Just some interesting BS as to what goes on in the
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Posted On: 04/13/2018 3:33:00 PM
Just some interesting BS as to what goes on in the industry.
Dynamic Int'l Airways to rebrand as Eastern Air Lines
Eastern Air Lines Boeing 737-800 Eastern Air Lines Boeing 737-800 © Eastern Air Lines
14MAR2018
Dynamic International Airways (2D, Greensboro) has announced it has exited Chapter 11 bankruptcy protection as of March 8 and is now seeking to develop its ACMI/charter business using the Eastern Airlines (2D, Greensboro) brand.
Dynamic said in a disclosure to the US Department of Transportation (DOT) that under its court-approved reorganization plan, it will continue to operate ACMI-type charter flights in a bid to rebuild its financial resources. It said that during its time in bankruptcy protection, it had seen "substantial unmet public/market need for carriers with wide-body convertible aircraft". As such, it requires DOT approval to increase its beyond the current limit of five "large aircraft" to ten.
"Dynamic has the infrastructure to operate 10 aircraft and has a strong FAA compliance record," it said. "The current five aircraft restriction significantly limits financial growth and leads to costly inefficiencies in its maintenance department."
The carrier highlighted that it already has customer commitments for the use of up to 10 aircraft of which eight will be used for passenger flights and two for cargo.
The longterm objective, Dynamic said, is to introduce longhaul, low-fare scheduled service from China and other markets.
As it stands, the airline said it would be submitting a request to register the trade name (d/b/a) of Eastern Air Lines. It is recalled that Eastern Air Lines (2009) (EAL, Miami Int'l) was absorbed into Arizona-based passenger charter specialist Swift Air (USA) (WQ, Phoenix Sky Harbor) last year.
However, access to the Eastern Air Lines branding rights will come by virtue of owner Kenneth Woolley who, in addition to owning 100% of Solitude Strategies, LLC, Dynamic's single shareholder, also controls a 38.75% stake in Swift Air.
All aircraft Dynamic currently operates - one B767-200, two -(ER)s, and two B767-300(ER)s - are dry leased from various LLCs owned by Woolley. However, the disclosure states that Woolley will be donating these leased aircraft to Dynamic in the near future, such that Dynamic will own its entire B767 fleet.
"In addition to the leased aircraft and pending Department approval of Dynamic’s request in this letter, Mr. Woolley is prepared to donate additional Boeing 767 aircraft to Dynamic," it said.
In total, Woolley has provided over USD8 million in DIP financing and more than USD50 million in aircraft and cash following the company’s emergence from Chapter 11. He is reportedly prepared to invest up to an additional USD15 million to cover any operating expenses if needed as the new aircraft are integrated into the fleet.
About Dynamic International Airways
Type
Passenger Charter
Base
Greensboro
Aircraft
5
Dynamic Int'l Airways revises scheduled ops plans
12APR2018
Dynamic International Airways (2D, Greensboro) has amended previously announced plans to offer scheduled service between the United States and China, in favour of flights to South America.
In a filing to the US Department of Transportation (DOT) seeking to endorse its claim to substantial fitness, the carrier said it would offer scheduled flights between New York JFK and Georgetown Cheddi Jagan in Guyana using its fleet of B767s. No commencement dates have yet been given in light of the ...
Dynamic Int'l Airways secures a loan from its owners
12NOV2017
Dynamic International Airways (2D, Greensboro) has secured a USD2.5 million loan from Solitude Strategies LLC, a company belonging to the owners of the charter airline, the Wall Street Journal reported.
Solitude Strategies LLC is owned by Kenneth Woolley and Paul Kraus, who since 2013 have also owned Dynamic Int'l Airways.
The airline has been under US Chapter 11 protection since July 2017. The new loan is intended to help Dynamic Int'l Airways emerge from the bankruptcy proceedings. ...
Dynamic ceases scheduled commercial operations
04OCT2017
Troubled US carrier Dynamic International Airways (2D, Greensboro) has stopped offering tickets on its last remaining scheduled passenger route, New York JFK – Georgetown Cheddi Jagan, effectively signalling its withdrawal from scheduled operations.
