Although declining from providing revenue figures, Delta AirElite president and CEO Michael Green said the Cincinnati-based charter and management company “is having a record year,” with a 38-percent gain in revenue flight hours over last year. He attributed much of the increase to the company’s introduction of its Fleet Membership jet-card program in February 2003. The company has also increased its charter/management fleet to 19 jets. This good news is tempered by the fact that parent company Delta Air Lines is restructuring as it continues to operate under Chapter 11 bankruptcy and might have to divest itself of non-core businesses, which include Delta AirElite. “I think we will know Delta’s decision fairly quickly,” said Green, probably within a few months. The airline has reportedly lost more than $11 billion over the last four years.
Delta’s AirElite Growing, but Faces Possible Sale
- January 12, 2007, 7:28 AM