Icelandair
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[FONT=Arial, Helvetica, sans-serif]Horizon gears up for opportunities with new fleet plan
[/FONT] In a move to better position itself to address both current market challenges and future opportunities, Horizon Air today announced a new fleet plan. “This is a real milestone for our company,” said Jeff Pinneo, president and CEO. “The new fleet plan helps us achieve two important goals. First, it gives us the efficient lift we’ll need to both strengthen our presence in traditional markets and to respond quickly to new market opportunities. Secondly, it increases the fuel efficiency of our fleet, which is crucially important both now and in the long haul.”
The remainder of Horizon’s previous agreement with Bombardier called for two CRJ-700 deliveries per year between 2006 and 2009 (for a total of eight more aircraft).
The new agreement considerably accelerates deliveries, increases the number of new aircraft on order, and shifts the focus to the more cost-efficient Q400:
[/FONT] In a move to better position itself to address both current market challenges and future opportunities, Horizon Air today announced a new fleet plan. “This is a real milestone for our company,” said Jeff Pinneo, president and CEO. “The new fleet plan helps us achieve two important goals. First, it gives us the efficient lift we’ll need to both strengthen our presence in traditional markets and to respond quickly to new market opportunities. Secondly, it increases the fuel efficiency of our fleet, which is crucially important both now and in the long haul.”
The remainder of Horizon’s previous agreement with Bombardier called for two CRJ-700 deliveries per year between 2006 and 2009 (for a total of eight more aircraft).
The new agreement considerably accelerates deliveries, increases the number of new aircraft on order, and shifts the focus to the more cost-efficient Q400:
- Horizon is taking delivery from Bombardier of one new CRJ-700 in the first quarter of 2006 and 12 Q400s in late 2006 and by mid-2007.
- Bombardier has committed to helping Horizon place several of our Q200s back in the aircraft marketplace so they can be taken by other carriers. “This remarketing assistance will help us accelerate the transition of some Q200s out of the fleet more quickly, which is our intention, unless attractive market opportunities arise for them,” said Pinneo.
