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LAXintl
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XTRA Airways put up for sale, most of fleet sold to Swift

Mon Mar 26, 2018 6:20 pm

XTRA Airways parent AerLine Holdings says it has entered into negotiations for sale of the charter airline.

Following earlier decision to divest XTRA, 7 of its 8 Boeing 737 aircraft were sold to Swift leaving single aircraft on the AOC. AerLine Holdings says it seeks to announce a buyer before the end of April 2018.

AerLine Holdings to Sell XTRA Airways
https://www.businesswire.com/news/home/ ... RA-Airways

=

Seems these US supplemental carriers are dropping like flies.
From the desert to the sea, to all of Southern California
 
MO11
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon Mar 26, 2018 6:36 pm

XTRA sold its business to Swift, too, so the only value is the FAA certificate.
 
allegiantflyer
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon Mar 26, 2018 6:55 pm

Swift certainly has been bulking up lately. I wonder why they have been making all these investments? with The Eastern purchase, Dynamic Airways, and fleet purchases from Xtra.
 
beeweel15
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon Mar 26, 2018 7:00 pm

Wow that was unexpected so looks like we are left with only Miami Air, Omni, Swift Air, World Atlantic and possibly SunCountry
 
Blankbarcode
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon Mar 26, 2018 7:49 pm

What could Swift possibly be prepping for? I'm kind of excited to see where this is all headed. Are we possibly going to see them try to break into the scheduled carrier business?

((Disclaimer: I have no aviation business/management experience nor knowledge))
 
PlanesNTrains
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon Mar 26, 2018 8:34 pm

Blankbarcode wrote:
((Disclaimer: I have no aviation business/management experience nor knowledge))


Congratulations! You're now qualified to start an airline. :-)
-Dave


MAX’d out on MAX threads. If you are starting a thread, and it’s about the MAX - stop. There’s already a thread that covers it.
 
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aemoreira1981
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon Mar 26, 2018 8:37 pm

I have to wonder now if this means the end of the line for the Swift B734s. The ex-EA B738s can also be replaced by these owned frames. I also see Swift and Dynamic ultimately under a single AOC with more B763s added, possibly current PS or IG frames.
 
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spinkid
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon Mar 26, 2018 8:47 pm

I feel like a rebranding as Eastern is coming
 
OKCDCA
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon Mar 26, 2018 8:52 pm

Blankbarcode wrote:
What could Swift possibly be prepping for? I'm kind of excited to see where this is all headed. Are we possibly going to see them try to break into the scheduled carrier business?

((Disclaimer: I have no aviation business/management experience nor knowledge))

I would be surprised to see them try the scheduled carrier business, but wouldn't be surprised to operate some flights on behalf of a scheduled carrier who flies a similar fleet and has recently announced a business plan change... Could SY use some extra lift this summer to help roll out their new model? They've announced some new routes that aren't exactly in their wheelhouse and maybe leasing some planes from Swift would allow them to explore some other new options as they roll this out before investing in more aircraft?

I'll include my own disclaimer as well: Just trying to have some fun speculation, I have no basis as to why this would happen!
 
ctrabs0114
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon Mar 26, 2018 9:05 pm

OKCDCA wrote:
I would be surprised to see them try the scheduled carrier business, but wouldn't be surprised to operate some flights on behalf of a scheduled carrier who flies a similar fleet and has recently announced a business plan change... Could SY use some extra lift this summer to help roll out their new model? They've announced some new routes that aren't exactly in their wheelhouse and maybe leasing some planes from Swift would allow them to explore some other new options as they roll this out before investing in more aircraft?

I'll include my own disclaimer as well: Just trying to have some fun speculation, I have no basis as to why this would happen!


