Kiwijet: Seasons Greetings
Source: Scoop.co.nz ()
Kiwijet: Seasons Greetings
Monday, 17 December 2007, 12:06 pm
Press Release: kiwijet
Kiwijet: Seasons GreetingsDecember 17, 2007
Christchurch, New Zealand: Seasons Greetings from Patrick
Weil, Chief Executive Officer:As 2007 comes to a close,
Kiwijet has just celebrated its first year of incorporation,
and boy what a year it has been! I am delighted to report
that we are on track to launching Kiwijet in late 2008;
despite many obstacles mostly due to the surge in the global
oil market and the economic downturn in both the US and
Japan from where our principle investors are based. We will
announce our capitalization and intended launch date on
February 01, 2008 after completion of multi faceted due
diligence and a future market forecast with detailed fourth
quarter market and extensive currency analysis. We will
determine whether we can proceed as planned or defer our
options based on the forecast and global economic outlook
for 2008.
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We are currently engaged in expanding our
investment capital from new players in Australia and the
United Arab Emirates as investor groups and airlines from
both countries have expressed an interest in Kiwijet which
may include a limited transtasman cooperative services
agreement.In February we plan to open our new head office
in Christchurch with an initial staff of 8 full time team
members, and begin hiring staff to launch the airline in
late 2008 with a planned staff of 200 cross trained team
members. If full funding of 35 million US dollars is
approved at the end of January. On an extremely serious
note it has been revealed that national airline has been
engaged in acquiring all the available airport space in the
regional centres …