Not trying to start rumors or pump the stock. But I thought this article was interesting as to the bull sht that takes place. Dynamic, Swift Air, Eastern. And rumors back in March that this guy was prepping for a sale of something in the future. Just interesting stuff. IMO.
https://www.ch-aviation.com/portal/news/65344...-air-lines
Dynamic Int'l Airways to rebrand as Eastern Air Lines
Eastern Air Lines Boeing 737-800 Eastern Air Lines Boeing 737-800 © Eastern Air Lines
14MAR2018
Dynamic International Airways (2D, Greensboro) has announced it has exited Chapter 11 bankruptcy protection as of March 8 and is now seeking to develop its ACMI/charter business using the Eastern Airlines (2D, Greensboro) brand.
Dynamic said in a disclosure to the US Department of Transportation (DOT) that under its court-approved reorganization plan, it will continue to operate ACMI-type charter flights in a bid to rebuild its financial resources. It said that during its time in bankruptcy protection, it had seen "substantial unmet public/market need for carriers with wide-body convertible aircraft". As such, it requires DOT approval to increase its beyond the current limit of five "large aircraft" to ten.
"Dynamic has the infrastructure to operate 10 aircraft and has a strong FAA compliance record," it said. "The current five aircraft restriction significantly limits financial growth and leads to costly inefficiencies in its maintenance department."
The carrier highlighted that it already has customer commitments for the use of up to 10 aircraft of which eight will be used for passenger flights and two for cargo.
The longterm objective, Dynamic said, is to introduce longhaul, low-fare scheduled service from China and other markets.
As it stands, the airline said it would be submitting a request to register the trade name (d/b/a) of Eastern Air Lines. It is recalled that Eastern Air Lines (2009) (EAL, Miami Int'l) was absorbed into Arizona-based passenger charter specialist Swift Air (USA) (WQ, Phoenix Sky Harbor) last year.
However, access to the Eastern Air Lines branding rights will come by virtue of owner Kenneth Woolley who, in addition to owning 100% of Solitude Strategies, LLC, Dynamic's single shareholder, also controls a 38.75% stake in Swift Air.
All aircraft Dynamic currently operates - one B767-200, two -(ER)s, and two B767-300(ER)s - are dry leased from various LLCs owned by Woolley. However, the disclosure states that Woolley will be donating these leased aircraft to Dynamic in the near future, such that Dynamic will own its entire B767 fleet.
"In addition to the leased aircraft and pending Department approval of Dynamic’s request in this letter, Mr. Woolley is prepared to donate additional Boeing 767 aircraft to Dynamic," it said.
In total, Woolley has provided over USD8 million in DIP financing and more than USD50 million in aircraft and cash following the company’s emergence from Chapter 11. He is reportedly prepared to invest up to an additional USD15 million to cover any operating expenses if needed as the new aircraft are integrated into the fleet.
About Dynamic International Airways
Type
Passenger Charter
Base
Greensboro
Aircraft
5
Dynamic Int'l Airways revises scheduled ops plans
12APR2018
Dynamic International Airways (2D, Greensboro) has amended previously announced plans to offer scheduled service between the United States and China, in favour of flights to South America.
In a filing to the US Department of Transportation (DOT) seeking to endorse its claim to substantial fitness, the carrier said it would offer scheduled flights between New York JFK and Georgetown Cheddi Jagan in Guyana using its fleet of B767s. No commencement dates have yet been given in light of the ...
Dynamic Int'l Airways secures a loan from its owners
12NOV2017
Dynamic International Airways (2D, Greensboro) has secured a USD2.5 million loan from Solitude Strategies LLC, a company belonging to the owners of the charter airline, the Wall Street Journal reported.
Solitude Strategies LLC is owned by Kenneth Woolley and Paul Kraus, who since 2013 have also owned Dynamic Int'l Airways.
The airline has been under US Chapter 11 protection since July 2017. The new loan is intended to help Dynamic Int'l Airways emerge from the bankruptcy proceedings. ...
Dynamic ceases scheduled commercial operations
04OCT2017
Troubled US carrier Dynamic International Airways (2D, Greensboro) has stopped offering tickets on its last remaining scheduled passenger route, New York JFK – Georgetown Cheddi Jagan, effectively signalling its withdrawal from scheduled operations.
Not trying to start rumors or pump the stock. But I thought this article was interesting as to the bull sht that takes place. Dynamic, Swift Air, Eastern. And rumors back in March that this guy was prepping for a sale of something in the future. Just interesting stuff. IMO.
https://www.ch-aviation.com/portal/news/65344...-air-lines
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