FWIW, SY and WQ handled most of the NCAA men's basketball tournament charters this past season, so what you're suggesting, however far fetched, might not be as off base as you might think. That said, I was under the impression that SY still had their seasonal lease agreements with Transavia for four B738s, though, with WQ picking up four 738s as part of the acquisition of XP (which seat 168Y single-class), who knows?
2019: DAL, MCI, PHX, LAS, DFW, SAT, ORD, SLC, SEA, DTW, PHL, MIA, LAX; B73G (WN x3), B738 (WN, AA, DL), A20N (NK), MD83 (AA), B788 (AA x2), CS1 (DL), B739 (DL), B712 (DL), B752 (AA), B763 (AA), B77W (AA), B789 (AA)
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PlanesNTrains
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon Mar 26, 2018 10:54 pm

ctrabs0114 wrote:
OKCDCA wrote:
I would be surprised to see them try the scheduled carrier business, but wouldn't be surprised to operate some flights on behalf of a scheduled carrier who flies a similar fleet and has recently announced a business plan change... Could SY use some extra lift this summer to help roll out their new model? They've announced some new routes that aren't exactly in their wheelhouse and maybe leasing some planes from Swift would allow them to explore some other new options as they roll this out before investing in more aircraft?

I'll include my own disclaimer as well: Just trying to have some fun speculation, I have no basis as to why this would happen!


FWIW, SY and WQ handled most of the NCAA men's basketball tournament charters this past season, so what you're suggesting, however far fetched, might not be as off base as you might think. That said, I was under the impression that SY still had their seasonal lease agreements with Transavia for four B738s, though, with WQ picking up four 738s as part of the acquisition of XP (which seat 168Y single-class), who knows?


I saw a Transavia tail at PHX on Friday so I think they do.
-Dave


MAX’d out on MAX threads. If you are starting a thread, and it’s about the MAX - stop. There’s already a thread that covers it.
 
MO11
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon Mar 26, 2018 10:57 pm

Wait a minute. Swift acquired 5 737-400s and 2 737-800s from AerSale (Xtra). Behind the scenes are the four 737-800s operated by Travel Service that are flying for Swift this winter. Swift is scheduled to operate three 737s in Europe this summer for Travel Service.
 
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Polot
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon Mar 26, 2018 11:00 pm

spinkid wrote:
I feel like a rebranding as Eastern is coming

They are planning on rebranding Dynamic as Eastern. So far it looks like they are content on keeping the Swift name.
 
ODwyerPW
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon Mar 26, 2018 11:30 pm

PlanesNTrains wrote:
Blankbarcode wrote:
((Disclaimer: I have no aviation business/management experience nor knowledge))


Congratulations! You're now qualified to start an airline. :-)


I literally shot my glass of water out of my nose I laughed so hard. I always enjoy your posts PlanesNTrains. Thank you for the moment of levity!!

That said... Xtra Airways was rumored to be supplying jets for the CalJet service that was rumored to be supplying air service for Paradise Air out of San Carlos (Guaymas), Sonora, Mexico. Paradise Air ended up being a non-starter with a number of folks owed money for advanced travel vouchers that were purchased. Of course, that Paradise Air jet was supposed to be a CRJ200 (even featured on their homepage with a flight attendant in uniform)... so who knows where the truth lies.

But the Swift purchases have been interesting.... Will be cool to see what they've got going on.
Last edited by ODwyerPW on Mon Mar 26, 2018 11:35 pm, edited 1 time in total.
learning never stops.
 
ODwyerPW
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon Mar 26, 2018 11:34 pm

delete.. duplicate post error
learning never stops.
 
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sunking737
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon Mar 26, 2018 11:49 pm

SY has 5 HV birds, they return in April to HV. 824SY is sitting in MLB, plus rumor has it SY is getting 5 to 6 more of their own branded aircraft by years end. Plus they could get the 5 HV birds back next fall for winter 2018/19.
"Don't believe it unless its parked on the ramp, or printed in the schedule...SUBJECT TO CHANGE"

I'm a SUNDUCK......Worked for RC & SY @ MSP
 
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nickflightx
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Tue Mar 27, 2018 1:45 am

Too bad. Flew Xtra before while I was in HS on a band charter. They are a pretty good airline!
 
wedgetail737
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Tue Mar 27, 2018 2:02 am

nickflightx wrote:
Too bad. Flew Xtra before while I was in HS on a band charter. They are a pretty good airline!


