Αρχική Airlines News LOW-COST AIRLINE VOLOTEA TO LINK VENICE TO SIX GREEK ISLANDS

LOW-COST AIRLINE VOLOTEA TO LINK VENICE TO SIX GREEK ISLANDS

Low cost airline Volotea, to Link Venice to six Greek Islands and Thessaloniki.
Seats are on sale from €19 each way, taxes included
Venice Marco Polo airport, 15 March 2012. – Volotea, the low-cost carrier for Europe’s small and mid-sized cities, has put today on sale tickets for the new routes that will link Venice Marco Polo airport to six Greek Islands:
CORFU, HERAKLION, KOS, MYKONOS, RHODES, AND SANTORINI
Together with the Thessaloniki-Venice route, in the Greek mainland, Volotea becomes the top airline in the number of destinations (seven) between Greece and Venice.
 €19 ONE-WAT, TAXES INCLUDED
Tickets are available exclusively via volotea.com from today from €19, one-way, taxes included, with the travel period spanning from June/July (depending on the route) onto the entire summer season. There is a limited amount of seats on offer.
 
Initial schedules are as follows:
Thessaloniki           Tuesdays, Saturdays          starting 2 June
Corfu                    Wednesdays, Sundays        starting 24 June
Heraklion             Tuesdays, Saturdays          starting 17 July
Kos                       Mondays, Fridays              starting 16 July
Mykonos               Mondays, Wednesdays       starting 25 June
Rhodes                     Thursdays, Sundays           starting 15 July
Santorini              Wednesdays, Saturdays      starting 18 July
 
FIRST BASE IN VENICE
Volotea, the new European low-cost carrier that concentrates its activity on flights between mid-sized cities, has chosen Venice’s Marco Polo airport as its first operating base starting this spring.
The Barcelona-headquartered company will initially base three 125-seat, Boeing 717 in Venice, in order to serve a wide domestic and international network of destinations.
Volotea will link mid-sized cities underserved via direct flights, thus bypassing big hubs with notable economic benefits for both ends of the routes, due to its economical way of flying on a time-saving fashion.
Volotea has been founded by Carlos Muñoz and Lázaro Ros, previously co-founders of Vueling Airlines (today Europe’s third-largest low-cost carrier). They respectively hold the positions of CEO and Director General.
 
SUBSTANTIAL FUNDING
 Volotea has secured substantial and adequate funding from the founding and management team and, also, from three top private equity firms:
·         CCMP Capital Advisors, a leading private equity firm specializing in upper-middle market buyouts and growth equity investments in the U.S. and Europe, with offices in New York, London and Houston. CCMP Capital was formed in 2006 by the former buyout and growth equity investment professionals of J.P. Morgan Partners, LLC (a private equity division of JPMorgan Chase & Co). The founders of CCMP Capital have invested over $13bn since 1984.
·         Axis Participaciones Empresariales, a wholly-owned subsidiary of Spain’s Instituto de Crédito Oficial. Having invested €250m in over 130 operations since 1986, Madrid-based Axis is the oldest venture capital operator in Spain.
·         Sinaer Inversiones, an aviation-investment vehicle partly owned by Corpfin Capital, an independent private equity firm which focuses on Spanish growth companies. Madrid-based Corpfin was founded in 1990 and currently manages assets worth €400m.     

In keeping with the European Union’s airline ownership rules, European investors holds the majority of Volotea’s capital, as well as the airline’s effective control.

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