicate this as soon as the deals have been concluded.”

Bernie Baldwin, editor, Low-Fare & Regional Airlines/LARAnews.net
London, UK

Sourced from laranews,net

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