Friday, March 13, 2009

JetBird pushes startup date out to autumn

VLJ (Very Light Jet) taxi operator JetBird has pushed it's start date from April out to August or September of this year. The company say that the delay has absolutely nothing to do with the current financial crises and is related purely to the fact that it will have only one aircraft on it's books come April. As a result the company has taken a view that it is more desirable to launch in August or September of this year with 3 or 4 aircraft and add one Phenom frame every couple of months until it reaches the 53 firm orders that it has placed with Embraer. Including options, JetBird has 100 Phenom on order.
It was announced today that the family of Senator Fergal Quinn have taken a 25% shareholding in Claret Capital, the private equity firm which owns JetBird. The Quinn family have invested in several Claret Capital projects including JetBird and Blue Ocean wireless since they sold their supermarket chain for 450m several years ago.
Domhnall Slattery, Claret's founder will now cede control of his majority shareholding as a result of the Quinn family's investment.

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