newstodate.aero
Jun 17 (newstodate): The Cyprus-based asset management company Manswell Enterprises Limited has taken further steps towards building up a new Nordic carrier with trans-European ambitions.
Latest move is the signing of a preliminary deal for a capital injection into the ailing Danish carrier Cimber Sterling, eventually translating into a 66 percent stake of the shares.
Earlier, Manswell acquired the Swedish carrier Skyways in December 2010, and in May 2011 another Swedish carrier, City Airline.
Behind the asset management company is the Ukrainean strongman Igor Kolomoysky, one of the leaders of the so-called Dnipropetrovsk Group and himself one of the richest men in Ukraine.
Mr Kolomoysky is also holding a major stake in the Ukrainean airline industry including the carrier Dniproavia.
Cimber Sterling operates a fleet of 26 aircraft including seven Boeing 737-700 and 11 CRJ-200, Skyways has 10 aircraft including 10 Fokker 50 and two ATR-72, while City Airlines operates a fleet of 12 aircraft including three MD-87, seven ERJ 145 and two ERJ 135.
Merging the three carrier, probably with more to come, will require a major fleet consolidation based on a unified market strategy.
Latest move is the signing of a preliminary deal for a capital injection into the ailing Danish carrier Cimber Sterling, eventually translating into a 66 percent stake of the shares.
Earlier, Manswell acquired the Swedish carrier Skyways in December 2010, and in May 2011 another Swedish carrier, City Airline.
Behind the asset management company is the Ukrainean strongman Igor Kolomoysky, one of the leaders of the so-called Dnipropetrovsk Group and himself one of the richest men in Ukraine.
Mr Kolomoysky is also holding a major stake in the Ukrainean airline industry including the carrier Dniproavia.
Cimber Sterling operates a fleet of 26 aircraft including seven Boeing 737-700 and 11 CRJ-200, Skyways has 10 aircraft including 10 Fokker 50 and two ATR-72, while City Airlines operates a fleet of 12 aircraft including three MD-87, seven ERJ 145 and two ERJ 135.
Merging the three carrier, probably with more to come, will require a major fleet consolidation based on a unified market strategy.