Air Georgian announced (12-Sep-2013) it has signed a MoU to merge with Regional 1 Airlines, with the carrier to operate under one management team through the creation of a parent holding company. Air Georgian will continue to focus on its capacity purchase agreement with Air Canada, with Regional 1 Airlines to focus on the expansion of its domestic presence. Air Georgian president Eric Edmondson will assume the role of president and CEO of the newly formed parent company, as well as the role of president at Air Georgian and Regional 1 Airlines. Daniel Revell will continue as CEO of Air Georgian, with John Binder to continue as CEO of Regional 1 Airlines. Air Georgian president Eric Edmondson said: "I look forward to the opportunities presented by this strategic merger of two industry leaders. We are excited about our continued support of and dedication to our main partner Air Canada under the brand name of Air Georgian with its own dedicated and professional management team focused solely on bringing value to our CPA relationship. Regional 1 Airlines gives us a platform to aggressively pursue both domestic and international charter opportunities with significant existing expertise in operating ACMI leases, overseas field operations and remote environment start-ups." Avmax Group CEO John Binder said: "We look forward to capitalising on the strengths of Air Georgian, Regional 1 Airlines and Avmax Group. Our goal will be to provide full services solutions to our customers." [more - original PR]
Air Georgian and Regional 1 Airlines sign merger agreement
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For the first time ever in Europe, in 2016 a low cost airline carried more passengers than any other airline or airline group, as Ryanair's 117 million passengers pushed Lufthansa Group's 110 million into second place. Ryanair had beaten Lufthansa itself, but not the whole Lufthansa Group. IAG's first full year of including Aer Lingus helped it to take third place from Air France-KLM. Europe's number two LCC, easyJet, was ranked fifth.
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