OLT Express Germany announced (05-Jul-2012) the carrier signed a contract to take over the operations of Stuttgart-based Contact Air Service GmbH. The aircraft of both companies will continue to be operated under the brand name 'OLT Express'. Antitrust procedures related to the acquisition will likely be completed in early Sep-2012. Terms of the transaction were not disclosed. Contact Air has a fleet of eight Fokker 100s, and around 500 employees, which will be taken over by OLT Express Germany. Of these, around 200 are based in Bremen, 200 in Stuttgart and 100 in Saarbruecken. [more - original PR - German]
OLT Express to take over Contact Air operations
You may also be interested in the following articles...
Cathay Pacific's new routes – Dusseldorf, Zurich, Boston – continue long-haul market expansion
During the past decade, Cathay Pacific opened only three long-haul passenger markets that are still served today. But over 18 months in 2014 and 2015, Cathay will open six long-haul markets, with more likely to come. Three of those markets – Doha, Newark and Manchester – have already launched while Zurich opens in Mar-2015, Boston in May-2015 and, the most recent one announced, Dusseldorf, in Sep-2015.
The new long-haul markets bring Cathay's long-haul destination count to 30 and will help it continue to rebalance its network towards long-haul as short-haul flying becomes too competitive. Cathay's long-haul flying accounted for 63% of ASKs in 2006, 58% in 2011 and then a recent low of 55% in 2013. Cathay ended 2014 with 56% of ASKs in long-haul market, and by late 2015 this is due to be around 58%, according to the schedules it has filed.