Saturday, 12 May 2018

SPAIN: New Model Airline Volotea Is New Member Of IATA

Volotea, the airline of mid- and small‐sized European cities is a new member of the International Air Transport Association (IATA).

Representing some 280 airlines or 83 percent of total air traffic, IATA is the trade association for the world’s airlines.

It supports many areas of aviation activity and helps formulate industry policy on critical aviation issues.

We are pleased to become an IATA member, as this global association leads the innovation, safety and value creation in the airline industry, supporting the highest industry standards, said Carlos Munoz, Volotea’s founder and CEO.

The airline is expected to benefit from IATA’s know how and resources covering all fields of the industry, including analysis of regulations, development of standards, innovation in distribution, improvements on safety procedures, updates and training for aviation industry professionals, as well as cost reduction.

Volotea is a new model airline with a clever and bold approach, creating demand and connectivity by establishing innovative routes.

We are thrilled to welcome Volotea to the IATA family and to help them grow and excel in this highly competitive European market, said IATA Regional Vice President for Europe Rafael Schvartzman.

Volotea has carried 15 million passengers since its first flight in 2012, and over 4.8 million in 2017 alone.

Since the beginning of 2018, Volotea has launched 58 new flights to serve a lineup of 293 routes.

It currently operates flights to 78 mid- and small-sized European cities in 13 countries including France, Italy, Spain, Germany, Greece, Croatia, and the Czech Republic.

The airline is expected to carry 5.7-6 million passengers in 2018.

Its fleet consists of 32 aircraft, Boeing 717s and Airbus A319s.

Volotea currently operates from twelve bases: Venice, Nantes, Bordeaux, Palermo, Strasbourg, Asturias, Verona, Toulouse, Genoa, Bilbao, Marseille that opened on April 19 and Athens, which launched on May 3.

Volotea is a Spanish low-cost airline registered in Asturias, Spain with bases in Spain, Italy, France and Greece.

Volotea was established by Alaeo S.L. from Barcelona, a company created by former Vueling founders, Carlos Munoz and Lazaro Ros.

The name Volotea originates from the Spanish verb revolotear, meaning to fly around.

It commenced operations on 5 April 2012, from Venice Marco Polo Airport.

The company is backed by three private equity funds, two of them from Europe - Axis Participaciones Empresariales and Corpfin Capital and a third from the United States - CCMP Capital, whose chairman, Greg Brenneman, was one-time President and COO of America's Continental Airlines,and also chairs Volotea's board.

The company raised over €50m before operations began.

Boeing announced on 15 February 2012 that it had signed a long-term lease deal with Volotea for an undisclosed number of Boeing 717 aircraft.

In March 2015, it was announced that Volotea will receive a further four 717s from Blue1.

However, in November 2015, Volotea announced plans to phase out their 717 fleet over the next few years and replace it with Airbus A320 family aircraft.

As of January 2018, the Volotea fleet consists of the following aircraft:

Airbus A319-100 - 11

Boeing 717-200 - 17

Total - 28

Orders

Airbus A319-100 - 4


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