newstodate.aero
Nov 30, 2016 (newstodate): Under Jorgen Holme as new CEO since June 1, 2016, the Danish carrier Jet Time has now completed its scrutiny of a strategy to bring it back on firm footing within selected business segments.
As a result, Jet Time will now focus fully on its original business segments charter and ACMI, cutting it other two segments Cargo and the ACMI operations for SAS.
In a controlled process, these two business segments will be phased out during 2017, with Jet Time redelivering its fleet of eight ATR 72 aircraft operated for SAS, with the last one to go in September 2017.
The timing of the end of Jet Time's cargo operations that today comprise operations for TNT with five Boeing 737-400SF freighters will be decided upon in a dialogue with its commercial partners and other stakeholders.
The aim of the strategic turn-around of the company is to regain financial health after a prolonged period of difficulties stemming also from the complexity of operating in four different business segments as well as from uncontrolled growth over a short period of time.
The airline was founded by a group of Danish investors and operated its first flight on September 19, 2006, providing charter flights for tour operators as well as sale of excess capacity in the ACMI market.
Jet Time next entered the cargo business with the acquisition of a Boeing 737-300QC aircraft in March 2010, and on April 5, 2013, SAS signed a three-year contract with the Danish ACMI provider Jet Time for ATR 72-600 operations to and from the Danish and Swedish capitals.
As a result, Jet Time will now focus fully on its original business segments charter and ACMI, cutting it other two segments Cargo and the ACMI operations for SAS.
In a controlled process, these two business segments will be phased out during 2017, with Jet Time redelivering its fleet of eight ATR 72 aircraft operated for SAS, with the last one to go in September 2017.
The timing of the end of Jet Time's cargo operations that today comprise operations for TNT with five Boeing 737-400SF freighters will be decided upon in a dialogue with its commercial partners and other stakeholders.
The aim of the strategic turn-around of the company is to regain financial health after a prolonged period of difficulties stemming also from the complexity of operating in four different business segments as well as from uncontrolled growth over a short period of time.
The airline was founded by a group of Danish investors and operated its first flight on September 19, 2006, providing charter flights for tour operators as well as sale of excess capacity in the ACMI market.
Jet Time next entered the cargo business with the acquisition of a Boeing 737-300QC aircraft in March 2010, and on April 5, 2013, SAS signed a three-year contract with the Danish ACMI provider Jet Time for ATR 72-600 operations to and from the Danish and Swedish capitals.