Zoom Airlines may fly again
BRENT JANG
Globe and Mail Update
January 13, 2009 at 10:19 PM EST
Zoom Airlines could return to the skies this summer under a new owner who pledges to restore low-cost transatlantic service less than a year after the carrier folded.
James Hultquist-Morrissey, owner and chairman of Globe Span Capital, said in an interview Tuesday night that he wants to take advantage of fuel prices that have tumbled about 65 per cent since Zoom went out of business in August.
Globe Span, a Toronto-based private equity firm, is working with bankruptcy trustee Doyle Salewski Inc. to take control of two or three Boeing planes that were leased in Canada by Zoom, he said.
“I'm the first guy to admit that there is some ill will there, but the brand name is worth bringing back,” Mr. Hultquist-Morrissey said.
Flight schedules have yet to be determined, but preliminary plans call for service in Toronto, Montreal, Paris, London and Rome.
BRENT JANG
Globe and Mail Update
January 13, 2009 at 10:19 PM EST
Zoom Airlines could return to the skies this summer under a new owner who pledges to restore low-cost transatlantic service less than a year after the carrier folded.
James Hultquist-Morrissey, owner and chairman of Globe Span Capital, said in an interview Tuesday night that he wants to take advantage of fuel prices that have tumbled about 65 per cent since Zoom went out of business in August.
Globe Span, a Toronto-based private equity firm, is working with bankruptcy trustee Doyle Salewski Inc. to take control of two or three Boeing planes that were leased in Canada by Zoom, he said.
“I'm the first guy to admit that there is some ill will there, but the brand name is worth bringing back,” Mr. Hultquist-Morrissey said.
Flight schedules have yet to be determined, but preliminary plans call for service in Toronto, Montreal, Paris, London and Rome.
