News Listings for Air Atlanta Europe

  • McTighe: Turning Arik Air into Nigeria’s largest carrier

    News | 23 Apr 2007 09:36 | Brendan Sobie

    <P><STRONG>When Mike McTighe received a call from a head hunter in early 2006 asking him if he was interested in working for a Nigerian start-up, he hesitated. McTighe recalls looking up Nigeria on bbc.com and cnn.com and his first thoughts were “no way”.</STRONG></P> <P>“But then I met the principal and was impressed with his vision on what he was doing for Nigerian aviation,” says McTighe, who served as Arik’s chief operating officer for seven months before becoming managing director shortly after its October 2006 launch. “Nigeria is not nearly as bad as what you read.”</P> <P><IMG style="PADDING-RIGHT: 10px; FLOAT: left; PADDING-BOTTOM: 10px; OVERFLOW: auto; WIDTH: 200px; HEIGHT: 316px" alt="" src="../assets/getAsset.aspx?ItemID=17332" border=0>Just over a year later, McTighe has successfully led Arik Air through the start-up phase and is now leading the carrier through a period of ambitious expansion. In this quarter alone, Arik’s fleet will swell from eight to 16 aircraft, whichhttp://www.flightglobal.com/news/articles/McTighe-Turning-Arik-Air-into-Nigerias-largest-carrier-213349/
  • Focus Iceland: Northern raiders

    News | 23 Jan 2006 00:00

    A small island in the North Atlantic does not immediately spring to mind as a hotbed of aggressive investment policies and strategic forays into foreign lands, yet Iceland has an abundance of bothhttp://www.flightglobal.com/news/articles/Focus-Iceland-Northern-raiders-204201/
  • Avion sees bright investor response to share offering

    News | 23 Dec 2005 15:36 | Graham Dunn

    <body lang=EN-US style='tab-interval:36.0pt'> <div class=Section1> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><st1:country-region w:st="on"><st1:place w:st="on">Iceland</st1:place></st1:country-region>’s Avion Group has set an offer price at the top of its price range for its floatation on the Icelandic stock exchange after strong interest from institutional investors.</p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Institutional investors submitted non-binding subscriptions to an offering in new shares in Avion amounting to around ISK100 billion ($1.57 billion) - resulting in the offering being 16 times oversubscribed.</p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>In view of this strong interest, the board yesterday decided to increase the value of shares offered for sale from ISK6 billion to ISK10 billion. It also set an ISK38.3 offer price per share – reprhttp://www.flightglobal.com/news/articles/Avion-sees-bright-investor-response-to-share-offering-292303/
  • Iceland's Avion Group to order four 777 freighters

    News | 22 Sep 2005 07:59 | David Kaminski-Morrow

    <body lang=EN-GB link="#17375C" vlink=purple style='tab-interval:36.0pt'> <div class=Section1> <div> <div> <div> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><st1:country-region u1:st="on"><st1:place u1:st="on"><st1:country-region><st1:place><st1:country-region><st1:place>Iceland</st1:place></st1:country-region></st1:place></st1:country-region></st1:place></st1:country-region>’s <span class=spelle>Avion</span> Group is expected to disclose an order for four Boeing 777 freighters today which will be operated by its Air Atlanta Icelandic wet-lease division.</p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Sources familiar with the agreement state that the order – the second for the 777 freighter - will include options on another two aircraft, and <span class=grame>that deliveries</span> will begin in February 2009.</p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:autohttp://www.flightglobal.com/news/articles/Icelands-Avion-Group-to-order-four-777-freighters-290493/
  • Iceland's Avion Group shifts flotation plan to 2006

    News | 21 Sep 2005 16:40 | Victoria Moores

    <body lang=EN-GB style='tab-interval:36.0pt'> <div class=Section1> <div> <div> <div> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><st1:country-region w:st="on"><st1:place w:st="on">Iceland</st1:place></st1:country-region>’s <span class=SpellE><span class=spelle>Avion</span></span> Group has pushed back its planned flotation on the Icelandic stock exchange from the last quarter of 2005 to early 2006.<u1:p></u1:p></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span class=SpellE><span class=spelle>Avion</span></span> Group, which comprises a series of aviation companies, was planning a full flotation on the Icelandic stock exchange <span style='color:black'>in the fourth quarter of this year. <u1:p></u1:p></span></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>But an <span class=SpellE><span class=spelle>Avion</span></span> Group spokesman says that the flhttp://www.flightglobal.com/news/articles/Icelands-Avion-Group-shifts-flotation-plan-to-2006-290335/
  • Air Atlanta Europe has no future as separate firm: chief

    News | 20 Sep 2005 09:36 | Victoria Moores

    <body lang=EN-GB link="#003366" vlink=purple style='tab-interval:36.0pt'> <div class=Section1> <div> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region> wet-lease specialist Air Atlanta Europe’s planned merger with sister carrier Excel Airways has been driven by management’s belief that the company would be unable to remain as a separate operation in the long term.</p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Air Atlanta Europe managing director Larry Major reveals in an internal memorandum the driver behind the wet-lease company’s decision to tie up with London Gatwick-based Excel.</p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>He says: “The owners of Air Atlanta Europe have decided that the company does not have a long-term future as a separate entity.”<u1:p></u1:p></p> <phttp://www.flightglobal.com/news/articles/Air-Atlanta-Europe-has-no-future-as-separate-firm-chief-289429/