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DutchBird ultimately bought by Exel
by Amigoe
Posted: Nov 27, 2004 00:13 UTC
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WILLEMSTAD/DRIEBERGEN – The Dutch charter company DutchBird has been officially taken over by the ExelAviationGroup. Exel-head Harm Prins confirmed the news.
Earlier this week it was announced that negotiations had been resumed on the takeover which had been called off last month. DutchBird and Exel both confirmed that a contract has been signed. Prins: "The takeover is 100 percent definite."
"This secures the future of DutchBird", continues the Exel-director. "We will maintain the contacts with DutchBird clients as well as personnel. In the next few months there will be an integration process of DutchBird within Exel.
DutchBird will probably be transferred to HollandExel by the summer season." The Nederlandse Mededingings-autoriteiten (NMa - Dutch Information authorities) still needs to approve the takeover. This is not expected to present a problem however.
Exel and DutchBird had signed a letter of intent in early October. This seemed to confirm the takeover. Two weeks later the negotiations reached a standstill and the takeover was called off.
With the DutchBird takeover Exel will obtain five more aircrafts and 250 employees.
Earlier Exel had announced that they would transfer two Airbus 320-aircrafts to Curaçao to fly the regional routes from here. Exel wanted to use the Airbus-aircrafts to immediately start operations - under a wet lease-construction of DutchBird – within the Caribbean area. It’s not clear if these plans will continue.
Exel announced earlier that DutchBird fitted well in the growing company of Niek Sandmann, Erik de Vlieger and Harm Prins. The charter company is well known for their good service and enthusiasm. With a yearly turnover of 160 to 180 million guilders and transportation of 700,000 passengers to destinations such as Turkey, Greece and Spain the company is a force to be reckoned with in the Dutch airliner market.
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