I flew Casino Express before it was renamed to Xtra Airways.
 
Dominion301
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Tue Mar 27, 2018 2:09 am

I wonder if Swift are aiming to grow their Vacation Express flying on behalf of Sunwing with these acquisitions or maybe go after some Apple Vacations flying?
 
wjcandee
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Tue Mar 27, 2018 2:14 am

The fact is that outside of events like March Madness, there is a relatively-limited amount of business out there these days, as cruise charters and vacation charters generally have been declining for years. Sports charters like the NFL use bigger jets, the NBA Charters are all operated by DL on NBA-owned 757s, and on and on. No question that there is a significant amount of group charter business out there, but it is intermittent. There is some government charter business (e.g. repatriation flights, which Swift has a solid contract to perform), but, again, it is satisfied by the existing contractors. Despite the reductions in numbers of 737-size aircraft available for charter, and scheduled carriers' lack of interest in the business these days, there are generally still more aircraft chasing the business than there is business. And some carriers are just better-run operationally and more-efficiently-managed and better-capitalized than others. There are also some efficiency benefits in scale. Put together, this helps explain why Swift is growing opportunistically. They don't in any way have to do deals with other carriers because they have the ability to grow organically. However, if they can pick up some distressed assets on the cheap and take a competitor out of the market at the same time, why not? You wouldn't want or need to pick up the staff at that carrier, although you could certainly suggest that they apply. Again, they're doing fine without borrowing the trouble of attitudes and practices at the failed carrier, but if there are some good employees to hire, why not?
 
tierpin
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Tue Mar 27, 2018 2:20 am

Likely will be sold to the new World Airways.
 
Apprentice
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Tue Mar 27, 2018 4:18 am

Hi: Rumor goes, for several days now that another company will buy the permit and start charter flights to Europe on A330-neo

rgds
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aemoreira1981
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Tue Mar 27, 2018 5:28 am

wjcandee wrote:
The fact is that outside of events like March Madness, there is a relatively-limited amount of business out there these days, as cruise charters and vacation charters generally have been declining for years. Sports charters like the NFL use bigger jets, the NBA Charters are all operated by DL on NBA-owned 757s, and on and on. No question that there is a significant amount of group charter business out there, but it is intermittent. There is some government charter business (e.g. repatriation flights, which Swift has a solid contract to perform), but, again, it is satisfied by the existing contractors. Despite the reductions in numbers of 737-size aircraft available for charter, and scheduled carriers' lack of interest in the business these days, there are generally still more aircraft chasing the business than there is business. And some carriers are just better-run operationally and more-efficiently-managed and better-capitalized than others. There are also some efficiency benefits in scale. Put together, this helps explain why Swift is growing opportunistically. They don't in any way have to do deals with other carriers because they have the ability to grow organically. However, if they can pick up some distressed assets on the cheap and take a competitor out of the market at the same time, why not? You wouldn't want or need to pick up the staff at that carrier, although you could certainly suggest that they apply. Again, they're doing fine without borrowing the trouble of attitudes and practices at the failed carrier, but if there are some good employees to hire, why not?



Also, Swift owns most of its aircraft unencumbered. Of the 27 planes in their fleet (including the ones currently leased to XTRA pending merger into the Swift AOC):

Boeing 737-300 (2): both leased from BCI Aircraft Leasing, a Chicago lessor
Boeing 737-300(BDSF) (1): owned
Boeing 737-400 (20): 19 owned, 1 leased from BCI Aircraft Leasing
Boeing 737-800 (4): 2 owned, 1 leased from Bank of China, 1 leased from Macquarie Bank

The two B738s leased are former Eastern birds. With 22 of 27 planes owned unencumbered, they probably can afford to have some parked at times. I would imagine that the three leased Classics are on cheap power-by-the-hour leases where lease payments are based on actual operation. I suspect that Swift will be looking to buy other B738s to replaced the leased ex-EA birds.

