Wednesday, March 01, 2006

Festival Airlines Set to Announce Rockford Base

It has now been reported that Festival Airlines will announce that it plans its initial base in Rockford, IL. We have been watching Festival with interest since 2004. Management expereince includes some Fedex veterans (no, this isn't the team from the Pittsburgh startup called Victory which also has former Fedex execs). We do not have confirmation, but hear that Blackwater Capital may be involved in its capitalization. Festival has been doing a great job at staying underneath the radar screen up to this point, which is what smart startups like Festival and DJ Air do. There has been no application to the DOT by Festival as of yet, but if they have their capital we would expect a filing soon unless they plan to work with a Ryan International-type carrier to get started. We hear that they have been shopping for 757s. More details to come...

1 Comments:

At 7:32 PM, Anonymous Anonymous said...

Very nice! I have heard their are some heavy hitters involved, perhaps someone might just get this thing right!

 

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