I also have to wonder if JPATS will soon cease flying under its own AOC and instead contract out the work...since Swift and World Atlantic do a lot of flying for both DOJ and ICE.
 
Blankbarcode
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Tue Mar 27, 2018 9:06 am

On a slight tangent to my earlier post, what would be a sizeable enough fleet (among other factors) to completely break away from the charter business and start scheduled flights in the US? Since we are talking about larger jets here instead of props, I'd say it's a tad different than your typical EAS-like airline.

How would Swift operate and where would they focus?
 
32andBelow
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Tue Mar 27, 2018 11:14 am

They have enough pilots for all these planes?
 
Dominion301
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Tue Mar 27, 2018 1:44 pm

Blankbarcode wrote:
On a slight tangent to my earlier post, what would be a sizeable enough fleet (among other factors) to completely break away from the charter business and start scheduled flights in the US? Since we are talking about larger jets here instead of props, I'd say it's a tad different than your typical EAS-like airline.

How would Swift operate and where would they focus?


If they ever did, I'm sure they'd almost certainly focus on low frequency currently unserved leisure routes primarily to Florida.

A much lower risk would be to keep partnering with Vacation Express (aka Sunwing's US arm) and expand their sun charter flying. When it comes to sun charters, that's Sunwing's specialty as it is.
 
JBoy
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Tue Mar 27, 2018 6:01 pm

wedgetail737 wrote:
nickflightx wrote:
Too bad. Flew Xtra before while I was in HS on a band charter. They are a pretty good airline!


I flew Casino Express before it was renamed to Xtra Airways.


I remember Casino Express long ago as well. I flew on a 732 from Billings to Laughlin probably back in 2000.
 
Kronesian
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Tue Mar 27, 2018 9:14 pm

sunking737 wrote:
SY has 5 HV birds, they return in April to HV. 824SY is sitting in MLB, plus rumor has it SY is getting 5 to 6 more of their own branded aircraft by years end. Plus they could get the 5 HV birds back next fall for winter 2018/19.



N824SY is back in MSP, left here about 2 days ago.
KMLB
 
rdb98
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon May 07, 2018 1:00 pm

Any updates or rumors on the XTRA Airways sale?
 
jonnyclam123
Posts: 105
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon May 07, 2018 1:27 pm

They restart Eastern Airlines with a hub in DTW.
 
flight152
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon May 07, 2018 2:50 pm

jonnyclam123 wrote:
They restart Eastern Airlines with a hub in DTW.

That’ll last about a week.
 
MO11
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon May 07, 2018 3:53 pm

rdb98 wrote:
Any updates or rumors on the XTRA Airways sale?


Aerline Holdings is attempting to sell the certificate(s), not the airline. It apparently wasn't very successful in its attempt to sell the Songbird certificate.
 
OB1504
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon May 28, 2018 4:42 pm

Any updates? Friend of mine posted a photo of N314XA on social media with a caption that the airline is shutting down.

How much of the shutdown, if any, had to do with this lawsuit? viewtopic.php?f=3&t=1391225
 
rdb98
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon May 28, 2018 6:48 pm

They are still flying one jet.
Status is updated here: http://xtraairways.com/flight-status/
It will be interesting to see if the status is updated after the end of the month.
 
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SierraPacific
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Re: XTRA Airways put up for sale, most of fleet sold to Swift

Mon May 28, 2018 6:50 pm

So on the last Xtra Airways jet, there are two different fms systems which looks like one classic version then the ng version. Is this found anywhere else?

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